Apx Group Holdings, Inc. 10-Q Quarterly Report August 2019

Provo, UT – August 6, 2019 – APX Group Holdings, Inc. (“APX Group”, “Vivint” or the “Company”) today reported financial and operational results for the second quarter ended June 30, 2019.

“The second quarter was one of operational focus in all areas of our business,” said Todd Pedersen, chief executive officer of APX Group. “We’ve been highly focused on increasing our service margins and we continue to make good progress in this area; Average Revenue per User is up $0.86 year over year and with corresponding reductions in net service costs, we’ve seen service margins materially increase. We had a significant new product launch with the release of our Vivint Outdoor Camera Pro, and we’ve achieved our goal to drive a majority of our outdoor camera installations to this new product which improves customer experience, lowers service costs and drives incremental hardware margin. Finally, we’ve had our sales teams focused on the changes to our underwriting process as we implemented a second financing source to the Vivint Flex Pay program. All of this has had some impact on our sales productivity during the summer season, but we saw progress over the course of the second quarter. We’re confident that all of these activities will strengthen both Vivint’s financial performance and our customer value proposition.”

a:This earning release includes Adjusted EBITDA, a metric that is not calculated in accordance with Generally Accepted Accounting Principles in the U.S. (“GAAP”). See the “Statement Regarding Non-GAAP Financial Measures” section at the end of this earnings release for the definition of Adjusted EBITDA and a reconciliation to its most directly comparable financial measure calculated in accordance with GAAP.

The following information was filed by Apx Group Holdings, Inc. on Tuesday, August 6, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Apx Group Holdings, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

CIK: 1584423
Form Type: 10-Q Quarterly Report
Accession Number: 0001584423-19-000021
Submitted to the SEC: Tue Aug 06 2019 6:17:27 PM EST
Accepted by the SEC: Wed Aug 07 2019
Period: Sunday, June 30, 2019
Industry: Miscellaneous Business Services

External Resources:
SEC.gov

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Apx Group Holdings, Inc. (1584423) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

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