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Monitronics Reports Improved 2nd Quarter Earnings
Monitronics Reports Improved 2nd Quarter #Earnings | #Verdafero #Business #RMR #Security | Monitronics Int’l (OTC: SCTY), dba Brinks Home Security, reported a net loss of $21.7 million, a $32.5 million year-over-year improvement compared to a net loss of $54.2 million in the prior year period.
The decrease in net loss is primarily attributable to no restructuring and reorganization expense incurred in the current quarter combined with lower interest expense.
The company reported net revenues of $120.8 million, a decline of 5.7% as compared to the prior year period.
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