Vivint Says RMR Model Proved to be Resilient in Q3

Vivint Says RMR Model Proved to be Resilient in Q3 | #Verdafero #RMR #Monitoring #Integrators | Vivint reports higher installation revenue, lower attrition rates, and increased subscribers and revenues during Q3 despite the COVID-19 pandemic.

From a revenue standpoint for the quarter ending on Sept. 30, 2020, Vivint had revenues of $319 million, an increase of $28.2 million or 9.7%, as compared to the same period in 2019. EBITDA for the quarter was $154.5 million, up from $152.7 million last quarter.

The only chink in the armor is a drop in its average monthly service revenue per customer, according to its latest quarterly report to investors.

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