Vivint Smart Home released its fourth quarter and year-end financials, showing record increases across the board, including 250,000 new smart home subscribers, taking total customers passed 1 million.
Vivint’s total revenue increased 14.8 per cent to $US175 million, with total revenues for the year at $653.7 million, a 16 percent increase over last year.
Vivint added 33,162 new smart home subscribers in Q4, a 53.9 per cent increase over the same period in 2014. In 2015, it added a total of 236,562 new smart home subscribers, up 15.7 per cent over the prior year. Total RMR for the year was $55.7 million, up from $48.7 million in 2014. In addition, the company is reporting a 78 per cent adoption rate of its Advanced Smart Home Services.
Vivant’s 2GIG security and smart home solution is distributed in Australia by QSS.♦