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HomeArticlesVivint Security and Home Automation Rakes in 250,000 New Subs in 2015

Vivint Security and Home Automation Rakes in 250,000 New Subs in 2015

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.♦

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