Tag: Sunpro Solar
ADT reports second-quarter results
August 4, 2022Ken Showers, Managing Editor
BOCA RATON, Fla.—Smart home and small business security provider ADT released its second-quarter results today during an earnings call, with strong growth indicators and optimism for the third and fourth quarters.
The tone of the call was positive focusing on yearly gains and a positive look at financial outcomes for the rest of 2022.
“We delivered what I believe is our best quarter ever at ADT,” said ADT President and CEO Jim DeVries. A snapshot of the financials shows a...
DIY systems constituted 50% of all security system sales in past year, report says
April 18, 2022SSN Staff
ADDISON, Texas—New Parks Associates consumer research announced recently at ISC West reveals that 50 percent of all security system sales in the past year were DIY solutions.
The firm’s Residential Security Tracker notes that systems with professional installation continue to hold about 50 percent of the marketplace, but if consumer intentions hold, DIY systems will soon constitute the majority of the market. The firm’s 4Q 2021 update assesses the residential security...
ADT reports fourth quarter and full-year 2021 results
March 1, 2022SSN Staff
BOCA RATON, Fla.—ADT Inc., the most trusted brand in smart home and small business security, has reported results for the fourth quarter and full year 2021.
FOURTH QUARTER 2021 (variances on a year-over-year basis)
Total revenue of $1.4 billion, up 5 percent
End-of-period RMR (recurring monthly revenue) of $359 million, up 5 percent
Sequential and year-over-year net subscriber growth; total subscribers of 6.6 million
Customer retention with gross customer revenue...
ADT completes acquisition of Sunpro Solar
December 9, 2021SSN Staff
BOCA RATON, Fla.—ADT Inc., the most trusted brand in smart home and small business security, announced it has completed its acquisition of Sunpro Solar.
With the acquisition of Sunpro Solar, ADT is introducing ADT Solar, which will provide customers with rooftop solar and energy storage solutions to increase their energy independence and help them save money on their energy expenses. Sunpro currently operates in 22 states, and ADT Solar plans to expand to more markets across the U.S.
“The...