Why Vivint Smart Home Popped 28.1% Today
Shares of home-security company Vivint Smart Home (NYSE: VVNT) jumped as much as 28.1% in trading on Friday after the company reported first-quarter 2021 financial results. At 12:50 p.m. EDT, shares were still up 24.4% for the day.
Revenue was up 13.2% in the quarter to $343.3 million, and new subscribers added increased 20.1% versus a year ago to 60,127. Net loss improved from $145.1 million a year ago to $87.4 million, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) jumped by $27.2 million to $162.1 million.
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Source Fool.com
