ADT Stock Drops, Q2 2021 Results

By IPVM Team, Published Aug 06, 2021, 10:19am EDT (Info+)

ADT's stock price dropped 12% after reporting their second-quarter earnings, missing their EPS consensus estimate of $0.26, coming in at -$0.07.

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Inside this note, we examine the results, including revenue, loss, commercial business performance, and Google partnership outlook.

Revenue **** *** **** ***** **** ********

*** ***** ******* ******** *% *** for ** ****, **** *** ******* reporting * *** **** ** ~$*** million, $** ******* ***** **** * 2021.

*** ********* ** **** ********'* ************ for ******, ** **** ****** ***** shows:

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*** *** *** ********* *** ** **** ******** ******* ** ****** ************ ** *************.

Installation ******* *******

*******, *** *******'* **** *** ********* driven ** * **% ******** ** overall ************ *******. ************ ******* ** just ******* */* ** *** *******'* total *******, **** **** ******* ****** from ********* ********.

******** *** ***** ******** (***) ************ revenue ******** *******, **** **% ***.

** *** ******** ****, ********** ************ revenue *** ** **% ***.

Ownership ***** *******

*** **** *** ******* ******* ******* was **** ******* '********* ***** *******', as **** ********* ** *** ********* filing:

****** ******** ****, *** ******* ******** a *** ******* ***** ********** *** certain *********** *********, ***** (*) ******* the ****** *** ****** ** **** due ** ************, (**) ********** * 60-month ********** ******** ******, *** (***) introduced * *** ****** *********** ******** option **** ****** ********** *********** ********* to ***** *** **** *** ** installation **** * **-, **-, ** 60-month ********-**** ******. *** ** *** requirements ** *** *******’* ******* *****-***** consumer ********* *******, *** ******* **** transitioned *** ******** ****** ********* ***** from * ************* *******-***** ***** ** a ************* ********-***** ***** (*** “********* Ownership ***** ******”)

*******, ** ** ***** *** ***** what ****** **** ** ***** **** investor's ************ ***** **** **** *** disclosed **** **** * **** ***.

**********

*** ********** ********** *** ************ ******** increasing **% *** **% ***, ************, with *** ****** *******'* ******* ********** ~23% ** * ***** ***.

*******, **** ****** *** ******* *** worst ******* ** *** ******** *** ADT, ** ****,**** *** ********** *****'* ******* **********% ***.

**** ** **** ** ** ****, the ********** *****'* ******* *** ********* 7% ** *****, ********* ** *** sizeable ******* *** **** * ********** large ******** ** *** **** ****.

*** ** ******** ****** ***** ***** but ** *** **** ******* ***** that. *** *******, *** *** ***** generally ***** ********** ***********:

** * ******'* ***** ** *** single ********** ***. **'* * *** of ********** ******** ****** * ****** broad ******** ** *********. *** ******** account ******** ** ***** ************* ****. We **** **** ** *********** **** in **** *****. *** *'* *** the ******* ** ******* *** ** market ***** *****.

*******, ***** *** ********** ***** *** only ***** *** *% ** *** past * *****, ** ** *** think **** ***** ******* ******** ****** share ***** ***** ** ******** *** total ****** ** **** ***** ** a ******* *** ****** *** **** time ******.

*** ******* ********* ******* ***** ** penetrating *** ********** ****** ****** *** making **** *********** **** *** **** 12-18 ******, **** *** *** ************** *** **** ****:

***** *** ****’* ******* ******** ** commercial, ****, **** ****** *** ******** services, **** *********** ************* ******* *** commercial ******** ** ***** ** *** product *********, *** ********** ***** *** our ********** ******** ******* ************.

Google *********** ** ******* ***** ****

***** *** *** ********** ****** ** a ********* *******, **** *** ****** ************* **** ****** *** *****, ***** will ** ** ******** ********* ****** this ****:

*****'* **** *****-***** **-********* *****, *** nothing *********** **** **** ** * result, ***** **** *** **** ** a ****** ** ******.

*** ********* ** **** ************ *** plans **** ****** ** *** ******* side:

**'** *** ******** ********** ****** ******** such ** *** ***** *********, *** Max *** ******** **** ****. *** shortly, **'** ** ********* *** ****** Doorbell ** *** ********* ** ******** with ******** ********* *******, ********* * refreshed *** ****** ** ***** ****.

ADT ***** **********

***** ********* ** *** ****** ******* in ****, *** *** *** **** able ** ***** *** ** ******** from *** ******* ****** *****, ** the ***** ***** *****:

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******* ** ****, *** ******* *** the ******* **** ** *** **** the ****** *********** ***** *** *** much ****** ***** *** ********** ***** can ****.

Comments (8)

Undisclosed Manufacturer #1

08/06/21 03:04pm

**** **** ** * ******* **** for ***. ** *** ****** *********** advances ****** *** *** ** ******* products *** ********** ***** ***** ** a *** ** **** *** ******. #LongADT

Agree
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Funny: 1

Lee Jones

Support Services Group
In reply to Undisclosed Manufacturer #1 | 08/10/21 04:36pm

****** ** ******* * **** **** at *** **** *** ******. ** believe **** *** *** ****** ** antique ******* ** * **** ********.

Agree
Disagree: 1
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Logan Wann

08/06/21 08:17pm

******’* ****** ** * ******(*******) *******. With *** *** *** ***** ****’** had **** **** **** **** ******** and **** **’* ** ****** **** dropped. ********* *** ******* ***** ***** the ******** ** ***** **** **** contracts *** *** ********* **** ***** will ********.

*** **** ** ******** ******(****** ******) will *** *** **** ** ** end.

Agree
Disagree: 1
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Funny

Lee Jones

Support Services Group
08/07/21 05:19am

* ** *** ** ********** ************, so ****** ********.

*********.... **% ** *** ******* ** from "************" *********, *** ***/ ********* Monthly *******. **** ********* ******, **** years ** ********* ******* *** ** clawed ****. *** ******** **** ********* is *** ********, **** ****** *********** "revenue *********". **** ********* ** ********* at ***** **%, **** ****** **** industry ****. ** *** ****, *** could ** ******** *** **** *****, considering *** ******** ** ************ ********* still ** ******** **** **** ** no **** ********, ***** ** * strong ********* *** *********.

Agree
Disagree: 1
Informative
Unhelpful
Funny

Undisclosed Integrator #2

08/10/21 03:24pm

*****'* *** **** ********* **** **** year, **** *** ******* **** **** to?

Agree
Disagree
Informative
Unhelpful
Funny

MICHAEL Holland

IPVMU Certified | In reply to Undisclosed Integrator #2 | 08/11/21 04:53am

*** *** * ****** ** **** the ****** **** ********** *** *** purchased *** *** ****** *****. ****** out *** *** ****** ********** *** Putting *** ** ****** ********** ** charged *** * **** ****. ************* the ***** *** ******* *** ***. 9 ****** ** *** * *** fire ****** *********. ******'* *** *** local ********* ******* ** ****** ***** or *** * **** *** ** find * ****** *** ***** ** complete *** ***. ** **** *** main ****** ***** **** ** ******'* pay *** $*** ***** *** *** was ******** ** *** *** ******, and ** ***** **** * ****** of ******** ***** **** *** ******** over ******** ********** ****** ** *** done. **, ***, *** ***** ******* got ********. **** ** ***. ****** the ******, * ***** ****** **** than * ****** **** ******* ******** service. *****, ** **** ** ******* to *** *** ****** *** ** test *** * **** **** *************.

Agree
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Informative
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Funny

Undisclosed #3

IPVMU Certified | In reply to MICHAEL Holland | 08/11/21 07:49am

**, ******** ****.

*** ***

****** *** ****** [**** ** *** just ***], * ***** ****** **** than * ****** **** ******* ******** service.

*** *** ************ ****** **** **

************* *** ***** *** ******* *** out.

** **** ** *** **** *** the ******* *** ****, *** ***** the ******, **** ****** *** ******* of ** ****, ** ***** *******

**** ** ***.

** *** *** ** ****** **** them **** **** **** *** **?

Agree
Disagree
Informative
Unhelpful
Funny

MICHAEL Holland

IPVMU Certified | In reply to Undisclosed #3 | 10/11/21 09:24pm

** *** *** *** ****** ********** team. *** *** ***** ****** ***** office ***** ** ******** ******** ******* at $*** *** ****. *** ******* says **** **'* ****. *'* ******* out ** **** ** ** ******* fire ****** ******** *******.

Agree
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Informative
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Funny
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