ADT Stock Drops After Announcing Loss And Amazon Delay

By: Dan Gelinas, Published on Mar 12, 2019

ADT's stock price dropped significantly after reporting heavy losses and delays in its Amazon partnership, as seen in the screenshot below:

In this note, based on our analysis of the earnings call we look at:

  • ADT stock down to Dec. 2018 levels
  • Losses from LifeShield and ADT Canada
  • Amazon partnership not ready
  • Commerical Re-expansion Tenet
  • Outlook

Amazon *********** *******

*** *** ********** ****** as * *******, ****** many **** **** ****** will ****** ***'* ******* competitor (*.*., ******* $** ******* ************ monitored ******** ******).

*** *** *** ******* noted ** *** ******** call [**** ** ****** available] **** *** ********** partnership **** ****** *** delayed:

*****, ******* **** ***** was ** ****** **** in ***** ***** *** partnership *** *** *****:

*******, ******* ******** ***** would **** **** ****** if *** ******** ****** on *** ******** ** 2019, ** **** ** the ********** *****:

***** **** ** ** already ***** **** *** that **** **** ** date *** *** ******, the **** ** ******** impact ** **** ** obvious. *** ****** ******** becomes ****, ** ***, positive ************ **** ****** make ** **** ** they ******** ** ******* their *** *********** ********.

ADT ******

*** **** *** ******** but *** ****** ** the **** *** ***, as *** ********* ** the ************:

*** ******* ******** * net **** ** $*** million, ******** ** ***** year’s *** ****** ** $638 *******.  *** ******** in *** **** *** primarily *** ** *** prior ****’* ****** *** benefit ** $*** ******* related ** *** ****** and * ******** ********** loss ** $** ******* in **** *** ** underperformance ** *** ******** business.

*** ********* *** *** is **** ***** *** core *********** ****** ** facing ********* *********** **** limits ***** ***** *********** growth, ********* **** ** see ******** *******.

******* ********** ***** ********* about ****** **** ***'********* ******** ********** *** ******* *** **** losses ******** **** *** "underperformance" ** *** ******** division ** **** ** the *********** *****:

********* ** ****** **** LifeShield:

********* ** *** ******:

Commerical **-*********

** *** ******** ****, ADT ********** ***** ********** re-expansion ** * **** tenet ** ***** ********:

********* *** ******** ****** our *********** **** ********, as ** ********* ******* into *** ********** ******... **** deeper *********** **** ******* some ********** *********** **** the **** ** ** 18 ******, ***** **** will ******** ** * few *******.

*** ******* ************* *** **** ****:

**’** ** *** ***** of * *****-**** ********** expansion, ***** ******** ** exceptional ********* ** ******** with *** *********** ** Red ****, *** ** the **** ********* ***** independent ********** *******. ***** Red ****’* ******* ******** in **********, ****, **** safety *** ******** ********, this *********** ************* ******* our ********** ******** ** terms ** *** ******* portfolio, *** ********** ***** and *** ********** ******** service ************.

****** * *** ******** in ********** ******** ****** by ************: 

*** ************ *** ***** revenue *** ** **% during *** ****** *******, driven ** ********* ** our ********** ********, **** organically *** ******* ****** acquisitions.

 

******, *** **** ********** integration **** ** * key ****** ** ******* growth:

** ***** ** *** specific ******** *** ****, we ****** ********* ** continue ** ******* *** full-year ******** ** ** in * ***** ** $4.9 ******* ** $*.* billion, ***** ******* *** growth **** ** *% to **%, ********* ** the ****-**** ******* ** Red ****.

*** *** **** ****** is ********* ****** ******* by ********* ** ************ revenue ** *** ********** business, ***** **** ********* in ********** *** ******** revenue ** *** **** business.

**** ** **********, ***** the ********** ***** ** the *********** ******.

Comments (3)

...********* *** ******** ****** our *********** **** ********, as ** ********* ******* into *** ********** ******... 

*** **** *’* **** to **** ******* *** “We’re ******* *** ** commercial *** ***** **** residential.” ;)

***** **** ********* **** learned ***** *** *********** issues **** ******* *** financial ******. ** ***** want ** *** *** raw ****** ** ********/**** cancellations *** *** ******* lost *******. ** **** help ** ******* **** of *** ************ **********.

***/****** ***** ***** ***** dropping…. ****** ***** *.**.** @ $*.**.
** ******** ***….? ** Apollo ******* **** ******* for *** ***** ****; or *** ********** *** long ****? **** **** to **** ********* *******. As *** ****, ** goes *** *********** ********….. just **** ***** *** Digital ***** ********. **** and **** ** *** worth *** ********* ** career **** *** ** stake. ****: *****/*********** ***** “penny” *****, **** **** $88 ******* ***** ***.
******: *** *****; ******* Services *****

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