NRG / Vivint Q1 2023 Financials Analyzed
NRG's acquisition of Vivint is complete and now NRG taking control of the much-maligned residential security provider that earlier this year lost a $190 million judgment to rival CPI.
***, **** *** ** **** ******* of ******, *** ******* *** ** plans ** *** ****** *** *** it ******* ** ******** $*** ******* in ****** ********* **** ******* ******.
***'* ***** ******* ******* **** **** originally ********* *** **** * ****** ago *** *** *** *********, ** the ***** ***** *****:
*******, ** *** *** ******* *** plan ** ******** *** ******, ****** could ** * ******** ***** *** the *******. ** *** ***** ****, NRG ********** ******* ******'* ******* ***** risks ********* *** $*** ******* *** judgment.
** *** ******** *******, ** ******* the ******* ** ***'* ****** ********* projections *** ***********.
Quarterly ******* *****
*** ********* **** "****** **** ********* by *% *** ******* ** **% compared ** *** **** ****** **** year." ** ********, **** ** ************* better ******* ***** ******** ****** *** ******** *** **** **** ******.
*** $*** ******* ** *********:
****** ********* ** $*** ******* **** be ******** ******* * ****** *** cross-sell, ****** ******* ****** *** ***** channel ************. ** *****, ** ****** $400 ******* ** ********* ********* ** be ******** **** *** **** ***** years. *** ******* *** *********** **** is *** ***** ******** *** ** led ** *** **** **** *********** for *** ************** **** *** *** direct ****** ***********.
**** ** ****** * **** ** Vivint's ****** ******* ** ~$*.* *******, which ******* ******* ******* **% ($*** million ** *** ** ~$*.* *******) over * *****.
*******, **** ** **** * *.*% revenue **** ***** ** *** ******** to ******'* ********** ******, ********** ********* in *** *****-******* ********* *** ******** they *** ******** ** ******.
***** **** ************ ****:
*** **** *** ********* ** *** "cost *********" ****** ** ****** **** includes **** ****** ** ****** *&* spending ********* *** ****** ** ****** is ************ **** ***.
** *** ******* ****, ** *** core ** *** **** ** ** cross **** ****** ** *** ******** customers *** **** *****:
*** **********:
****** ****** * ************* ******** **** expands *** ******** ******* ** ****** 40% *** **** ***** **** ********** and ************** ** ********** *** ********.
*** ****** ******* ******* ******* ***** Vivint's ********* ***********:
***** ** *** *** ********* **** Q1 ********* ******* *** ******, ** are **** ********** ** *** *******. On * ********** *****, *** ***** KPIs, ********* ************* *******, ****** ******** compared ** *** ***** ****. ** have ***** *********** ** *****-******* ********** and ******* **** **** ********* *** are ******** ** ** ******** ** planned.
******* **** ******* ** *** **** are ************ *** *****-******* *** *** future:
***** ** *** *** ********* **** Q1 ********* ******* *** ******, ** are **** ********** ** *** *******. On * ********** *****, *** ***** KPIs, ********* ************* *******, ****** ******** compared ** *** ***** ****. ** have ***** *********** ** *****-******* ********** and ******* **** **** ********* *** are ******** ** ** ******** ** planned.
Unaddressed - ***** ****** *** ************ *****
*** **** *********** **** ** *** for ***'* ********* ** ****** ** how *** ************ ***** ** *****-********** (*** ********* *******) ***** **** **** ***** ***'* ownership. *** $*** *** ******** *** a ****-** **** ** ********* **** Vivint's ******* *** **** ******* ********* downside. **** ** **** *** *********.
*******, ** ******* **** ***'* ******** conservative ******* ****** *********** ******* *** highly ********* ******* ******** ******'* ***** sales ******* *** ******* ** **** conventional ***** ********* ** *****-******* ** NRG's ******** ****. ** **** ** not, *** *** **** ****** **** a **** *********** ******** **** **** continued *******. **** ** **** ****** immediately, **** ***** **** ***** **** legal ****** **** ******'* ******* *** the **** ****** **** **** *** been ***** ***********.