ADT Reports Q4 Net Loss as Total Revenue Improves 7%

ADT Reports Q4 Net Loss as Total Revenue Improves 7% | #TpromoCom #ADT #Financial #Business | The net loss was attributed to the prior year’s income tax benefit, plus a goodwill impairment loss due to underperformance of ADT’s Canadian business.

BOCA RATON, Fla. — ADT (NYSE: ADT) reported a fourth-quarter loss of $149 million late on Monday, compared to net income of $638 million. For the full year, the company reported a net loss of $609 million, or 81 cents a share, compared to net income of $343 million, or 53 cents a share.

ADT’s shares fell more than 10% in after-hours trading Monday. Shares had been gaining 2.7% during regular trading hours ahead of the quarterly results announcement.

For its fourth quarter ending Dec. 31, ADTreported total revenue of $1.19 billion, a 7% increase from the same period a year ago or $80 million year-over-year. This includes incremental revenue associated with acquisitions.

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Jason Calacanis says ADT the Loser With Ring – Amazon Deal

Jason Calacanis says ADT the Loser With Ring – Amazon Deal | #TpromoCom #Amazon #Riing #ADT | Amazon announced Tuesday it was buying the smart doorbell maker. The deal is worth a reported $1 billion and could help the company jump an important hurdle in its Amazon Key delivery business.

“Jason Calacanis claims that the Amazon Ring deal is a knee buster for ADT from a financial standpoint and he cites the ‘thousands of dollars’ and ‘$100 a month’ fees charged by ADT as why people ‘hate that company.’ The truth of the matter is, ADT installs residential systems for next to nothing and they subsidize it with a monthly that might be a bit higher than traditional alarm companies, but certainly is not $100 a month out of the gate,” says Al Colombo, a 30-plus trade publication journalist. “You be the judge in this story and I’m opening up the comment section on this news item for you to voice your opinions, or send an email to allan@tpromo.com.”

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CNBC

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Low Voltage Electrician – Service Tech

Low Voltage Electrician – Service Tech | #TpromoCom #technician #job #lowvoltage | LOW VOLTAGE ELECTRICIAN LICENSE REQUIRED (Class D or higher) . $35 to $40 per hour – Permanent Position – Inside Work – Full Time

An exciting opportunity now exists to join DEFENDERS, the only ADT-Authorized Premiere Provider for home security systems. To read more about this employment opportunity, click here.

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ADT to go public again

ADT to go public again | #TpromoCom #ADT #business #security | ADT, the global home security company acquired by Apollo Global in 2016, has filed for an IPO with the US Securities and Exchange Commission (SEC) to go back to publicly traded markets.

The company filed the relevant forms on 21st December, and although the initial expense is estimated at $100 million it has been stated that this is purely an estimate and may change in later variations.  It is reported by Bloomberg and WSJ that Apollo Global will retain control of the company, indicating that it will retain at least 50% of the shareholding. To read the remainder of this news story, click  here.

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ADT Security Alarm Technician (South Bend, IN)

ADT Security Alarm Technician (South Bend, IN) | #TpromoCom #ADT #alarm #technician #job | Our ADT Security Alarm Technicians successfully install ADT Security systems in the homes and offices of our customers. You will meet with customers and act as a consultant, guiding them to select the best solution to their security needs. Once the customer has selected their security solution, you will also install the ADT equipment and setup monitoring service. To read the remainder of this job offer, click here.

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