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Ascent Capital Group, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2019 10-Q, filed Aug 7, 2019. Its latest SEC filing is a SC 13G/A from Feb 14, 2020.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Provides monitored home and business security, interactive services, and home automation to residential customers and commercial accounts.

How Did They Make Money?

Subscribers pay fees under monitoring agreements for alarm monitoring and related interactive services; equipment and installation sales bring in revenue when equipment ships and installation is provided. Other security companies pay for wholesale monitoring as the service is provided.

revenue

Who Were Their Customers?

Residential homeowners and small commercial accounts subscribe to monitoring services. Customers come through direct-to-consumer online and phone sales or authorized dealers, who sell and install systems; the company also acquires monitoring accounts from other alarm companies.

Did Revenues Turn Into Profits?

No. It lost $698M in .

Operating income,
−94% of revenue
▼ Now a loss vs ($41.5M, 8%)
Net income,
−129% of revenue
▲ +549% (Loss) vs (−$107.6M, −19%)

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q2 FY2019, the three months to Jun 30, 2019
Revenue
▼ −5%
vs $135M in Q2 FY2018
Net income
▲ Now profitable
vs −$244.4M in Q2 FY2018
  • Sep 6, 2019 Ascent merged with Monitronics after its Chapter 11 emergence Ascent shareholders received Monitronics shares in the merger.
  • Aug 13, 2019 Monitronics filed for Chapter 11; court confirmed its reorganization plan

Held flat. Revenue was $540.4M in , about the same as the $539.4M of .

Unified customer brand The latest report says the business operates under the Brinks Home Security brand, integrating Monitronics and LiveWatch, which the older report described as distinct businesses.

Who Did They Compete With?

Competes with ADT, Vivint, Guardian Protection Services, Vector Security, Comcast, SimpliSafe, Ring, and Central Security Group

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