Ascent Capital Group, Inc. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2018
May 08, 2018 at 04:05 pm
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Ascent Capital Group, Inc. announced consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company's net revenue was $133,753,000 compared with $141,200,000 a year ago. Operating income was $6,614,000 compared with $9,211,000 a year ago. Loss from continuing operations before income taxes was $29,492,000 compared with $17,131,000 a year ago. Net loss from continuing operations was $30,838,000 or $2.51 per basic and diluted share compared with $18,945,000 or $1.56 per basic and diluted share a year ago. Net loss was $30,838,000 or $2.51 per basic and diluted share compared with $18,853,000 or $1.55 per basic and diluted share a year ago. Net cash provided by operating activities was $47,954,000 compared with $45,997,000 a year ago. Capital expenditures were $3,310,000 compared with $1,693,000 a year ago. Adjusted EBITDA was $68,869,000 compared with $80,000,000 a year ago.
Ascent Capital Group, Inc. is a holding company. The Company's subsidiaries include Monitronics International, Inc. (MONI) and LiveWatch Security, LLC (LiveWatch). The Company's segments include MONI, LiveWatch and Other Activities. The MONI segment is primarily engaged in the business of providing security alarm monitoring services: monitoring signals arising from burglaries, fires, medical alerts and other events through security systems at subscribers' premises, as well as providing customer service and technical support. LiveWatch is a do-it-yourself home security provider offering professionally monitored security services through a direct-to-consumer sales channel. LiveWatch offers a differentiated go-to-market strategy through direct response television, Internet and radio advertising. When a customer initiates the process to obtain monitoring services, LiveWatch pre-configures the alarm monitoring system based on customer specifications.
ASCENT CAPITAL GROUP, INC. 
