Ascent Capital Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2019
May 15, 2019 at 06:42 am EDT
Share
Ascent Capital Group, Inc. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced sales was USD 129.606 million compared to USD 133.753 million a year ago. Operating income was USD 18.027 million compared to USD 6.614 million a year ago. Net loss was USD 27.839 million compared to USD 30.838 million a year ago. Basic loss per share was USD 2.24 compared to USD 2.51 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.