Ascent Capital Group, Inc. Reports Earnings Results for the Full Year Ended December 31, 2018
April 02, 2019 at 03:01 am IST
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Ascent Capital Group, Inc. announced earnings results for the full year ended December 31, 2018. For the full year, the company announced sales was USD 540.358 million compared to USD 553.455 million a year ago. Operating loss was USD 505.863 million compared to operating Income of USD 41.510 million a year ago. Net loss was USD 698.044 million compared to USD 107.559 million a year ago. Basic loss per share from continuing operations was USD 56.54 compared to USD 8.83 a year ago. Basic loss per share was USD 56.54 compared to USD 8.82 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. 