Commercial Services and Supplies
Company Overview of Monitronics International, Inc.
Monitronics International, Inc., together with its subsidiaries, provides security alarm monitoring and related services to residential and business subscribers in the United States and parts of Canada. It monitors signals arising from burglaries, fires, and other events through security systems installed by independent dealers at subscribers' premises. The company’s products include home security monitoring and alarm systems, personal medical alert systems, monitored smoke and fire alarm systems, and carbon monoxide detector monitoring systems, as well as business security systems and multi-site business security. It serves approximately 700,000 residential customers and commercial clients ...
2350 Valley View Lane
Dallas, TX 75234
Founded in 1994
Key Executives for Monitronics International, Inc.
Chief Executive Officer and President
Vice President of Operations
Vice President of Security Services
Vice President of Customer Care
Compensation as of Fiscal Year 2013.
Monitronics International, Inc. Key Developments
Monitronics Mulls Acquisitions
Nov 28 13
Mike Haislip, President and Chief Executive Officer of Monitronics International, Inc. said, “We remain excited about the Security Networks acquisition and the opportunities ahead.”
Monitronics International, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013
Nov 12 13
Monitronics International, Inc. reported earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported net revenue of $115.8 million, an increase of 36.8% compared to $84.7 million for the three months ended September 30, 2012. Adjusted EBITDA was $77.6 million, an increase of 35.2% versus the three months ended September 30, 2012. The increase in adjusted EBITDA for the quarter is primarily due to revenue and subscriber growth at the company's driven by the acquisition of Security Networks, purchases through the company’s authorized dealer program and acquisitions of various bulk buys over the last twelve months. Net loss from continuing operations was $9.3 million.
For the nine months ended September 30, 2013 net revenue increased 27.4% to $318.3 million. The increase in net revenue for the three and nine months is attributable to the growth in the number of subscriber accounts and the increase in average RMR per subscriber. Adjusted EBITDA increased 27.1% to $217.5 million. Net loss from continuing operations was $7.4 million.
Monitronics International, Inc. Announces Exchange Offer for its 9.125% Senior Notes Due 2020
Nov 4 13
Monitronics International, Inc. announced that it is commencing an exchange offer for $175 million aggregate principal amount of its outstanding 9.125% Senior Notes due 2020 and related guarantees upon the terms and conditions, dated October 31, 2013, and in the accompanying letter of transmittal relating to the exchange offer. The exchange offer is being conducted in accordance with a registration rights agreement, dated July 17, 2013, entered into in connection with the issuance on July 17, 2013 by Monitronics of the Original Notes in a transaction exempt from registration under the Securities Act of 1933, as amended. Under the exchange offer, Monitronics is offering to exchange all of the Original Notes and related guarantees for a like principal amount of their 9.125% Senior Notes due 2020 and related guarantees that have been registered under the Securities Act. The terms of the Exchange Notes will be substantially identical to those of the Original Notes, except that the transfer restrictions and registration rights relating to the Original Notes will not apply to the Exchange Notes.
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