ascent capital group inc-a (ASCMA) Snapshot

Ascent Capital Group, Inc. announced unaudited consolidated earnings results for the first quarter March 31, 2013. For the quarter, net revenue was $100,158,000 compared to $81,881,000 a year ago. The increase in the net revenue reflects growth of Monitronics, which makes up all of Ascent's revenue. The increase in Monitronics' net revenue was attributable to a 15.8% increase in the number of subscriber accounts to 818,335 driven by its ongoing account purchases from Monitronics authorized dealers and bulk purchases throughout the past 12 months. Also driving revenue growth for the quarter was a 5.3% increase in average RMR per subscriber to $39.74 as of March 31, 2013. The increase in adjusted EBITDA was primarily due to revenue growth at Monitronics, offset in part by higher operating and service costs at Monitronics. Operating income was $22,381,000 compared to $13,765,000 a year ago. Income from continuing operations before income taxes was $3,088,000 compared to loss from continuing operations before income taxes of $4,247,000 a year ago. Net income from continuing operations was $2,314,000 or $0.16 diluted per share compared to net loss from continuing operations of $4,930,000 or $0.35 diluted per share a year ago. Net income was $2,760,000 or $0.19 diluted per share compared to net loss of $5,214,000 or $0.37 diluted per share a year ago. Net cash provided by operating activities was $60,542,000 compared to $38,961,000 a year ago. Capital expenditures were $1,277,000 compared to $902,000 a year ago. Total adjusted EBITDA was $71,300,000 compared to $56,066,000 a year ago.

Ascent Capital Group, Inc. (NasdaqGS:ASCM.A) announced results for the three months ended March 31, 2013. Ascent Chairman and Chief Executive Officer, Bill Fitzgerald stated, "At the holding company level, we remain focused on acquisitions in the alarm monitoring and related security industry and are confident we will identify and execute on new opportunities that will drive attractive returns for our shareholders."

Ascent Capital Group, Inc., Q1 2013 Earnings Call, May 09, 2013