Tag: Jeff Likosar
ADT navigates pressures in Q3, remains confident about 2025 outlook
November 5, 2025Ken Showers, Managing Editor
BOCA RATON, Fla. — ADT entered the second half of 2025 with 4% total revenue growth, amid a slight dip in recurring monthly revenue (RMR), but the company remains confident in the strength of its growing, loyal customer base, officials say.
ADT CEO Jim DeVries attributed the dip in RMR and new subscribers to a smaller bulk account purchase in the quarter (15,000 accounts vs. 45,000 accounts) and cautious consumer sentiment.
“We have some bulk in the pipeline,”...
Inside ADT’s $89M subscriber purchase: High-density, planned attrition, strong returns
August 1, 2025Ken Showers, Managing Editor
BOCA RATON, Fla. — ADT’s bulk customer portfolio acquisition of 50,000 subscribers for $89 million during the second quarter helped to boost the company’s recurring monthly revenue (RMR) 2% to $363 million year over year.
The company’s customer retention rate also improved slightly from the previous quarter and decreased only one-tenth of a percent from the previous year.
“This includes further expansion of our ADT Plus to a larger percentage of our...
ADT Q3 paves the way forward through account acquisition and valuable partnerships
October 31, 2024Ken Showers, Managing Editor
BOCA RATON, Fla. — In spite of challenging market conditions ADT has shown admirable financial growth in the third quarter thanks to bulk account acquisition and partnerships with other major platforms.
“I'm pleased to report that ADT is continuing to deliver on our 2024 objectives and as we closeout the year, we're well positioned to deliver the full year financial guidance,” ADT CEO Jim DeVries told investors during a webcast.
He added, “In addition to...
ADT highlights new platform, relationship with Google
April 30, 2024Ken Showers, Managing Editor
BOCA RATON, Fla. – ADT’s refocus on its core consumer security and smart home business has paid off, with a strong start to 2024, company officials said.
The company reported total revenue of $1.2 billion for the First Quarter (Q1), with end-of-period recurring monthly revenue (RMR) up 3% to $353 million ($4.2 billion on an annualized basis). Consumer and Small Business (CSB) revenue was up 5% and segment Adjusted EBITDA was up 8%. The company also reported strong customer retention,...
Ken Porpora departs ADT as CFO
January 5, 2024SSN Staff
BOCA RATON, Fla. – ADT’s Ken Porpora, executive vice president and chief financial officer (CFO), has stepped down from his role to become the chief executive officer of a privately held HVAC and plumbing services provider as of the beginning of January.
ADT made the announcement of Porpora’s departure in late December. For now, Jeff Likosar, president, corporate development and chief transformation officer, will serve as the interim CFO. Likosar previously served as the company’s...
ADT reports second-quarter results
August 4, 2022Ken Showers, Managing Editor
BOCA RATON, Fla.—Smart home and small business security provider ADT released its second-quarter results today during an earnings call, with strong growth indicators and optimism for the third and fourth quarters.
The tone of the call was positive focusing on yearly gains and a positive look at financial outcomes for the rest of 2022.
“We delivered what I believe is our best quarter ever at ADT,” said ADT President and CEO Jim DeVries. A snapshot of the financials shows a...
ADT announces executive leadership changes, Q1 results
May 5, 2021SSN Staff
BOCA RATON, Fla.—ADT Inc. announced several changes to its leadership, starting with the retirement of Jim Boyce, president, chief business development officer, effective May 31, 2021. The company also announced its Q1 financial results, showing continued recovery and growth and the commercial side of the business.
Leadership Changes
The company is grateful for Boyce’s leadership, wisdom and dedication, and for his many contributions as CEO of Defenders and its successful integration...
How I Use My System: Jeff Likosar
July 13, 2017Spencer Ives
Jeff Likosar, ADT's CFO, entered his role—and the industry—last October. Previously he worked in a variety of industries, including industrial manufacturing and technology spaces. Likosar talked with Security Systems News in early July about his security system. Specifically, he likes the ability to access his system from the ADT Pulse app on his phone.What kind of system do you have?It's, of course, an ADT-based interactive system. It includes door and window contacts throughout the...