ADT Inc. is a provider of security, interactive, and smart home automation solutions primarily serving residential and small business customers in the United States. The company offers monitored intrusion detection, fire detection, video surveillance, and access control systems. Distinctively, ADT operates a highly recurring revenue model through its professional monitoring services and has strategic partnerships with companies like Google and State Farm to integrate smart home technologies and insurance offerings.
No single-customer concentration. ADT serves residential and small business customers in the U.S., and its 10-K states that concentration of credit risk associated with the majority of the company's receivables from customers is limited due to the significant size of the customer base.