Vivint/APX 2014 financial woes

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Ever wonder why Vivint seems to 'accidently' over charge its customers, or continue to 'accidently' bill customers who have previously canceled their services? Why it is near impossible to cancel services, or why Vivint engages in allegedly shady business practices to obtain new accounts?

It may be because Vivint is running in a deficit...as of March, 2014 (first quarter 2014) Vivint/APX Holdings Group was running at a net loss of -$47,000,000, and depleting cash reserves.

First Quarter 2014 Financial Reports for Blackstone's APX Group Holdings which is the parent company of Vivint (Source) Vivint Investors.

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Q2 2014 is out..
http://www.cnbc.com/id/101900395

Total revenues were $134 mil, total expenses and costs were $164 mil

Summary of Vivint/APX Group Holdings 2012-2014

Vivint/APX Group Holdings in 2014 reporting a multi million dollar loss...Q2 Total revenues were $134 mil, total expenses and costs were $164 mil...Q1 Total revenues were $130 mil, total expenses and costs were $142 mil

2013 Vivint/ APX Group Holdings operated at a multimillion dollar loss for all quarters... Total year end revenues $500 mil, total year end expenses and costs $555 mil

2012 Vivint/APX Group Holdings operated at a multimillion dollar loss for all quarters... Total year end revenues $455 mil, total year end expenses and costs $526 mil