Financial Information
AlarmForce Industries Inc. 2005 Annual Report
Contents
AlarmForce Industries Inc. is the leading installer of two-way voice home alarms, delivering advanced home security systems at an affordable price. Strategies for success include a focus on excellent customer service, strong branding and user friendly technology. Our mission is to promote our alarm monitoring brand in new markets and deliver affordable security system to the residential consumer while continuing to provide value to our shareholders.
Financial Highlights
- AlarmForce achieved the highest growth in the Company’s seventeen year history, up by 16.4% from the record achieved last year.
- Subscriber account base continued to expand organically with total new installations of 13,400 subscriber accounts, bringing total monitored accounts to over 57,000.
- Net income increased to $810,214 from $303,600 which is an increase of 167%.
- Revenue increased to $17,227,000 from $14,393,000 representing an increase of 20%.
- Cash flows from operating activities excluding working capital increased to $3,206,000 from $2,610,000 which is an increase of 23%.
- The company’s debt to equity ratio decreased significantly, going from 0.14 to 0.07.
