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.
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Testimonials
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The installer (BJ) was very knowledgeable and courteous. I appreciate that very much.
-Randy, OH -
Impressed with response time of Central Station..all the noise and sirens scare me and I'm the homeowner!
-Patricia, ON -
Installer was very knowledgeable, helpful and polite. Very satisfied with all aspects of service!
-Glenn, BC -
We have used your services for over 4 years now and we have always received excellent responses as well as superb service. We are extremely pleased with your service.
-Brian, BC -
Installer Trevor was excellent. A good representative of AlarmForce. Both knowledgeable and helpful. Answered all my questions. Thank you!
-Gerald, AB -
Outstanding program - state of the art technology. Well done.
-Charles, AB -
We find the system very user friendly! We really like the simplicity.
-David, AB -
I am very happy with the service Matthew Marshall provided. He was fast, efficient and explained what he had done clearly and demonstrated the system well. I love the bigger keypad.
-Hazel, ON
