Financial Information
2005
| October 31 | 2005 | 2004 * | 2003* |
| Subscriber base | |||
| Operations: | 57,000 | 48,700 | 40,800 |
| Total revenue | 17,227,494 | 14,393,779 | 11,986,089 |
| Gross margins | 13,538,797 | 11,073,375 | 8,814,604 |
| EBITDA** | 4,370,374 | 3,050,140 | 2,564,780 |
| Income before income taxes | 1,290,563 | 804,232 | 835,828 |
| Net income | 810,214 | 303,600 | 706,297 |
| Cash flow from operations | 3,518,787 | 4,238,574 | 2,665,485 |
| Earnings per share | 0.07 | 0.03 | 0.08 |
| Diluted earnings per share | 0.07 | 0.03 | 0.07 |
| Diluted EBITDA per share | 0.37 | 0.28 | 0.26 |
| Financial position: | |||
| Total assets | 20,389,283 | 20,716,830 | 13,639,897 |
| Shareholders’ equity | 13,678,912 | 12,782,338 | 6,376,857 |
| Debt/equity ratio** | 0.06 | 0.17 | 0.98 |
| Debt*** per subscriber account | 14.29 | 45.41 | 152.96 |
* Restated **
EBITDA (Earnings before interest, income taxes, depreciation and amortization) is a key performance measure in the security industry and should not be interpreted as GAAP earnings.
*** Debt represents liabilities excluding non-refundable deferred revenue, net of cash and term deposits
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Testimonials
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Unfortunately at this point my girlfriend and I can only afford the bare minimum and so we live in one of the worst parts of the city in Calgary. Our neighborhood is full of drug deals, prostitution, stealing and constant fighting. We have a dog but even still we are so grateful to have Alarm Force. AlarmForce makes us feel safe and we know that if we are out of town our house will be protected. The system is easy to use and makes us feel better when we are not at home. Thanks AlarmForce!
-Stephen V - Calgary, AB -
I had a break in on March 29 and the two way voice scared off the intruder. I was an hour away from home when I was notified of the break in. When I arrived at my house the police were on site. The front door had been smashed in but nothing had been taken even though there was an expensive camera lying on a table quite near the door.
-Donald, ON -
As a child I remember being afraid of the dark. Even as an adult a scary movie or a bump in the night would set off that fear. I can avoid watching scary movies but i can not prevent a break in to my home...or can I? I have never felt so safe with an alarm system like AlarmForce. Not only do I arm my home during the day while at work, my home is armed while I am home alone and during the times where things go bump in the night. I sleep easy knowing that my home is armed. I would recommend Alarmforce to anyone the same way that got me on board with protecting my home. I have had alarm systems in past homes but nothing compares to having a live person monitoring your home when the alarm is triggered with a real threat or false alarm. I can honestly say I sleep better at night. Knowing that any intruder would see that my house is armed and know what they are up against is comfort in its own. I have no action packed glorified story...just a better nights sleep and a well secured protected home with AlarmForce. Thanks for everything.
-Laura T - Calgary, AB -
For the first time in history I am enjoying the comfort, peace, privacy, love and safety of my home through AlarmForce protection. Please keep the good work up!
-Lydia, ON -
"Why security systems? If we read the papers, local and otherwise, we unfortunately know the answer. Why AlarmForce? When I recently heard about my neighbor 6 doors down having THEIR door kicked in, I knew it was time for me to investigate security systems and providers. AlarmForce had been on my radar, as a friend had signed up with them. I happily joined "The Force" when I heard about the monthly price plus AlarmForce would work with my cell phone since I don't have a land line. My experience: Quick response a couple of times when my handman guy came by and was he surprised!!! When the day comes for real, whether at night sleeping or when I'm away from home, I know someone's watching my investment! Thanks!"
-Bob, Minneapolis, MN -
I am very happy with this service!
-Linda, AB -
"My last alarm system was only an audible alarm and not monitored. It did not thwart burglars from entering my home. I feel so much safer with AlarmForce personnel ready to respond to any trouble at my home. The AlarmForce representative was very thorough in understanding my needs and installation was easy! I would recommend AlarmForce to my friends and neighbors."
-Jill, Ham Lake, MN -
Very happy from first call to install. The people in the call department very helpful. New installer very good. Nothing but impressed.
-Bill, AB






