Investor Relations
AlarmForce Industries Inc. 2007 Annual Report
AlarmForce Industries Inc. is a Canadian-based company that manufactures, installs and monitors burglar alarm systems that incorporate two-way voice technology. The company’s proven marketing strategy and competitive pricing have made it a brand name throughout Canada and it is quickly gaining recognition in selective US markets.
AlarmForce is traded on The Toronto Stock Exchange under the symbol AF.
Revenues in 2007 surpassed the $25 million mark, which represents a record annual increase of $4,171,000 from 2006, up 20%.
Subscribers increased to over 79,000 monitored accounts, up by 20% which is the largest net increase in the Company’s account size ever recorded.
Gross Profit increased by 22% to $20,006,000, representing 80% of Revenue in 2007.
Financial Highlights
| October 31 | 2007 | 2006 | 2005 |
| Subscriber base | 79,200 | 66,300 | 57,000 |
| $ | $ | $ | |
| Operations: | |||
| Total revenue | 25,136,125 | 20,964,877 | 17,227,494 |
| Gross margins | 20,005,802 | 16,458,835 | 13,538,797 |
| EBITDA** | 4,747,901 | 5,217,159 | 4,370,324 |
| Income before income taxes | 2,105,091 | 2,509,697 | 1,290,562 |
| Net income | 1,280,172 | 1,492,336 | 810,214 |
| Cash flow from operations | 2,737,038 | 4,945,232 | 3,518,787 |
| Earnings per share | 0.11 | 0.12 | 0.07 |
| Diluted earnings per share | 0.11 | 0.12 | 0.07 |
| Diluted EBITDA per share | 0.39 | 0.43 | 0.37 |
| Financial position: | |||
| Total assets | 25,251,571 | 23,880,550 | 20,389,283 |
| Shareholders’ equity | 16,839,675 | 15,521,703 | 13,678,912 |
| Debt/equity ratio** | 0.10 | 0.08 | 0.07 |
| Debt*** per subscriber account | 22 | 19 | 14 |
