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 |
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Testimonials
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I am extremely satisfied when I am away and when I am at home. Your company goes the extra mile.
-Margaret, BC -
Your technician was very professional. After he was finished, I knew I made the right choice.
-John, OH -
Not long ago our alarm went off for the first time in 2 years. We were very impressed by the way your team handled the call. Very prompt and professional. What a small amount to pay each month for peace of mind.
-Paul & Anita, BC -
Our house alarm system was just installed yesterday and you have no idea how peaceful our mind is knowing that AlarmForce is watching us and our house at night and when we are away. I commend your professionalism and efficiency on answering my questions and concerns. I certainly commend Gary who is very thorough with the installation. Not only thorough but efficient as well. He arrived 30mins before the schedule appointment time; thus, maximizing my day more. Thank you very much and I will surely recommend you to my friends who are looking for a good home security system and at the same time being affordable too. Not only that, I talked to my wife last night about the system and your company and she agrees to have the next house that we will be buying be installed with AlarmForce. Your company sure knows how to build a lasting relationship.
-Arnel, BC -
AlarmForce provides the exceptional services. I made a couple mistakes for false alarm. They responded in really professional way. Plus the two way communication technology is great. We feel much safer now when we got AlarmForce.
-Peng Z. - Calgary, AB -
I feel very comfortable with your alarm system. When testing and the alarm has gone off, they phone right away. My other alarm company waited 2-3 minutes before they phoned. I'm alone a lot and lot at night and feel very secure with AlarmForce. Thank you.
-Rod, AB -
We have always been impressed with every contact we have had with AlarmForce representatives. Thank you to all.
-Clark, GA -
I just changed my batteries for the first time and I had to call the customer care department to make sure everything was ok and they were very helpful.
-Paula, BC
