QualityStocks would like to highlight SecureAlert (OTCBB: SCRA), a leading international provider of reliable electronic monitoring solutions, case management, and services widely utilized by law enforcement agencies worldwide. SecureAlert offers real-time intervention services and innovative technologies to observe and track offenders wherever they may be: In their car, home or office. The company delivers highly reliable intervention technologies and peace-of-mind through programs which allow probationers and paroled offenders to re-enter society by electronically monitoring them 24 hours a day, for enhanced public safety, while reducing the overall burdens and costs carried by the criminal justice and corrections systems.
In the company’s news yesterday, SecureAlert announced record monitoring revenue results for the first fiscal quarter. “Monitoring revenues continue to show strength at record levels, which are a key indicator of the overall health and progress of SecureAlert,” John L. Hastings, III, CEO of SecureAlert stated in the press release. “Importantly, we are evermore committed to achieving sustainable profitability, while leveraging our core competencies in the rapidly expanding global markets.”
For the first fiscal quarter ended Dec. 31, 2011, SecureAlert reported revenues of $5.5 million, a 51 percent increase compared to revenues of $3.6 million reported for the comparable three months of 2010.
Of these revenues, $4.2 million and $3.4 million were derived from monitoring services for the three months ended Dec. 31, 2011, and 2010, respectively, representing a 25 percent increase.
Fiscal first quarter 2011 product revenues increased 393 percent to $1.2 million compared to $256,614 reported for the three months ended Dec. 31, 2010.
Gross profit margins for the three months ended Dec. 31, 2011, and 2010 remained flat at 49 percent of revenues for both reported periods.
SecureAlert reported a net loss of $1.6 million, a 22 percent increase compared to $2.0 million for the three months ended Dec. 31, 2010.
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Forward-Looking Statement:
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