QualityStocks would like to highlight SecureAlert, Inc. (OTCBB: SCRA). SecureAlert is 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.
In the company’s news yesterday,
SecureAlert Inc. posted record revenues for the fiscal year ended September 30, 2011.
SecureAlert reported 2011 annual revenues of $17.96 million, a 44 percent increase compared to $12.45 million reported for fiscal 2010. The company attributes the increase to its aggressive and successful expansion into global markets, which generated significant growth of monitoring revenues and related services. Domestic revenues increased 17 percent over the previous year.
The company also reported gross profit at 44 percent for fiscal 2011, an increase over gross profit of 39 percent reported for fiscal 2010. The increase reflects a four-year improvement realized through cost reductions and attracting quality clientele. Gross profit margin for the three months ended September 30, 2011, excluding impairment of equipment and parts, was 47 percent.
SecureAlert reported a net loss of $9.85 million for fiscal 2011 compared to a net loss of $13.91 million for the same period of 2010. This company attributes this 29 percent reduction in net loss primarily due to improvement in gross profit combined with a reduction of interest expense and other financing costs.
“These improved results reflect an unwavering commitment not only to drive toward profitability, but also to deliver the highest public-safety standards and real-time intervention solutions available anywhere in the global offender tracking and monitoring marketplace today,” John L. Hastings III, president and CEO of SecureAlert stated in the press release. “We continue to deliver unmatched worldwide and world class tracking and intervention technologies, investing in and expanding our Patent Portfolio, while delivering both enhanced customer and shareholder value.”
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Forward-Looking Statement:
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