SecureAlert Inc., a national leader in offender intervention and tracking technologies for law enforcement agencies worldwide, today 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.”
For more information visit www.securealert.com
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