Profit jump for AlarmForce

Article Excerpt

ALARMFORCE INDUSTRIES $5.46 (Toronto symbol AF: SI Rating: Speculative) (1-800-267-2001; www.alarmforce.com; Shares outstanding: 12.2 million; Market cap: $66.7 million) made $0.12 a share in the three months ended July 31, 2009. That’s up 140.0% from $0.05 a share a year earlier. The home security firm’s revenue rose 12.5%, to $8.5 million from $7.6 million. AlarmForce mainly attracts new customers by aggressively promoting itself through radio and TV advertising. In the U.S., subscriptions jumped 54.4%, to 12,200 from 7,900 a year earlier. Canadian subscriptions rose 8.7%, to 86,500 from 79,600. In all, the company had 98,700 subscribers at the end of the most recent quarter, up 12.8% from 87,500 a year earlier. AlarmForce is still a buy. buy…