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Home > Investor Relations > Financial Information

Financial Information

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.

	Contents President’s Message Management’s Report Auditors’ Report Balance Sheet Statements of Retained Earnings Statements of Income Statements of Cash Flows Notes To Financial Statements Management Discussion & Analysis Corporate Information

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