IASG Reports Drop in Earnings in First Quarter 2006
ALBANY, N.Y. — First quarter results for Integrated Alarm Services Group Inc. (IASG) were $24.1 million, down 1 percent compared to the same period in 2005 and down 6 percent from the fourth quarter. As of the first quarter ended March 31, net loss was reported to be $3.5 million, or 14 cents per share, compared to a net loss of $2.6 million, or 10 cents per share in the first quarter of 2005, along with a net loss of $8 million, or 32 cents per share, in fourth quarter 2005.
According to IASG, achievements included an annualized first quarter attrition of 10.6 percent, which was a 30-percent drop from the 15.3 percent in fourth quarter 2005. There also was a margin of 60.9 percent in the first quarter, which was a 13-percent improvement vs. the 53.7 percent recorded last year.
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