Diversified Security Solutions’ Q1 Up 16% From 2002
SADDLE BROOK, N.J.
Diversified Security Solutions Inc. reports a 16-percent increase in its first-quarter results compared to the same quarter last year, due to three acquisitions it made in 2002.
Sales for the quarter ended March 31 were $3.7 million; the company reported $3.2 million for the same quarter a year ago. It reports a net loss of $663,000, or 13 cents per share, on more than 5 million outstanding shares.
James Henry, Diversified’s CEO, says the company has invested capital to maintain and hire additional, highly-skilled security professionals necessary to support new and existing contracts. “Across the board, management is focused on returning to profitability through increasing sales, consolidating operations, and reducing overhead.”
Diversified Security Solutions is a turnkey provider of technology-based integrated electronic security solutions.
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.
A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!