Integrated Alarm Services Group Inc. (IASG) announced that its revenue for the third quarter of fiscal year 2005 totaled $24.5 million, a 12-percent increase compared to the $21.9 million reported for the same period last year.
IASG also announced, however, that its third quarter net losses for 2005 increased from last year’s $2.1 million to $5.4 million this year. IASG Chairman and CEO Timothy McGinn said in a statement that the company’s excessive personnel turnover at its Las Vegas customer retention call center was partly to blame for the disappointing third quarter attrition.
McGinn added that IASG’s poor attrition performance may overshadow the progress the company made on other fronts, including an approximate $1.6 million decrease from the second quarter in general and administrative expenses.
IASG provides total integrated solutions to independent security alarm dealers throughout the United States to assist them in serving the residential and commercial security alarm market.
