Monitoring Firm Reports Stock Loss of 4 Cents Per Share
ALBANY, N.Y.
Integrated Alarm Services Group’s (IASG) stock fell after
the alarm monitoring company posted a first-quarter loss
that doubled Wall Street’s initial forecast. Down $3.08 or
39 percent, shares traded on the NASDAQ Stock Market at
$4.77. Shares were at a high of $12.50 April 12, and a low
of $6.95 Nov.19, 2003.
The company reported a loss of 4 cents a share and acquired
8,000 alarm monitoring contracts in the period vs. the
20,000 it anticipated.
Founded in 1985 as King Central, IASG monitors
approximately 410,000 alarm systems for about 5,000
independent alarm dealers through centers in California,
Minnesota and New Jersey.
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