Protection One Inc. reported that its third quarter revenues for 2005 had actually decreased from $67.5 million for the same period a year ago to $65.6 million, despite a 13-percent increase in retail recurring monthly revenues (RMR). The company also reported that its third quarter 2005 monitoring and related services revenues decreased 1.3 percent from $62.3 million for the same period a year ago to $61.5 million.
According to a statement issued by Richard Ginsburg, president and CEO of Protection One, Hurricane Katrina was partially to blame for the decrease in monitoring and related services revenues because it affected the company’s New Orleans operations. The disruption subsequently resulted in the suspension of billing on approximately $100,000 of RMR during the month of September, thus reducing revenues for the quarter by that amount.
Protection One provides monitoring and related security services to more than one million residential and commercial customers.
