SAI ANNOUNCES LOSS OF $1.3M, OR 17 CENTS PER SHARE, IN 3rd QUARTER
ARLINGTON HEIGHTS, Ill.
Security Associates Intl. Inc. (SAI), the largest wholesale security alarm monitoring company in the United States, announces its financial results for the third quarter ended Sept. 30. Revenue for the period was $5.5 million, while operating unit margin was $1.3 million. Net loss for the three months was $1.3 million, or 17 cents per share. Revenue for the nine months ended Sept. 30 was $16.8 million, while operating unit margin for the same period was $4.3 million. Net loss for the nine-month period was $3.8 million, or 52 cents per share. SAI provides security alarm monitoring services to residences and businesses, including more than 400,000 subscribers, through a nationwide network of more than 2,700 independent security alarm installing and servicing dealers. The company operates eight regional, UL-Listed central monitoring stations.
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