SAI REPORTS 2Q REVENUE OF $5.2 MILLION, NET LOSS OF $4.6 MILLION
ARLINGTON HEIGHTS, Ill.
Security Associates Int’l Inc. (SAI) reports revenue for the quarter ended June 30 was $5.2 million. Its operating unit margin for the same period was $1.1 million, while income before noncash expenses and interest was $1.1 million. Net loss for the quarter was $3.3 million, or 43 cents per share.
Revenue for the six months ended June 30 was $10.6 million. Operating unit margin for the same period was $2.4 million and income before noncash expenses and interest was also $2.4 million. Net loss for the six-month period was $4.6 million, or 72 cents per share.
SAI provides security alarm monitoring services to residences and businesses.
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