SAI Reports Net Loss of More Than $4.6 Million in 6-Month Financial Results
ARLINGTON HEIGHTS, Ill.—Security Associates Int’l
Inc. (SAI), one of the largest wholesale security alarm
monitoring companies in the United States, has announced
its financial results for the second quarter and six months
ended June 30. Revenue for the quarter ended June 30 was
$4.756 million, compared to $5.220 million in the same
period last year. Net loss decreased to $2.589 million, or
(28 cents) per share, vs. a net loss of $3.342 million, or
(43 cents) per share.
Revenue for the six months ended June 30 was $9.836
million, compared to $10.6 million from 2001. Net loss was
$4.645 million, or (51 cents) per share, vs. $5.584
million, or (72 cents) per share. SAI provides security
alarm monitoring services to residences and businesses,
including approximately 315,000 subscribers, through a
nationwide network of 2,500 independent security alarm
installing and servicing dealers.
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