Silent Witness Announces Corrections to 4Q Financial Results
SURREY, British Columbia, Canada
CCTV manufacturer Silent Witness Enterprises Ltd. releases corrections to its fourth quarter and year ended July 3 financial results.
Cash flow from operations, before changes in working capital, was $5,569,000 (previously reported $6,353,000) compared to the prior year’s total of 6,144,000. Cash flow from operations, after changes in working capital, was $13,389,000 (previously reported $14,173,000) compared to ($3,737,000) in the prior year.
Fourth quarter cash flow from operations, before changes in working capital, decreased by 89 percent to $312,000 (previously reported $1,096,000) compared with $2,750,000.
The changes to the fourth quarter and year-to-date cash flow numbers are due to the reclassification of the $784,000 gain on SmartSight shares from investing to earnings.
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.
A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!