Voxcom marks Q3 with higher revenues, EBIDTA

SSN Staff  - 
Sunday, February 1, 2004

EDMONTON, Alberta - Full-service security company Voxcom ended its third quarter with increasing financial metrics in higher recurring revenues and EBIDTA, for the period ending Nov. 30, 2003.

The company reported a loss of $495,000 for the period, down from a loss of $740,000 for the same period a year ago, and increased revenue to nearly $7 million for the three months ending Nov. 30, 2003. For the same period in 2002, the company reported revenues of about $6.7 million.

For the nine months ending Nov. 30, 2003, the company increased its monthly recurring revenue by $100,000, to $2,160,000, compared to the same period a year ago. It also grew its subscriber base to 80,800 from 77,500. EBITDA as a percentage of total revenue grew to 48.7 percent, up from 48.3 percent a year ago.

‘The company’s monthly recurring revenues and EBITDA continue to increase each quarter,” said Brad Sparrow, president and chief executive officer. “These financial metrics have both increased by 4.9 percent over the past twelve months.”