Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, June 21, 2013

Article Excerpt

ALARMFORCE INDUSTRIES, $10.41, symbol AF on Toronto, reports that its sales rose 9.1% in the three months ended April 30, 2013, to $11.9 million from $10.9 million a year earlier. The company earned $1.3 million, or $0.11 a share, compared to a loss of $238,021, or $0.02 a share. AlarmForce’s revenue rose along with its subscriber base: the company ended the quarter with 31,200 U.S. customers, up 22.8% from 25,400 a year ago. In Canada, it now has 106,500 subscribers, up 1.8%. The company’s earnings rose because it spent a lot less on marketing than in the year-earlier quarter, when it increased its advertising spending as it launched its VideoRelay system. This service lets subscribers watch their homes through computers and smartphones. AlarmForce’s growth in Canada has slowed lately—it added just 700 new subscribers in the last six months. That’s partly because new competitors are entering the Canadian market, including Rogers Communications’ Smart Home Monitoring service. The company’s outlook is positive, and it…