Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, September 14, 2012

Article Excerpt

ALARMFORCE INDUSTRIES, $11.65, symbol AF on Toronto, reports that it attracted more customers and increased its revenue in the latest quarter. However, its earnings fell as it continued to expand its business. In the three months ended July 31, 2012, the company’s sales rose 10.9%, to $11.4 million from $10.3 million a year earlier. Even so, AlarmForce lost $6,589, or nil per share, compared to a profit of $831,342, or $0.07 a share. AlarmForce’s earnings fell because it increased its advertising spending as it expanded into Florida. It also invested more in its VideoRelay system, which it launched in October 2011. VideoRelay lets subscribers watch their homes through their computers and smartphones. AlarmForce’s U.S. customer base jumped 28.7% in the latest quarter, to 26,900 from 20,900 a year earlier. In Canada, the company now has 105,200 subscribers, up 4.4% from 100,600 a year earlier. Of those clients, 1,500 in Canada and 700 in the U.S. have added the company’s VideoRelay system. VideoRelay has a..