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August 19, 2010

SecureAlert Successfully Deploys Next Generation Policy Management Technology


SecureAlert Inc., formerly known as RemoteMDx, Inc. and a provider of intervention offender tracking technologies widely utilized by public safety agencies throughout the United States, announced that it has successfully deployed 2,861 of its next generation TrackerPAL II(e) offender tracking devices boosting an increase of 3 percent over its previous fiscal quarter ended March 31, 2010.

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Importantly, the Company reported a gross profit of $1,363,765 and a gross margin of 44% for the third fiscal quarter ended June 30, 2010 compared to a gross profit of $788,143 or a gross margin of 25 percent for the same period ended 2009. This represents an increase of 19 basis points or an 80 percent improvement.

Also, the Company is said to have achieved this gross profit and gross margin improvement through its continuous efforts focused against reducing direct costs associated with the leasing of its electronic monitoring devices.

"I believe the company is now well positioned to achieve planned growth within the expanding electronic monitoring marketplace through the delivery of unmatched reliability and quality of our intervention monitoring products and services. As a result, we have been able to achieve significant improvements in gross margins, while continuously focusing on delivering greater value to our customer agencies," John Hastings, president and chief operating officer at SecureAlert said.

 "Through the recent release of our TrackerPAL II(e) technology, we are establishing ourselves as the industry leader in GPS tracking device reliability, which when combined with our state-of-the-art intervention monitoring center and easy-to-use interactive software, provides the most advanced world-class solution available in the Global marketplace today, making streets safer while providing a lower cost to governmental agencies," Hastings stated.

The Company also has reported Shareholders Equity of $3,869,330 for the third fiscal quarter ended June 30, 2010 compared to a Stockholders Deficit of $12,372,821 for the same period ended 2009, an improvement of $16,242,151.

A more complete discussion of operating results for the third fiscal quarter ended June 30, 2010 is included in the Company's quarterly report on Form 10-Q, filed with the Securities and Exchange Commission on Aug. 16, 2010.


Jai C.S. is a contributing editor for TMCnet. To read more of Jai's articles, please visit his columnist page.

Edited by Erin Monda
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