SANDY, UT -- (Marketwire) -- 05/17/11 -- SecureAlert, Inc. (OTCBB: SCRA), a leading international provider of patented, wireless electronic monitoring systems and services to public safety agencies, reported record quarterly revenues for the three months ended March 31, 2011. SecureAlert's revenues grew to $3,889,031 for its second fiscal quarter of 2011 compared to $3,006,288 for the same reporting period in 2010, an increase of $882,743 or 29%.
SecureAlert continues to post record revenues which are accompanied by a strong quarterly gross profit margin of 45% for the March 31, 2011 quarter, up from 44% for the March 31, 2010 quarter. Importantly, the Company's gross profit increased to $1,752,426 for the March 31, 2011 quarter, up from $1,311,899 for the same reporting period of 2010, an increase of 34%.
The Company's international initiatives slightly increased the loss from operations to $2,171,219 for the March 31, 2011 quarter, up from $2,031,607 for the March 31, 2010 quarter, or $139,612. However, net loss improved by $990,866 to $2,514,567 for the March 31, 2011 quarter, down from $3,505,433 in the March 31, 2010 quarter.
"We continue to focus our efforts on business development and revenue growth initiatives, both domestically and internationally," said John L. Hastings III, President and Chief Operating Officer of SecureAlert, Inc. "Over the past year, there has been great interest in the offender tracking industry, as several global, multi-billion dollar corporations have completed acquisitions within our market sector, wherein our growing global presence, positions us well to compete head-to-head for substantive contracts. I am confident that SecureAlert is strategically and tactically well-positioned to remain one of the most aggressive companies competing anywhere in the world. Importantly, we deliver and deploy the most comprehensive, reliable and technologically advanced intervention monitoring solutions available in the marketplace today, making streets safer for the public while saving governments millions of dollars," concluded Mr. Hastings.
A more complete discussion of operating results for the second quarter ended March 31, 2011 is included in the Company's quarterly report on Form 10-Q filed with the Securities and Exchange Commission on May 16, 2011.
About SecureAlert
SecureAlert is a leading international provider of electronic monitoring systems, case management and services widely utilized by more than 625 law enforcement agencies worldwide. SecureAlert offers real-time intervention services and innovative technologies to observe and track offenders wherever they may be: In their car, home or office. The Company delivers highly reliable solutions and peace of mind through programs that allow probationers and paroled offenders to re-enter society by electronically monitoring them 24 hours a day, for enhanced public safety, while reducing the overall burdens and costs carried by the criminal justice and corrections systems.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act, including future growth and earnings opportunities of the company. Actual results could differ materially from those projected in these forward-looking statements, which involve a number of risks and uncertainties, including the company's ability to retain and to promptly satisfy current backorders and other economic, competitive, governmental, technological, regulatory, manufacturing and marketing risks associated with the company's business and financial plans. The contents of this release should be considered in conjunction with the risk factors, warnings, and cautionary statements that are contained in the company's most recent filings with the Securities and Exchange Commission.
For more information please contact:
Jeff Peterson
ir@securealert.com
866-451-6141
http://www.securealert.com
