SANDY, UT -- (Marketwire) -- 01/09/12 -- SecureAlert, Inc. (OTCBB: SCRA) (OTCQB: SCRA), a national leader in offender intervention and tracking technologies widely used by public safety agencies throughout the United States and expanding globally, reported record annual revenues of $17,961,803 in its recently published annual 10-K filing, for the fiscal year ended September 30, 2011 compared to $12,450,971 for the same reporting period in 2010, an increase of 44% year over year. The increase in revenue reflects the Company's aggressive and successful expansion into global markets, which contributed significantly to the growth of monitoring revenues and related services. Additionally, domestic revenues increased by double-digits, up 17% from last fiscal year ended 2010.
SecureAlert also continues to drive improvements in gross profit margin from a reported 39% for the last fiscal year ended September 30, 2010 to a record 44% for the fiscal year ended September 30, 2011, reflecting four years of continuous improvements from a concerted focus on gross margins. This persistent progress in gross profit margin was realized through the continued focus on reducing costs and by attracting intervention quality vs. price-centric agency clientele. Importantly, gross profit margin for the three months ended September 30, 2011, excluding impairment of equipment and parts, was 47%.
We also continue to drive toward profitability, wherein SecureAlert reported an improvement in net loss of $4,060,785, comparing the net loss for the fiscal year ended September 30, 2011 of $9,858,824 to $13,919,609 for the same period in 2010. This 29% reduction in net loss was primarily driven by an improvement in gross profit combined with a reduction of interest expense and other financing costs, whereas the Company has been able to raise additional capital through the sale and issuance of Series D Preferred stock to shareholders, rather than entering into debt instruments.
"These improved results reflect an unwavering commitment not only to drive toward profitability, but also to deliver the highest public-safety standards and real-time intervention solutions available anywhere in the global offender tracking and monitoring marketplace today," said John L. Hastings III, President and CEO of SecureAlert, Inc. "We continue to deliver unmatched worldwide and world class tracking and intervention technologies, investing in and expanding our Patent Portfolio, while delivering both enhanced customer and shareholder value," concluded Mr. Hastings.
About SecureAlert, Inc.
SecureAlert is a leading international provider of reliable electronic monitoring solutions, case management and services widely utilized by 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 intervention technologies and peace-of-mind through programs which 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. To learn more about SecureAlert, Inc., please visit www.securealert.com.
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 promptly satisfy orders 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.
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Investor Relations Contact:
Stanley Wunderlich
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