Voxcom marks Q3 with higher revenues, EBIDTA
EDMONTON, Alberta - Full-service security company Voxcom ended its third quarter with increasing financial metrics in higher recurring revenues and EBIDTA, for the period ending Nov. 30, 2003.
The company reported a loss of $495,000 for the period, down from a loss of $740,000 for the same period a year ago, and increased revenue to nearly $7 million for the three months ending Nov. 30, 2003. For the same period in 2002, the company reported revenues of about $6.7 million.
For the nine months ending Nov. 30, 2003, the company increased its monthly recurring revenue by $100,000, to $2,160,000, compared to the same period a year ago. It also grew its subscriber base to 80,800 from 77,500. EBITDA as a percentage of total revenue grew to 48.7 percent, up from 48.3 percent a year ago.
Ã¢â‚¬ËœThe companyÃ¢â‚¬â„¢s monthly recurring revenues and EBITDA continue to increase each quarter,Ã¢â‚¬Â said Brad Sparrow, president and chief executive officer. Ã¢â‚¬Å“These financial metrics have both increased by 4.9 percent over the past twelve months.Ã¢â‚¬Â