How 'bout Broadview's Q3 earnings?
Here's Yahoo's down and dirty assessment of Broadview Security's Earnings report, which was released this morning.
7:33AM Brink's Home Security Hlds beats by $0.01, reports revs in-line (CFL) 31.30 : Reports Q3 (Sep) earnings of $0.28 per share, $0.01 better than the First Call consensus of $0.27; revenues rose 6.1% year/year to $143.7 mln vs the $144.1 mln consensus. Co says despite a weak housing market and high unemployment, their expectations for the full year 2009 remain unchanged: expect growth in their monthly recurring revenue, GAAP operating profit, and subscriber base. Looking forward to 2010, they expect continued growth in subscribers, monthly recurring revenue, and GAAP operating profit. Co says monthly recurring revenue increased 9.0% at quarter-end over prior year to $43.4 mln, driven by a 4.9% increase in ending subscribers and a 4.0% increase in average monthly recurring revenue per subscriberIn the press release CEO Bob Allen says that they now expect to spend less than originally planned on the rebranding effort.
We now believe we will invest between $60 million and $90 million of incremental spending to fully establish our new brand over the next two to three years, versus the previous estimate of between $70 million and $120 million.Maybe airtime is cheaper, 'cause from what I hear from my TV-viewing friends, (I don't watch except on Jet Blue) Broadview commercials are all over the air. Here's their press release. I'll be checking out the earnings call this morning at 11 am, so will have more. Oh, and in other news, first snow of the season in Yarmouth, Maine this morning.