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Alarmforce Industries Inc (AF.TO)

AF.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Alarmforce Q1 earnings per share C$0.09
Friday, 10 Mar 2017 07:30am EST 

Alarmforce Industries Inc : Alarmforce reports first quarter 2017 financial results . Q1 earnings per share C$0.09 . Q1 revenue C$13.9 million . Q1 adjusted earnings per share C$0.15 .Alarmforce Industries Inc - at end of Q1, completed review process and adjoining restatements fulfilling filing requirements.  Full Article

ALARMFORCE INDUSTRIES SETS DIVIDEND OF C$0.045 PER SHARE
Friday, 20 Jan 2017 01:36pm EST 

Alarmforce Industries Inc :SETS DIVIDEND OF C$0.045 PER SHARE.  Full Article

Alarmforce provides update on the status of ongoing review
Friday, 30 Dec 2016 07:00am EST 

Alarmforce Industries Inc : Intends to file by January 30, 2017: . audited annual consolidated financial statements for fiscal 2016 . Intends to restate its financial statements for year ended October 31, 2015 and first and second quarters of 2016. . Intends to file by January 30, 2017 unaudited interim consolidated financial statements for Q3 of fiscal 2016 .Alarmforce provides update on the status of ongoing review.  Full Article

Alarmforce provides update on the status of ongoing review
Wednesday, 7 Dec 2016 05:00pm EST 

Alarmforce Industries Inc : Alarmforce Industries Inc - reports that it has substantially completed its review of customer contracts and accounts . Alarmforce Industries - anticipates that decision regarding whether a restatement will be required will be made by end of second full week of Dec. 2016 . Alarmforce Industries Inc - is working with its legal and accounting advisors in evaluating its response to ongoing IRS and Florida payroll audits . Alarmforce Industries - further analysis required can be determined whether any restatement of historical financial statements will be required . Alarmforce Industries-continues to engage with Ontario ministry of finance regarding ministry's proposed eht assessment of incremental taxes,penalties . Alarmforce Industries Inc - is evaluating impact, if any, of EHT assessment and other possible employee tax liabilities .Alarmforce provides update on the status of ongoing review.  Full Article

Alarmforce provides update on change in subscription cancellation practice
Wednesday, 28 Sep 2016 08:44am EDT 

Alarmforce Industries Inc : Alarmforce provides update on change in subscription cancellation practice . Review of subscription cancellation practice is ongoing and co continues to work to complete its review . Review is ongoing to determine whether restatement of historical financial statements is necessary . Applied for and received temporary management cease trade order in connection with late filing of Q3-interim financial statements . Company anticipates temporary MCTO will be replaced with a permanent order in due course .Temporary MCTO restricts CEO and CFO of company from trading in and all acquisitions of securities of company.  Full Article

AlarmForce expects to take one-time charges of about $0.06/share in YTD Q3 financial statements
Wednesday, 24 Aug 2016 07:34am EDT 

AlarmForce Industries Inc: Says "determined that it ought not to have continued charging monitoring fees in some jurisdictions for period" . Company's review, in part, resulted from due diligence undertaken during a potential sale process. . Says determination following "certain residential customers' subscription cancellations until equipment was returned" . During course of review, company's cancellation practice was raised as an issue . Expects to incur one-time charges estimated at $0.7 million (or $0.06 per share) in its YTD Q3 2016 financial statements . Will examine revenue recognition policies for periods starting fiscal Q4 2013 for revenue from contracts after customer requested cancellation . Incremental costs are expected due to Co's efforts related to subscription cancellation practice, possible employee tax liabilities . May need to restate reported revenue for some or all such previously reported financial results for charges previously recognized from canceled customer agreements .Says company will be reviewing residential contracts covering period starting on August 1, 2013.  Full Article

AlarmForce Q2 earnings per share C$0.16
Tuesday, 14 Jun 2016 07:30am EDT 

AlarmForce Industries Inc : Qtrly total revenue $14.5 million versus $14.0 million . Total recurring monthly revenue was $4.5 million at end of Q2 2016 . AlarmForce reports second quarter 2016 financial results .Q2 earnings per share C$0.16.  Full Article

Alarmforce Industries reports Q2 earnings per share of c$0.16
Tuesday, 14 Jun 2016 07:30am EDT 

Alarmforce Industries Inc : Alarmforce reports second quarter 2016 financial results . Q2 earnings per share c$0.16 .Q2 revenue c$14.5 million.  Full Article

AlarmForce Industries Inc receives statement of claim
Wednesday, 27 Apr 2016 05:30pm EDT 

AlarmForce Industries Inc:Receipt of a Statement of Claim (the Claim) made by Robert Hepburn and 1154300 Ontario Inc. (collectively, Hepburn), a former franchisee who operated an AlarmForce business in southwestern Ontario from 1995 until December 2015.Hepburn seeks total damages of $18 million for, among other claims, breach of contractual and statutory obligations.The Claim fails to describe the basis for, or the particulars of, the amounts sought. AlarmForce is reviewing the Claim with its counsel and believes that it is without merit.AlarmForce intends to defend the claim vigorously\.As the matter of the Claim is now before the courts, the Company will have no further statement to make; unless and until a decision is reached by the court, or a settlement is reached prior to court proceedings.  Full Article

AlarmForce Industries Inc announces declaration of dividend of $0.045 per share
Thursday, 14 Jan 2016 05:00pm EST 

AlarmForce Industries Inc:Declared a cash dividend of $0.045 per share.Payable on February 19, 2016 to all shareholders of record at the close of business on January 29, 2016.  Full Article

More From Around the Web

BRIEF-AlarmForce announces normal course issuer bid

* AlarmForce Industries - has TSX approval to purchase for cancellation up to a maximum of 5% of AlarmForce's issued and outstanding shares, being 578,512 shares. Source text for Eikon: Further company coverage: