Viscount Systems Releases Q1 2014 Results and Files 10-Q
May 14 2014 - 5:52PM
Business Wire
Overall Revenues Increase 13%, Freedom Revenues
Rise 54%
Viscount Systems (OTCQB:VSYS), a leading edge supplier of
security systems and software, will file its 10-Q today in addition
to announcing Q1 results for the quarter ending March 31, 2014.
Revenues for the quarter ended March 31, 2014 were $936,873, an
increase of $108,553, or 13%, as compared to the comparable quarter
in 2013. Sales of the Company’s IT-based access control solution
called Freedom, rose by 54%.
The company’s net loss for the quarter ended March 31, 2014,
before non-cash and other items, was $528,663, as compared to a
loss of $256,571 for the quarter ended March 31, 2013. The higher
net loss is primarily due to increased spending on R&D and
sales/marketing staffing following the recently completed capital
raise.
Conference Call to Review Results
Dennis Raefield, CEO and President of Viscount Systems, will
hold a conference call Thursday May 15 at 4:15 pm EST to discuss Q1
results.
Join the meeting by following the procedures below.
1. Please join by going to:
https://global.gotomeeting.com/meeting/join/346179917
2. Join the conference call:
Canada: +1 (647) 497-9351United
States: +1 (215) 383-1010Access Code: 346-179-917Meeting
ID: 346-179-917
Should you have questions during the event please send an email
to dennis@viscount.com
About Viscount's Freedom Access Control Solution
Freedom is the first and only access control system that allows
entry devices (ID cards, RFID readers, biometrics etc.) to be
connected to, and controlled by, standard building IT networks
without requiring expensive control panels. This eliminates up to
60% of the cost of traditional access control system hardware.
Freedom also utilizes existing IT permission databases (Microsoft
Active Directory or LDAP) to replace the software component of
traditional systems. Freedom drastically reduces system costs while
providing a much more secure software solution.
About Viscount Systems
Viscount Systems Inc., designs unified IT and physical security
software platforms for building security and emergency planning.
Recent awards include the 2012 Microsoft "Be What's Next" Award,
SIA Convergence Solution of the Year 2011 and Homeland Security
Platinum Award for Emergency Response and Gold Award for Access
Control at GOVSEC 2011.
Contacts
Investor Relations:Scott GreiperSecure Strategy Group(212)
333-0202sgreiper@securesg.com
Viscount Systems Inc.604-327-9446Investors@viscount.com
Safe Harbor Statement
Forward looking statements: This press release and other
statements by Viscount Systems Inc. may contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act with respect to the outlook for earnings and revenues,
other future financial or business performance, strategies and
expectations. Forward-looking statements are typically identified
by words or phrases such as "believe," "expect," "estimate,"
"position," "assume," "potential," "outlook," "continue," "remain,"
"maintain," and similar expressions, or future or conditional verbs
such as "will," "would," "should," "could," or similar
expressions.
Investor Relations:Secure Strategy GroupScott Greiper,
212-333-0202sgreiper@securesg.comorViscount Systems
Inc.604-327-9446Investors@viscount.com
Viscount Systems (CE) (USOTC:VSYS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Viscount Systems (CE) (USOTC:VSYS)
Historical Stock Chart
From Jul 2023 to Jul 2024