Wednesday, November 19, 2014 11:43:43 AM
Gross profit generated during fiscal 2014 was $829,190. This represents a 533% or $698,266 increase from the year prior. The gross profit margin for 2014 and 2013 was 72% and 23%, respectively. The increase in gross profit margin was due to a substantial increase in recurring revenue generated from monthly monitoring services.
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