Command Security Corporation Announces
Financial Results
Annual Revenues Increase 11% and Net Income Increases 27%For Fiscal 2010
June 23, 2010 09:03 AM Eastern Daylight Time
LAGRANGEVILLE, N.Y.--(EON: Enhanced Online News)--Command Security Corporation (NYSE Amex:
MOC) announced today its financial and operating results for the fourth quarter and fiscal year ended March 31,
2010.
Revenues for the three months ended March 31, 2010 increased 9.8% to $35,559,206, compared with revenues of
$32,397,674 in the same period of the prior year.Net income was $181,192, or $.02 per basic and diluted share
compared with a net loss of $123,326, or $.01 per basic and diluted share, respectively, in the same period of the
prior year.Operating income was $677,176, or 1.9%, compared to $205,745, or .6% in the same period of the
prior year.
Revenues for the fiscal year ended March 31, 2010 increased 11.4% to $145,694,630, compared with revenues of
$130,813,244 for the fiscal year ended March 31, 2009.Net income increased to $1,631,639, or $.15 per basic
and diluted share compared with $1,281,883, or $.12 and $.11 per basic and diluted share, respectively, for the
fiscal year ended March 31, 2009.Operating income was $3,704,251, or 2.5%, compared to $3,007,641, or 2.3%
for the fiscal year ended March 31, 2009.
Revenue growth during the three months and fiscal year ended March 31, 2010 was primarily attributable to the
following events:
l The commencement of security services during the first quarter of fiscal 2010 under a new contract to provide
such services to a major transportation company at approximately 120 locations in twenty-one states
throughout the eastern and western regions of the United States;
l Expansion of security services provided to new and existing customers, including several of the nation’s largest
banks, a large grocery market distribution center in California, a company that provides merchandising and
distribution services to a major grocery retailer in New Jersey, a world lead