March 15, 2016 / 8:53 PM / in 2 years

BRIEF-Alarmforce industries Q1 SHR C$0.21

March 15 (Reuters) - Alarmforce Industries Inc

* Q1 earnings per share C$0.21

* Qtrly gross new subscriber additions were 5,200, consistent with q1 2015

* While settlement took place after quarter ended, income statement impact is reflected in our q1 financial results

* Alarmforce reports first quarter 2016 financial results

* Q1 revenue c$14.5 million

* Total recurring monthly revenue was $4.67 million at end of q1 2016, reflecting an increase of 5%

* Company also settled a pending lawsuit with a former employee and member of management for an undisclosed amount Source text for Eikon: Further company coverage:

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