Alarm-monitoring company Protection One said today that revenue decreased 5 percent in the first quarter of 2010, from $93 million to $88.3 million.
Protection One, which has headquarters in Lawrence, reported a net loss of $4.8 million or 19 cents per share in the first quarter compared to a net loss of $2.8 million or 11 cents per share in the prior year.
"We began the year with a quarter that showed continued progress in managing costs, lowering net debt, and reducing attrition," company president and CEO Richard Ginsburg said in a statement. "We executed well in all three business units this quarter with our continued focus on making sure we deliver the best customer experience while maintaining financial discipline."
The company is being sold to Chicago-based private equity firm GTCR for $828 million, the companies announced in late April. Protection One has said it employs more than 500 people in Wichita.