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NAPCO Security Technologies Inc - NSSC STOCK NEWS

Welcome to our dedicated news page for NAPCO Security Technologies (Ticker: NSSC), a resource for investors and traders seeking the latest updates and insights on NAPCO Security Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect NAPCO Security Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of NAPCO Security Technologies's position in the market.

Rhea-AI Summary
NAPCO Security Technologies, Inc. (NSSC) will showcase its integrated security solutions at ISC West 2024. NAPCO is the only company offering a complete line of security products, with recurring revenue opportunities. The event expects 30,000 security professionals, aiming to boost sales leads and engage customers.
Rhea-AI Impact
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End-of-Day
-0.93%
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Rhea-AI Summary
NAPCO Security Technologies, Inc. (NSSC) announces one-on-one meetings at J.P. Morgan Industrials Conference to discuss fiscal Q2 2024 results with record sales of $47.5 million, 25% YoY recurring revenue growth to $18.5 million, and introduction of Prima, an All-in-One Panel for security, fire, video, and connected home.
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End-of-Day
1.51%
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Rhea-AI Summary
NAPCO Security Technologies, Inc. (NSSC) announces the pricing of a secondary public offering of 2,000,000 shares of common stock at $40.75 per share by the Selling Stockholder. The Offering, expected to close on March 8, 2024, will not result in proceeds for the Company. Needham & Company and TD Cowen are the joint book-runners for the offering.
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-6.6%
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Rhea-AI Summary
NAPCO Security Technologies, Inc. (NSSC) announced a secondary public offering by its Chairman of the Board and CEO, Richard L. Soloway, to sell shares of common stock. The offering will be underwritten with a 30-day option for additional shares. The company will not receive proceeds from the sale, and existing stockholders will not face dilution. Needham & Company, TD Cowen, and D.A. Davidson & Co. are managing the offering. The offering is contingent on market conditions.
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End-of-Day
-6.6%
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Rhea-AI Summary
NAPCO Security Technologies, Inc. (NSSC) reported strong financial results for Q2 of fiscal 2024, with net sales increasing by 12% to $47.5 million, net income rising by 221% to $12.6 million, and adjusted EBITDA increasing by 191% to $15.1 million. Recurring service revenues also saw a 25% increase to $18.5 million, with a gross margin of 90%. The company declared a quarterly dividend of $0.10 per share, representing a 25% increase over the previous dividend.
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End-of-Day
18.82%
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Rhea-AI Summary
NAPCO Security Technologies, Inc. (NSSC) will release financial results for its Fiscal Second Quarter 2024 which ended December 31, 2023. The company is a leading designer and manufacturer of high-tech electronic security devices, wireless recurring communication services, and school safety solutions. The conference call for analysts and investors will be webcast on Monday February 5, 2024, at 11 A.M. ET. Interested parties can participate via the Company website or by dialing the provided phone numbers.
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-1.78%
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Rhea-AI Summary
NAPCO Security Technologies, Inc. (NSSC) is set to present at the 26th Annual Needham Growth Conference in New York, highlighting their recent fiscal first quarter 2024 results, with record sales of $41.7 million and 25% year over year recurring revenue growth to $17.3 million. The company's annual run rate for recurring revenue is now $72.5 million. Additionally, they will discuss the recent introduction of Prima by NAPCO, a new All-in-One Panel for security, fire, video, and connected home, targeting the residential and small business systems market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.61%
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Rhea-AI Summary
NAPCO Security Technologies, Inc. (NASDAQ: NSSC) has been recognized by Forbes as one of America's Most Successful Small-Cap Companies for 2024. The company is a leading designer and manufacturer of high-tech electronic security devices, wireless recurring communication services, and school safety solutions. NAPCO is the only security systems manufacturer to make the top 100 'diamonds in the rough' group, as compiled by Factset. The rankings are based on factors including sales growth, earnings growth, return on equity, and total stock return for the trailing twelve months and over the last five years.
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Rhea-AI Summary
NAPCO Security Technologies, Inc. (NASDAQ: NSSC) reported strong financial results for its first quarter of fiscal 2024. Net sales increased 6% to $41.7 million, while net income rose 239% to $10.5 million. Adjusted EBITDA increased 174% to $12.9 million. Recurring service revenues grew 25% to $17.3 million with a gross margin of 90%. The company declared a quarterly dividend of $0.08 per share and appointed Deloitte & Touche LLP as its auditor for fiscal 2024.
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Rhea-AI Sentiment
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21.54%
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Rhea-AI Summary
NAPCO Security Technologies, Inc. will release its financial results for Fiscal First Quarter 2024 on November 6, 2023. The company is a leading designer and manufacturer of high-tech electronic security devices and wireless recurring revenue communication services. They also provide school safety solutions. The results will be announced before the market opens and a conference call for analysts and investors will follow at 11 A.M. ET. Interested parties can participate through the company's website or by dialing the provided phone numbers.
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NAPCO Security Technologies Inc

Nasdaq:NSSC

NSSC Rankings

NSSC Stock Data

1.43B
34.94M
5.17%
82.49%
7.28%
Other Communications Equipment Manufacturing
Manufacturing
Link
US
Amityville

About NSSC

napco security technologies (nasdaq: nssc) is one of the world's leading manufacturers of technologically advanced electronic security equipment including intrusion and fire alarm systems, access control and door locking systems. headquartered in new york its products are sold and installed by tens-of-thousands of security professionals worldwide, from security dealers to locksmiths, to systems integrators and specifiers, in commercial, industrial, institutional, residential and government applications. the company consists of napco plus three wholly-owned subsidiaries: alarm lock, continental instruments, and marks usa. napco products have earned a reputation for technical excellence, reliability and innovation, poising the company for growth in the rapidly expanding electronic security market, a multi-billion dollar market.