Welcome to our dedicated page for Napco Security news (Ticker: NSSC), a resource for investors and traders seeking the latest updates and insights on Napco Security stock.
NAPCO Security Technologies, Inc. (NASDAQ: NSSC) is described by the company as one of the world’s leading manufacturers and service providers of high‑tech electronic security devices and wireless communication services for intrusion, commercial fire alarm, access control, and locking applications. This news page aggregates coverage of NAPCO’s announcements, financial results, product launches, and industry activities.
Investors and security professionals following NSSC news will find regular earnings releases detailing equipment revenue and recurring service revenue, updates on dividend declarations, and Form 8‑K disclosures summarizing results of operations and financial condition. NAPCO’s communications frequently highlight the growth of its recurring service revenue, which is tied to wireless recurring communication services for intrusion and fire alarm systems and other connected platforms.
NAPCO also issues news about new product introductions and platform enhancements, including expansions of its StarLink communications line, its MVP ecosystem, and cloud‑based access control and locking solutions. Press releases describe product showcases at major security trade shows such as ISC West in Las Vegas and ISC East in New York City, where the company presents access control panels, electronic locks, credential readers, and cloud platforms aimed at professional security dealers, integrators, and locksmiths.
Additional news items may cover corporate milestones, such as industry awards recognizing NAPCO’s leadership in electronic security and school safety, as well as proxy‑related communications and annual meeting information. For anyone tracking NSSC, this news feed provides a centralized view of the company’s financial updates, product and technology developments, and ongoing engagement with the electronic security industry.
NAPCO Security Technologies, Inc. (NASDAQ: NSSC) announced its participation in the 25th Annual Needham Growth Conference on January 11, 2023, in New York. Management will present at 10:15 AM ET and conduct in-person meetings, with virtual follow-ups on January 12. Highlights include the company's record Q1 2023 results, featuring a 27% year-over-year sales growth to $39.5 million and a 35% increase in recurring revenues to $13.8 million. NAPCO aims to address security needs for over 131,000 K-12 schools and 5,300 colleges.
NAPCO Security Technologies (NASDAQ: NSSC) announced that its Alarm Lock Trilogy® Series Wireless Access Control Locks received the Maintenance Innovation Award in Safety. This recognition highlights innovations in products aiding efficient operations in commercial and institutional settings. The market for electronic locking products is projected to grow from $2 billion in 2022 to $8 billion by 2030, driven by rising crime and demand for school security solutions, where NAPCO is a leader.
NAPCO Security Technologies, Inc. (NASDAQ: NSSC) has partnered with the Partner Alliance for Safer Schools (PASS K-12) to enhance school security solutions amidst a rise in school shootings, with 296 incidents reported in 2022. This partnership aims to provide comprehensive guidelines for improving school safety. The Department of Justice has allocated approximately $190 million for school security upgrades, emphasizing the urgent need for effective security systems. NAPCO has a strong reputation in the education sector, offering innovative and reliable security technology tailored for schools.
NAPCO Security Technologies reported a record 27% increase in Q1 sales, totaling $39.5 million, with recurring service revenues up 35% to $13.8 million, reflecting strong demand for its security solutions. The company achieved net income of $6.4 million and an adjusted EBITDA of $8.3 million, marking a 77% rise year-over-year. Though net income fell 18% compared to last year's Q1, largely due to a prior debt extinguishment benefit, the recurring revenue run rate stands at approximately $58 million. NAPCO maintains a strong balance sheet with no debt and significant cash reserves, positioning itself well for continued growth.
NAPCO Security Technologies, Inc. (NSSC) is set to release its Fiscal First Quarter 2023 financial results on November 7, 2022. The results will cover the period ending September 30, 2022, with a conference call scheduled for 11 AM ET. Interested parties can join the call via phone or through a webcast available on the company's website. NAPCO is recognized for its high-tech electronic security products and services, targeting a growing market in school safety and electronic security solutions.
NAPCO Security Technologies (NASDAQ: NSSC) will showcase its advanced security products at ISC East 2022 in New York City from November 15-17. The company highlights its AirAccess cloud-based managed access control system, which aims to generate recurring revenue. Attendees will see various products, including wireless network locks and school security solutions, that integrate with AirAccess. CEO Richard Soloway expressed optimism about future revenue growth and the company's unique integrated product offering that spans alarms, locking systems, and access control.
NAPCO Security Technologies reported a strong financial performance for Q4 and the fiscal year ended June 30, 2022. Net sales surged 22% year-over-year to a record $43.2 million, contributing to a full-year increase of 26% to $143.6 million. Recurring service revenue rose 33% in Q4, reaching $12.7 million, with robust 87% gross margins. Net income for Q4 climbed 36% to $7.5 million, while FY net income increased 27% to $19.6 million. Adjusted EBITDA for Q4 was $9.3 million, up 29%, indicating strong operational growth despite supply chain challenges.
NAPCO Security Technologies, Inc. (NASDAQ: NSSC) will release its financial results for the Fiscal Fourth Quarter and Fiscal Year 2022, ending June 30, 2022, on August 29, 2022, before market opening. A conference call with management is scheduled for 11 AM ET on the same day. Participants can join via phone or access a webcast via the company's website. NAPCO is a leader in high-tech electronic security devices and solutions, with a strong reputation for innovation and reliability.
NAPCO Security Technologies (NASDAQ: NSSC) will present at the 42nd Annual Canaccord Genuity Growth Conference on August 10, 2022, in Boston, MA. Management's presentation at 2 PM ET will spotlight the shift towards recurring revenue through products like the Starlink alarm communicator and the new AirAccess line. The discussion will also cover school security solutions designed for K-12 and universities, addressing the pressing need for enhanced safety. The conference will be available via a live webcast on the company's website.
NAPCO Security Technologies (NASDAQ: NSSC) will host one-on-one meetings at the 11th Annual Needham Virtual Industrial Tech, Robotics & Clean Tech Conference on August 8, 2022. Management will discuss the shift to recurring revenues from the Starlink alarm communicator line and the new AirAccess access control systems. They will also highlight school safety solutions aimed at enhancing security in K-12 schools and universities. NAPCO's innovative products position it well in the expanding electronic security market.
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