Napco Security Stock Price, News & Analysis

NAPCO Security Technologies (NASDAQ: NSSC) announced its participation in the 2022 Virtual Growth Conference from March 28-30, hosted by Maxim Group. Management's presentation will be available on demand starting 9:00 a.m. ET on March 28. Interested parties can view it by signing up on the conference website. Additionally, one-on-one meetings with management can be arranged through Maxim Group or Patrick McKillop, Director of Investor Relations. NAPCO is a leader in electronic security devices and school safety solutions.

NAPCO Security Technologies (NASDAQ: NSSC) reported record net sales of $33.4 million for Q2 FY2022, up 23% from last year. Recurring service revenue rose 35% to $11.0 million, with a prospective annual run rate of $46.2 million. However, net income plummeted 68% to $1.0 million due to supply chain issues and increased stock-based compensation. The company holds $47.4 million in cash and no debt, maintaining a strong balance sheet. Future growth looks promising with a focus on school security and recurring revenue.

NAPCO Security Technologies, Inc. (NASDAQ: NSSC) will release its Fiscal Second Quarter 2022 financial results on February 7, 2022, before the market opens, followed by a conference call at 11 a.m. ET. The company specializes in high-tech electronic security devices and services, including school safety solutions. Investors can participate in the call by dialing 1-877-407-4018 for domestic and 1-201-689-8471 for international calls. Further details and a replay will be available on their website.

NAPCO Security Technologies (NASDAQ: NSSC) will present at the 24th Annual Needham Growth Conference on January 10, 2022. The presentation is scheduled for 11:30 AM ET and will be conducted virtually. Key topics include the shift to higher-margin recurring revenues from the Starlink alarm communicator family and the new AirAccess line of products, alongside school security solutions for K-12 and universities. Interested investors can register for the live webcast on NAPCO's investor relations website. For further inquiries, contact Patrick McKillop, Director IR.

NAPCO Security Technologies (NASDAQ: NSSC) announced its participation in the Imperial Capital 2021 Security Investor Conference on December 15, 2021. Management will present at 1:00 PM ET and hold one-on-one meetings throughout the event in New York.

The presentation will focus on the transition to recurring revenue models and highlight innovations like the Starlink alarm communicator and the new AirAccess access control systems. Additionally, NAPCO will address school security solutions to enhance safety in K-12 institutions and universities.

NAPCO Security Technologies, Inc. (NASDAQ: NSSC) has declared a 2-for-1 stock split as a 100% stock dividend, effective January 4, 2022. Shareholders on record as of December 20, 2021 will receive one additional share for each share held. This move will double the shares outstanding from 18,353,584 to 36,707,168. Additionally, shareholders approved an amendment to increase the total authorized shares from 40 million to 100 million. The Board aims to improve trading liquidity and broaden share ownership.

NAPCO Security Technologies (NSSC) reported a record-breaking net sales increase of 34% to $31.1 million for Q1 fiscal 2022, compared to $23.2 million last year. Recurring service revenue surged 41% to $10.2 million, now projected at an annual run rate of $42.6 million. The net income soared 234% to $7.8 million, translating to earnings per share of $0.42, up from $0.13. Gross margin for recurring services improved to 86%. Despite challenges, NAPCO continues to excel in delivering solutions, particularly in school security.

NAPCO Security Technologies (NASDAQ: NSSC) will announce its financial results for the Fiscal First Quarter 2022 on November 8, 2021, before market opens. This announcement will be followed by a conference call at 11 a.m. ET. The company specializes in high-tech electronic security devices and services. NAPCO's growth is bolstered by its innovative products and strong market reputation. Interested parties can join the call by dialing designated numbers or via the company's website for a replay after the call.

NAPCO Security Technologies (NASDAQ: NSSC) announced its selection for a school security project at Tatum, TX ISD, serving over one thousand students across multiple schools. The project involves installing ArchiTech Networx Mortise Wireless Locksets and Continental Access Control products, enhancing safety through an integrated security solution controlling access to 400 doors. Key features include rapid door opening, data downloads, and alerts. CEO Richard Soloway expressed gratitude for the partnership, emphasizing the importance of school security in light of recent national events.