Welcome to our dedicated page for Napco Security Technologies news (Ticker: NSSC), a resource for investors and traders seeking the latest updates and insights on Napco Security Technologies stock.
Napco Security Technologies, Inc. designs and manufactures electronic security equipment and provides wireless recurring communication services for intrusion, fire alarm, access control and locking applications. Its updates commonly cover equipment revenue, recurring service revenue, gross margin, dividends and investor communications, alongside product activity for platforms such as StarLink 5G communicators and the MVP cloud access ecosystem.
The company operates through NAPCO and wholly owned subsidiaries including Alarm Lock, Continental Instruments and Marks USA, serving commercial, industrial, institutional, residential and government applications. News also includes school safety solutions, trade-show product introductions, index inclusion and management participation in institutional investor conferences.
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.
NAPCO Security Technologies (NASDAQ: NSSC) announced its participation in the Stifel 2022 Cross Sector Insight Conference in Boston, MA, scheduled for June 7, 2022, at 9:45 AM ET. The management will present the company’s fiscal third quarter results, highlighting record quarterly sales and future growth drivers. The presentation will be webcast live, and investors can register on the corporate website. For one-on-one meetings during the conference, interested parties should contact their Stifel sales representative or Patrick McKillop, Director of IR.
NAPCO Security Technologies, Inc. (NASDAQ: NSSC), based in Amityville, NY, announces its products' selection for a security project at Pepperdine University, Malibu, CA. The project involves installing ArchiTech locks, enhancing access control in classrooms. CEO Richard Soloway emphasized the significance of school security and the company's ongoing commitment to providing innovative safety solutions. NAPCO, a leader in electronic security devices, continues to prioritize school safety amidst rising concerns nationwide.
NAPCO Security Technologies, Inc. (NASDAQ: NSSC) announced its participation in the 22nd Annual B Riley Securities Institutional Investor Conference on May 25, 2022, in Los Angeles, CA. Management will present at 9:30 AM PT (12:30 PM ET) and hold one-on-one meetings to discuss its recent record quarterly sales and future growth drivers following the fiscal third quarter 2022 results. NAPCO specializes in high-tech electronic security devices and school safety solutions, aiming for growth in the electronic security market.
NAPCO Security Technologies (NASDAQ: NSSC) will present at the 17th Annual Needham Technology & Media Conference on May 17, 2022, at 1:30 PM ET in New York. The management will discuss the company's record quarterly sales and the shift towards recurring revenue, particularly from the Starlink alarm communicator and the new AirAccess access control systems. Additionally, NAPCO will highlight its school safety solutions, meeting the urgent need for enhanced security in educational settings. The presentation will be available via live webcast on the company’s investor relations website.
NAPCO Security Technologies, Inc. (NASDAQ: NSSC) reported financial results for Q3 fiscal 2022, showcasing a 27% increase in net sales to a record $35.9 million. Recurring service revenues rose by 35% to $12.0 million, with gross margins of 87%. However, net income decreased 34% to $2.9 million due to supply chain disruptions. Adjusted EBITDA fell 5% to $5.2 million. The company maintains a strong balance sheet with $47.4 million in cash and no debt, indicating robust financial health despite challenges.
NAPCO Security Technologies, Inc. (NASDAQ: NSSC) will release its Fiscal Third Quarter 2022 financial results on May 9, 2022, before the market opens. A conference call is scheduled for 11 AM ET the same day. This call can be accessed at www.napcosecurity.com and a replay will be available after 2 PM ET. NAPCO, a leader in electronic security devices, has four divisions and serves various sectors, including commercial and governmental applications. The company aims to capitalize on growth opportunities in the expanding electronic security market.
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.