Napco Security Stock Price, News & Analysis

NAPCO Security Technologies (NASDAQ: NSSC) announced its co-sponsorship of a webinar on September 1, 2021, focused on active shooter events. This initiative underscores NAPCO's commitment to enhancing school safety, a sector with over $1 billion in funding available from federal and state governments since 2018. The webinar will feature experts from Xavier University, including Chief Robert Warfel and Dr. Cheryl Jonson, to educate stakeholders on the necessity for improved security measures in schools. NAPCO aims to position itself in the multi-billion-dollar school security market.

NAPCO Security Technologies (NASDAQ: NSSC) will present at the 41^st Annual Canaccord Genuity Growth Conference on August 11, 2021, at 8:00 AM ET. The virtual conference will highlight a shift toward higher-margin recurring revenues from products like the Starlink alarm communicator and the new AirAccess access control systems. NAPCO will also discuss its portfolio of school safety solutions tailored for K-12 institutions and universities. Investors can register for the live webcast through the company's website.

NAPCO Security Technologies, headquartered in Amityville, New York, announced its participation in the 10th Annual Needham Virtual Industrial Tech, Robotics, & Clean Tech 1x1 Conference on August 9, 2021. The management will hold one-on-one meetings to discuss a shift towards recurring revenue, highlighting the Starlink alarm communicator products and the new AirAccess access control line. Additionally, NAPCO will focus on its school security solutions to address U.S. safety needs. Interested parties can request information or meetings through Needham & Co. or the company’s Director of Investor Relations.

NAPCO Security Technologies, a leading manufacturer of electronic security devices, announced its participation in the ISC West 2021 trade show in Las Vegas from July 19-21, 2021. The company will unveil its new AirAccess cloud-based access control solution, aimed at generating recurring revenue and addressing installation challenges. Additional products include Lectra Locks and E-Access systems, targeting significant market opportunities. CEO Richard Soloway expressed optimism about future revenue growth from these innovations, emphasizing NAPCO's unique integrated product line.

NAPCO Security Technologies (NASDAQ: NSSC), a leader in electronic security devices, will present at the 16th Annual Needham Technology & Media Conference on May 17, 2021, at 12:45 PM ET. The presentation will cover the company’s record Q3 2021 results, including sales of $28.2 million and a 43% increase in recurring revenues. NAPCO aims to highlight its shift to higher-margin products and the urgency of school security. Interested investors can access the live webcast via NAPCO’s website.

NAPCO Security Technologies (NASDAQ: NSSC) reported record net sales of $28.2 million for Q3 FY2021, an 8% increase from $26.2 million last year. Recurring service revenue surged 43% to $8.9 million, underpinning a prospective annual run rate of $36.7 million. Net income rose by 21% to $4.4 million, with diluted EPS increasing to $0.24. Adjusted EBITDA grew 13% to $5.5 million. Cash and equivalents reached $34.1 million, up from $18.2 million last year, showcasing robust cash flow and operational efficiency.

NAPCO Security Technologies, Inc. (NASDAQ: NSSC) plans to release its Fiscal Third Quarter 2021 financial results on May 10, 2021, before market opens, followed by a conference call at 11 A.M. ET. The results will cover the period ending March 31, 2021. Interested participants can join via a dedicated phone line or access a replay. NAPCO is recognized as a leading provider of high-tech electronic security devices and school safety solutions.

NAPCO Security Technologies, Inc. (NASDAQ: NSSC) reported a record second quarter net sales of $27.2 million, a 17% increase from the previous quarter and a 5% increase year-over-year. Recurring service revenue surged 42% to $8.2 million, with a prospective annual run rate of $33.8 million. The company’s net income increased 38% sequentially to $3.2 million, although it declined 10% year-over-year. Cash and cash equivalents stood at $26.8 million, an improvement from $18.2 million six months prior. The strong revenue growth is attributed to the essential fire alarm business, largely unaffected by COVID-19.

NAPCO Security Technologies, Inc. (NASDAQ: NSSC) will announce its Fiscal Second Quarter 2021 results on February 8, 2021, before market opening, following with a conference call at 11 A.M. ET. The company specializes in high-tech electronic security solutions, prominently in school safety. Interested parties can join the call via specified phone numbers or watch the webcast on the company's website. The press release highlights NAPCO's commitment to innovation and growth in the expanding electronic security market.