Napco Security Stock Price, News & Analysis

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.

NAPCO Security Technologies (NASDAQ: NSSC) announced a new school security project at Montana State University-Northern, enhancing campus safety for over 1,000 students. The project features NAPCO's Access Control products and Alarm Lock's Trilogy Networx locks, controlling access to 150 doors. Key features include rapid door opening, data downloads, email alerts, and a five-year battery life. CEO Richard Soloway expressed pride in being chosen for this initiative, highlighting the positive impact of recent funding legislation supporting school security improvements.

NAPCO Security Technologies (NASDAQ: NSSC) will present virtually at the 23rd Annual Needham Growth Conference on January 13, 2021, at 9:15 AM ET. The presentation will focus on the shift to higher-margin recurring revenues from the Starlink Communicator product line and the urgent need for enhanced school security in the U.S. Investors can register for the live webcast through the company's investor relations website. NAPCO is a leading provider of high-tech security devices and school safety solutions, with a portfolio that addresses the needs of K-12 and large universities.

On December 18, 2020, NAPCO Security Technologies (NASDAQ: NSSC) announced that the underwriters of a secondary public offering fully exercised their option to purchase an additional 334,961 shares from Chairman Richard L. Soloway. The initial offering closed on December 15, 2020, with 2,233,071 shares sold at $26.00 each. NAPCO will not receive proceeds from this offering. Post-transaction, Soloway will retain about 20% of NAPCO's outstanding shares. B. Riley Securities and Needham & Company served as joint book-runners for the offering.