AMITYVILLE, N.Y., Nov. 6, 2024 /PRNewswire/ -- NAPCO Security Technologies, Inc. (NASDAQ: NSSC), one of the leading designers and manufacturers of high-tech electronic security devices, wireless recurring communication services for intrusion, fire alarm, access control and locking systems as well as a leading provider of school safety solutions today is announcing that its locking products have been selected for use in a school security project at the Pasadena Unified School District in Pasadena California. ...

Exhibit 99.1 NAPCO Reports Revenues, Net Income and Adjusted EBITDA* for Q1 of Fiscal 2025 -Net Sales for the Quarter Increase 6% to a Q1 Record $44.0 Million- -Net Income for the Quarter Increases 7% to a Q1 Record $11.2 Million- -Adjusted EBITDA* for the Quarter Decreases 4% to $12.3 Million- -1st Quarter Recurring Service Revenues Increase 22% to $21.1 Million With a Gross Margin of 91%- -Board Declares Quarterly Dividend of $0.125 per share- AMITYVILLE, N.Y., Nov. 4, 2024 /PRNewswire/ -- NAPCO Security ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED: September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO . Commission File number: 0-10004 NAPCO SECURITY TECHNOLOGIES, INC. (Exact name of Registrant as specified in its charter) Delaware 11- ...

Financial Data and Key Metrics Changes - The company achieved record sales of $44 million in Q1 2025, marking the 16th consecutive quarter of record sales [14][15] - Recurring monthly service revenue increased by 22% to $21.1 million, representing 48% of total revenue [15][18] - Net income reached a record $11.2 million, a 7% increase from $10.5 million in the same period last year [30][35] - Cash balances grew to $102 million, with the company remaining debt-free [15][32] Business Line Data and Key Metrics Changes - Equipment sales decreased by 6% to $22.9 million, primarily due to an 8% decline in locking sales [22][23] - Gross profit for recurring service revenues increased by 24% to $19.2 million, with a gross margin of 91% [24][35] - Gross profit for equipment revenues decreased by 22% to $5.4 million, with a gross margin of 24% [24] Market Data and Key Metrics Changes - StarLink radio sales increased by 93% year-over-year, contributing significantly to the growth of recurring service revenues [20][35] - The company anticipates continued growth in radio sales, driven by strong demand and effective promotional activities [55][64] Company Strategy and Development Direction - The company is focused on leveraging trends in wireless fire and intrusion alarms, enhancing recurring service revenues, and expanding into school security solutions and enterprise access control systems [16][36] - A new MVP hosted access system is expected to generate substantial hardware sales and recurring revenue [38][65] - The company plans to showcase new products at the International Security Conference, highlighting its commitment to innovation and market penetration [39][86] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of locking sales, attributing recent declines to temporary inventory adjustments by distributors [52][59] - The company remains optimistic about growth opportunities in various sectors, including healthcare and retail loss prevention [36][37] - Management emphasized the importance of continued investment in engineering and marketing to drive future growth [74] Other Important Information - The company announced a dividend payout of $12.5 per share, payable on January 3, 2025 [46] - The board authorized the repurchase of up to an additional 1 million shares of common stock [46][79] Q&A Session Summary Question: Can you explain the difference in inventory adjustments between locking hardware and radio sales? - Management clarified that the locking hardware situation is a temporary one-quarter event, while radio sales have shown strong recovery after previous inventory issues [50][52] Question: What promotional activities were undertaken to drive growth in radio sales? - The company actively promoted its radios and made management changes within the division, which contributed to exceeding sales expectations [54][55] Question: How confident is management about the locking business recovering? - Management expressed confidence based on discussions with distributors and observed sell-through statistics, indicating that the decline is not indicative of a long-term trend [58][59] Question: What is the expected impact of radio sales on service revenues going forward? - Management indicated that while immediate impacts on recurring revenues may not be felt, strong radio sales will lead to increased service revenues in the future [63][64] Question: How is the Prima product performing? - Management acknowledged that the introduction of necessary accessories has improved sales expectations for Prima, which is expected to perform better in the coming quarters [84]

Napco (NSSC) came out with quarterly earnings of $0.30 per share, missing the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -14.29%. A quarter ago, it was expected that this security products and software company would post earnings of $0.37 per share when it actually produced earnings of $0.36, delivering a surprise of -2.70%.Over the last four ...

-Net Sales for the Quarter Increase 6% to a Q1 Record $44.0 Million--Net Income for the Quarter Increases 7% to a Q1 Record $11.2 Million--Adjusted EBITDA* for the Quarter Decreases 4% to $12.3 Million--1st Quarter Recurring Service Revenues Increase 22% to $21.1 Million With a Gross Margin of 91%- -Board Declares Quarterly Dividend of $0.125 per share-AMITYVILLE, N.Y., Nov. 4, 2024 /PRNewswire/ -- NAPCO Security Technologies, Inc. (NASDAQ: NSSC), one of the leading manufacturers and designers of high-tech ...

AMITYVILLE, N.Y., Oct. 30, 2024 /PRNewswire/ -- NAPCO Security Technologies, Inc. (NASDAQ: NSSC), one of the leading designers and manufacturers of high-tech electronic security devices, wireless recurring communication services for intrusion, fire alarm, access control and locking systems as well as a leading provider of school safety solutions will release financial results for its Fiscal First Quarter 2025, which ended September 30, 2024, on Monday November 4, 2024 before the market open followed by a co ...

Investors looking for a small-cap route to exploit attractive dynamics within the professional security market could do a lot worse than Napco Security Technologies, Inc. (NASDAQ: NSSC ). Even if the return differential with other small-caps has narrowed in Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am n ...

AMITYVILLE, N.Y., Sept. 17, 2024 /PRNewswire/ -- NAPCO Security Technologies, Inc. (NASDAQ: NSSC), one of the leading designers and manufacturers of high-tech electronic security devices, wireless recurring communication services for intrusion, fire alarm, access control and locking systems as well as a leading provider of school safety solutions, today is announcing that management will be attending and hosting one on one meetings with investors at D.A. Davidson's 23rd Annual Diversified Industrials & Serv ...

NEW YORK, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Napco Security Technologies, Inc. ("Napco" or the "Company") (NASDAQ: NSSC) on behalf of Napco stockholders. Our investigation concerns whether Napco has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On September 5, 2024, Fuzzy Panda Research published a rep ...