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Napco Security Technologies ( (NSSC) ) has provided an announcement.
For the second quarter of fiscal 2025, NAPCO Security Technologies reported mixed financial results. Net sales decreased by 9.7% year-over-year to $43 million, impacted by reduced sales to major distributors and the timing of custom locking product projects. Despite this, the company saw a 14.4% increase in recurring service revenue to $21.2 million and improved its gross profit margin to 57.0%. The company’s school and classroom security sales continue to grow, highlighted by a contract with the Pasadena Unified School District. NAPCO introduced new products like the Prima All-in-One Panel and the MVP Access platform, expected to enhance market penetration and generate recurring revenue. The company remains optimistic about improving its financial performance in the latter half of fiscal 2025.
More about Napco Security Technologies
NAPCO Security Technologies, Inc. is a prominent manufacturer and designer of high-tech electronic security equipment and wireless communication devices for intrusion and fire alarm systems. The company also provides recurring service revenues and school safety solutions, focusing on various market segments including residential, small businesses, healthcare, and retail loss-prevention.
YTD Price Performance: 4.89%
Average Trading Volume: 395,257
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.35B
For an in-depth examination of NSSC stock, go to TipRanks’ Stock Analysis page.
