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Napco Security Technologies (NSSC)
NASDAQ:NSSC
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Earnings Data
Report Date
Feb 10, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.34Last Year’s EPS
0.34Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: -12.01%
|Next Earnings Date:Sep 04, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong sales and recurring revenue growth, particularly in the StarLink radio segment, and a solid financial position with no debt and increased cash flow. However, there were challenges with declining equipment sales, primarily in locking, and increased operating expenses, leading to a decrease in adjusted EBITDA. Despite these challenges, the record revenue and net income, along with strategic initiatives, contribute to an overall positive outlook.Company Guidance
During the Q1 2025 earnings call for NAPCO Security Technologies, the company reported record sales of $44 million, marking the 16th consecutive quarter of record sales. Recurring monthly service revenue grew impressively by 22% to $21.1 million, representing 48% of total revenue, and the annual run rate for recurring service revenue was approximately $85.2 million. Net income reached a quarterly record of $11.2 million, and the company maintained a robust financial position with cash balances of $102 million and no debt. Gross profit increased by 10% to $24.6 million, with a gross margin of 56%. Equipment sales, however, decreased by 6% to $22.9 million due to a decline in locking sales, which was attributed to distributors temporarily lowering inventory levels. The call emphasized the strategic focus on leveraging industry trends such as wireless, fire and intrusion alarms, and school security solutions, and highlighted continued investment in research and development, with costs increasing by 25% to $3.1 million.Record Sales and Net Income
Achieved record sales of $44 million for Q1 2025, marking the 16th consecutive quarter of record sales. Net income also hit a record at $11.2 million.
Strong Recurring Revenue Growth
Recurring monthly service revenue increased by 22% in Q1 to $21.1 million, now representing 48% of total revenue with a gross margin of 91%.
StarLink Radio Sales Surge
StarLink radio sales increased 93% compared to Q1 last year and 23% sequentially, representing the highest level since Q3 of fiscal 2023.
Robust Financial Position
Cash balances reached $102 million, with no debt and a 5% sequential increase in cash, cash equivalents, and other investments.
Positive Cash Flow
Cash provided by operating activities increased 7% to $12 million compared to the same period last year.
Dividend and Stock Buyback Authorization
Continued dividend program with a payout of $0.125 per share and authorization to repurchase up to an additional 1 million shares.
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NSSC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NSSC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $38.46 | $34.40 | -10.56% |
| Aug 26, 2024 | $55.10 | $47.06 | -14.59% |
| May 06, 2024 | $42.10 | $44.91 | +6.67% |
| Feb 05, 2024 | $35.42 | $42.09 | +18.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Napco Security Technologies (NSSC) report earnings?
Napco Security Technologies (NSSC) is schdueled to report earning on Feb 10, 2025, TBA Not Confirmed.
What is Napco Security Technologies (NSSC) earnings time?
Napco Security Technologies (NSSC) earnings time is at Feb 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NSSC EPS forecast?
NSSC EPS forecast for the fiscal quarter 2025 (Q2) is 0.34.
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