NSSC
Napco Security Technologies, Inc.42.42
+0.92+2.22%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.51BP/E (TTM)
34.49Basic EPS (TTM)
1.23Dividend Yield
0.01%Recent Filings
8-K
10-Q
8-K
8-K
Napco's RSR surges despite sales dip
Napco Security Technologies reported fiscal Q4 and full-year 2025 results on August 25, 2025, with net sales dipping 4% to $181.6 million annually amid equipment declines, yet recurring service revenue surged 14% to $86.3 million at 91% margins, driving a $94 million run rate. The board declared a $0.14 per share dividend payable October 3. Strong cash flow hit $53.5 million.
10-K
FY2025 results
Napco Security Technologies posted FY2025 net sales of $181.6 million, down 4% year-over-year, as equipment revenues fell 16% to $95.3 million amid distributor destocking and project timing delays in door-locking products, yet recurring service revenues surged 14% to $86.3 million, now comprising 48% of total sales with 91% gross margins. Overall gross margins edged up to 56%, but net income dipped 13% to $43.4 million due to higher R&D and SG&A expenses from staffing growth. Q4 momentum showed service activations accelerating, offsetting equipment softness, while operating cash flow hit $53.5 million. The company repurchased $36.8 million in shares and raised its dividend to $0.52 annually, bolstering liquidity at $83.1 million in cash. No forward guidance disclosed in the 10-K. Yet distributor reliance risks quarterly volatility.
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