---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-015074"
form_type: "8-K"
ticker: "NSSC"
cik: "0000069633"
company_name: "NAPCO SECURITY TECHNOLOGIES, INC"
filed_at: "2021-11-08T23:59:59+00:00"
generated_at: "2026-06-28T11:47:35.532676+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Napco Q1 FY2022: Revenue +34% to $31.1M, EPS $0.42 vs $0.13 YoY, record net income $7.8M

## Summary
- Net sales rose 34% YoY to a quarterly record $31.1M; recurring service revenue up 41% to $10.2M with 86% gross margin.
- Net income surged 234% to $7.8M ($0.42 diluted EPS) versus $2.3M ($0.13) in prior year; adjusted EBITDA $8.6M, up 170%.
- Excluding $3.9M debt extinguishment gain, net income was $3.8M ($0.21 EPS); cash and securities $43.2M.
- Hardware gross margin fell to 22% due to freight and component cost increases from global supply chain disruptions.
- Company sees continued momentum; school security and new Air Access cellular access control as growth drivers.

## SEC filing metadata
- accession: 0001558370-21-015074
- form_type: 8-K
- ticker: NSSC
- cik: 0000069633
- company_name: NAPCO SECURITY TECHNOLOGIES, INC
- filed_at: 2021-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/69633/000155837021015074/0001558370-21-015074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/69633/000155837021015074/nssc-20211108x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-015074
- JSON: https://secwatch.observer/filing/0001558370-21-015074.json
- Plain text: https://secwatch.observer/filing/0001558370-21-015074.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.