---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-000867"
form_type: "8-K"
ticker: "NSSC"
cik: "0000069633"
company_name: "NAPCO SECURITY TECHNOLOGIES, INC"
filed_at: "2022-02-07T23:59:59+00:00"
generated_at: "2026-06-27T10:51:36.155453+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Napco Q2 revenue up 23% to record $33.4M; net income falls 68% to $1.0M on supply chain woes

## Summary
- Recurring service revenue grew 35% to $11.0M with 87% gross margin; annualized run rate $46.2M.
- Adjusted EBITDA declined 29% to $3.0M; EPS $0.03 vs $0.09 a year ago due to supply chain disruptions.
- Hardware gross margin fell $2.6M from freight cost increases and mix shift to Starlink radios.
- Cash, equivalents, and securities $47.4M with no debt; strong balance sheet; school security orders increasing.

## SEC filing metadata
- accession: 0001558370-22-000867
- form_type: 8-K
- ticker: NSSC
- cik: 0000069633
- company_name: NAPCO SECURITY TECHNOLOGIES, INC
- filed_at: 2022-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/69633/000155837022000867/0001558370-22-000867-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/69633/000155837022000867/nssc-20220207x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-000867
- JSON: https://secwatch.observer/filing/0001558370-22-000867.json
- Plain text: https://secwatch.observer/filing/0001558370-22-000867.txt

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