secwatch.observer — SEC 8-K summary
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Issuer:     NAPCO SECURITY TECHNOLOGIES, INC (NSSC)
CIK:        0000069633
Form:       8-K
Filed at:   2022-02-07T23:59:59+00:00
Accession:  0001558370-22-000867
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/69633/000155837022000867/0001558370-22-000867-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/69633/000155837022000867/nssc-20220207x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-000867

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