---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-007870"
form_type: "8-K"
ticker: "NSSC"
cik: "0000069633"
company_name: "NAPCO SECURITY TECHNOLOGIES, INC"
filed_at: "2022-05-09T23:59:59+00:00"
generated_at: "2026-06-25T22:42:45.220587+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Napco Q3 sales record $35.9M (+27% YoY), net income down 34% to $2.9M on supply chain hits

## Summary
- Q3 net sales record $35.9M (+27% YoY); recurring service revenue $12.0M (+35%) with 87% gross margin.
- GAAP diluted EPS $0.08 vs $0.12; adjusted EBITDA $5.2M (-5% YoY) or $0.14/share.
- Cash $47.4M, no debt; nine-month cash from ops $8.4M vs $16.4M due to $11.3M inventory build.
- Will delay 10-Q up to 5 days to re-evaluate inventory reserve methodology for FY19-21; no material effect expected on current results.
- Selected for school security upgrade at another large US district (300k+ students, 750+ buildings); not yet reflected in Q3 sales.

## SEC filing metadata
- accession: 0001558370-22-007870
- form_type: 8-K
- ticker: NSSC
- cik: 0000069633
- company_name: NAPCO SECURITY TECHNOLOGIES, INC
- filed_at: 2022-05-09T23:59:59+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/69633/000155837022007870/0001558370-22-007870-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/69633/000155837022007870/nssc-20220509x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-007870
- JSON: https://secwatch.observer/filing/0001558370-22-007870.json
- Plain text: https://secwatch.observer/filing/0001558370-22-007870.txt

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