secwatch.observer — SEC 8-K summary
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Issuer:     NAPCO SECURITY TECHNOLOGIES, INC (NSSC)
CIK:        0000069633
Form:       8-K
Filed at:   2022-05-09T23:59:59+00:00
Accession:  0001558370-22-007870
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/69633/000155837022007870/0001558370-22-007870-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/69633/000155837022007870/nssc-20220509x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-007870

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