earnings
confidence high
sentiment positive
materiality 0.80
Napco Q4 sales record $43.2M (+22% YoY); net income up 36% to $7.5M
NAPCO SECURITY TECHNOLOGIES, INC
2022-FY EPS reported
$0.53
revenue$143,593,000
- Q4 revenue record $43.2M (+22% YoY); fiscal year revenue $143.6M (+26% YoY).
- Q4 recurring service revenue $12.7M (+33% YoY); annual run rate $54M based on July 2022.
- Q4 net income $7.5M ($0.20 EPS), up 36% YoY; fiscal net income $19.6M ($0.53 EPS), up 27%.
- Adjusted EBITDA Q4 $9.3M (+29%); fiscal $22.6M (+13%). Cash $46.8M, no debt.
- Hardware gross margin improved to 27% in Q4 from 19% prior quarter due to price increases and supply chain management.