secwatch.observer — SEC 8-K summary
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Issuer:     NAPCO SECURITY TECHNOLOGIES, INC (NSSC)
CIK:        0000069633
Form:       8-K
Filed at:   2022-08-29T23:59:59+00:00
Accession:  0001558370-22-014058
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Napco Q4 sales record $43.2M (+22% YoY); net income up 36% to $7.5M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/69633/000155837022014058/0001558370-22-014058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/69633/000155837022014058/nssc-20220829x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-014058

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer