{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-22-016644","form_type":"8-K","ticker":"NSSC","cik":"0000069633","company_name":"NAPCO SECURITY TECHNOLOGIES, INC","filed_at":"2022-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.284129+00:00","generated_at":"2026-06-22T06:05:27.881194+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Napco Security Q1 FY2023 sales up 27% to record $39.5M; recurring revenue up 35% to $13.8M","bullets":["Net sales $39.5M (Q1 record), up 27% YoY; recurring service revenue $13.8M, up 35% YoY.","GAAP net income $6.4M ($0.17 diluted EPS) vs $7.8M ($0.21) last year, which included $3.9M debt extinguishment gain.","Adjusted EBITDA $8.3M, up 77% YoY; adjusted diluted EPS $0.22 vs $0.13.","Recurring service gross margin 88% (up from 86%); hardware gross margin 23% (up from 22%).","Cash, investments and marketable securities $44.4M, no debt; working capital $97.0M."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-22-016644","json":"https://secwatch.observer/filing/0001558370-22-016644.json","markdown":"https://secwatch.observer/filing/0001558370-22-016644.md","text":"https://secwatch.observer/filing/0001558370-22-016644.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/69633/000155837022016644/0001558370-22-016644-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/69633/000155837022016644/nssc-20221107x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T06:05:27.881194+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cef6366e91bd8323304c74dfadce7a3bbce0e606","claim":"NAPCO SECURITY TECHNOLOGIES, INC reported first quarter of fiscal 2023 results: revenue $39.5 million, net income $6.4 million, EPS $0.17.","evidence_excerpt":"Net sales for the quarter increased 27% to a Q1 record of $39.5 million as compared to $31.1 million for the same period last year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/69633/000155837022016644/0001558370-22-016644-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of fiscal 2023"},{"label":"Revenue","value":"$39.5 million"},{"label":"Net income","value":"$6.4 million"},{"label":"EPS","value":"$0.17"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}