---
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"
generated_at: "2026-06-22T06:05:27.881194+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Napco Security Q1 FY2023 sales up 27% to record $39.5M; recurring revenue up 35% to $13.8M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-016644
- JSON: https://secwatch.observer/filing/0001558370-22-016644.json
- Plain text: https://secwatch.observer/filing/0001558370-22-016644.txt

## Key facts
- Earnings Releases
  NAPCO SECURITY TECHNOLOGIES, INC reported first quarter of fiscal 2023 results: revenue $39.5 million, net income $6.4 million, EPS $0.17.
  - Period: first quarter of fiscal 2023
  - Revenue: $39.5 million
  - Net income: $6.4 million
  - EPS: $0.17
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/69633/000155837022016644/0001558370-22-016644-index.htm

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