NAPCO Q2 FY2023: Record net sales $42.3M (+27% YoY); net income $8.4M (vs $1.0M); EPS $0.23

NAPCO SECURITY TECHNOLOGIES, INC

2023-Q2 EPS reported $0.40 revenue$81,807,000

Q2 net sales $42.3M, up 27% YoY; recurring service revenue $14.9M (+35%) with 89% gross margin.
Net income $8.4M ($0.23 diluted EPS) vs $1.0M ($0.03) a year ago, a 714% increase.
Adjusted EBITDA $10.3M ($0.28 per share), up 232% from $3.1M.
Cash and equivalents $47.1M, no debt; working capital $101.6M, current ratio 6.6:1.
Former NY Governor David Paterson appointed to Board of Directors.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NAPCO SECURITY TECHNOLOGIES, INC reported second quarter of fiscal 2023 results: revenue $42.3 million, net income $8.4 million, EPS $0.23.

Period: second quarter of fiscal 2023
Revenue: $42.3 million
Net income: $8.4 million
EPS: $0.23
Result: reported results

Exact text from the filing

subject to the liabilities of that section. --- EX-99.1 (EX-99.1) --- NAPCO Announces Second Quarter Fiscal 2023 Results -2nd Quarter Net Sales Increase 27% to a Q2 Record $42.3 Million- -2nd Quarter Recurring Service Revenues Increase 35% to $14.9 Million With Gross Margins of 89%- -Quarterly Record Net Income of $8.4M and Adjusted EBITDA* of $10.3 Million -

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Source: SEC EDGAR

accession 0001558370-23-000917

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