---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-000917"
form_type: "8-K"
ticker: "NSSC"
cik: "0000069633"
company_name: "NAPCO SECURITY TECHNOLOGIES, INC"
filed_at: "2023-02-06T23:59:59+00:00"
generated_at: "2026-06-20T00:35:41.507003+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-000917
- form_type: 8-K
- ticker: NSSC
- cik: 0000069633
- company_name: NAPCO SECURITY TECHNOLOGIES, INC
- filed_at: 2023-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/69633/000155837023000917/0001558370-23-000917-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/69633/000155837023000917/nssc-20230206x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-000917
- JSON: https://secwatch.observer/filing/0001558370-23-000917.json
- Plain text: https://secwatch.observer/filing/0001558370-23-000917.txt

## Key facts
- Earnings Releases
  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
  source text: 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 -
  evidence_url: https://www.sec.gov/Archives/edgar/data/69633/000155837023000917/0001558370-23-000917-index.htm

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