secwatch.observer — SEC 8-K summary
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Issuer:     NAPCO SECURITY TECHNOLOGIES, INC (NSSC)
CIK:        0000069633
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001558370-23-000917
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/69633/000155837023000917/0001558370-23-000917-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/69633/000155837023000917/nssc-20230206x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-000917

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