{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-008466","form_type":"8-K","ticker":"NSSC","cik":"0000069633","company_name":"NAPCO SECURITY TECHNOLOGIES, INC","filed_at":"2023-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.950668+00:00","generated_at":"2026-06-15T14:43:27.806173+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"NAPCO Security posts record Q3 net income of $10.8M; initiates quarterly dividend","bullets":["Q3 net sales record $43.5M (+21% YoY); net income $10.8M (+231%) with diluted EPS $0.29.","Recurring service revenue $15.1M (+26% YoY) at 90% gross margin; annual run rate ~$63M.","Adjusted EBITDA record $12.7M (+123%); no debt, cash $56.9M.","Initiated quarterly dividend of $0.0625/share; payable June 12, 2023 to holders of record May 22, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-008466","json":"https://secwatch.observer/filing/0001558370-23-008466.json","markdown":"https://secwatch.observer/filing/0001558370-23-008466.md","text":"https://secwatch.observer/filing/0001558370-23-008466.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/69633/000155837023008466/0001558370-23-008466-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/69633/000155837023008466/nssc-20230508x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T14:43:27.806173+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":"e8f0db23bffbf8c611f3eb87bee67e79caaef51f","claim":"NAPCO SECURITY TECHNOLOGIES, INC reported fiscal quarter ended March 31, 2023 results: revenue $43.5 million, net income $10.8 million, EPS $0.29.","evidence_excerpt":"● Net sales for the quarter increased 21% to a Q3 record of $43.5 million as compared to $35.9 million for the same period last year. ● Recurring service revenue (\"RSR\") for the quarter increased 26% to $15.1 million as compared to $12.0 million for the same period last year. Recurring service revenue had a prospective annual run rate of approximately $63 million based on April 2023 recurring revenues. ● Gross margin for recurring service revenue for the quarter was 90% as compared to 87% for the same period last year. ● Net income for the quarter was a record $10.8 million as compared to $3.3 million for the same period a year ago, a 231% increase. ● Earnings per share (diluted) for the quarter was $0.29 as compared to $0.09 for the same period a year ago, a 222% increase.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/69633/000155837023008466/0001558370-23-008466-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal quarter ended March 31, 2023"},{"label":"Revenue","value":"$43.5 million"},{"label":"Net income","value":"$10.8 million"},{"label":"EPS","value":"$0.29"},{"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"}