---
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"
generated_at: "2026-06-15T14:43:27.806173+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NAPCO Security posts record Q3 net income of $10.8M; initiates quarterly dividend

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-008466
- JSON: https://secwatch.observer/filing/0001558370-23-008466.json
- Plain text: https://secwatch.observer/filing/0001558370-23-008466.txt

## Key facts
- Earnings Releases
  NAPCO SECURITY TECHNOLOGIES, INC reported fiscal quarter ended March 31, 2023 results: revenue $43.5 million, net income $10.8 million, EPS $0.29.
  - Period: fiscal quarter ended March 31, 2023
  - Revenue: $43.5 million
  - Net income: $10.8 million
  - EPS: $0.29
  - Result: reported results
  source text: ● 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_url: https://www.sec.gov/Archives/edgar/data/69633/000155837023008466/0001558370-23-008466-index.htm

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