secwatch.observer — SEC 8-K summary
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Issuer:     NAPCO SECURITY TECHNOLOGIES, INC (NSSC)
CIK:        0000069633
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001558370-23-008466
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/69633/000155837023008466/0001558370-23-008466-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/69633/000155837023008466/nssc-20230508x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-008466

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