---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-017752"
form_type: "8-K"
ticker: "NSSC"
cik: "0000069633"
company_name: "NAPCO SECURITY TECHNOLOGIES, INC"
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T21:36:37.203164+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Napco Q1 FY2024 revenue $41.7M, net income $10.5M (+239%), dividend $0.08 declared

## Summary
- Net sales $41.7M (Q1 record), up 6% YoY; net income $10.5M (+239%); diluted EPS $0.28 vs $0.08.
- Recurring service revenue $17.3M (+25%); gross margin 90%; annualized run rate ~$72.5M.
- Adjusted EBITDA $12.9M (+174%); margin 31%; cash $74.6M with no debt.
- Equipment gross margin improved to 28% from 9%; total gross margin 54% vs 37%.
- Board declared $0.08/sh dividend payable Dec 22; Deloitte & Touche appointed auditor for FY2024.

## SEC filing metadata
- accession: 0001558370-23-017752
- form_type: 8-K
- ticker: NSSC
- cik: 0000069633
- company_name: NAPCO SECURITY TECHNOLOGIES, INC
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/69633/000155837023017752/0001558370-23-017752-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/69633/000155837023017752/nssc-20231102x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-017752
- JSON: https://secwatch.observer/filing/0001558370-23-017752.json
- Plain text: https://secwatch.observer/filing/0001558370-23-017752.txt

## Key facts
- Earnings Releases
  NAPCO SECURITY TECHNOLOGIES, INC reported the 3 months ended September 30, 2023 results: revenue $41.7 million, net income $10.5 million, EPS $0.28.
  - Period: the 3 months ended September 30, 2023
  - Revenue: $41.7 million
  - Net income: $10.5 million
  - EPS: $0.28
  - Result: reported results
  source text: of that section. --- EX-99.1 (EX-99.1) --- NAPCO Reports Record Revenues, Net Income and Adjusted EBITDA for Q1 of Fiscal 2024 -Net Sales for the Quarter Increase 6% to $41.7 Million- -Net Income for the Quarter Increases 239% to $10.5 Million- -Adjusted EBITDA for the Quarter Increases 174% to $12.9 Million- -1st Quarter Recurring Service Revenues Increase
  evidence_url: https://www.sec.gov/Archives/edgar/data/69633/000155837023017752/0001558370-23-017752-index.htm

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