secwatch.observer — SEC 8-K summary
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Issuer:     NAPCO SECURITY TECHNOLOGIES, INC (NSSC)
CIK:        0000069633
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001558370-23-017752
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/69633/000155837023017752/0001558370-23-017752-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/69633/000155837023017752/nssc-20231102x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-017752

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