{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-000759","form_type":"8-K","ticker":"NSSC","cik":"0000069633","company_name":"NAPCO SECURITY TECHNOLOGIES, INC","filed_at":"2024-02-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.690281+00:00","generated_at":"2026-06-06T09:29:46.894204+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 reports record Q2 revenue $47.5M, net income $12.6M, EPS $0.34; dividend raised 25% to $0.10","bullets":["Net sales Q2 record $47.5M (+12% YoY); six-month record $89.2M (+9%).","Net income $12.6M (+221% YoY); diluted EPS $0.34 vs $0.11 last year.","Adjusted EBITDA $15.1M (+191% YoY); margin 32%.","Recurring service revenue $18.5M (+25% YoY) with 90% gross margin; annual run-rate $76.5M.","Quarterly dividend increased 25% to $0.10/share, payable March 22 to holders of record March 1."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-000759","json":"https://secwatch.observer/filing/0001558370-24-000759.json","markdown":"https://secwatch.observer/filing/0001558370-24-000759.md","text":"https://secwatch.observer/filing/0001558370-24-000759.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/69633/000155837024000759/0001558370-24-000759-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/69633/000155837024000759/nssc-20240205x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T09:29:46.894204+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":"eea796b00881e92804d343f17b5ed67a475ce244","claim":"NAPCO SECURITY TECHNOLOGIES, INC reported fiscal quarter ended December 31, 2023 results: revenue $47.5 million, net income $12.6 million, EPS $0.34.","evidence_excerpt":"● Net sales for the quarter increased 12% to $47.5 million ( the highest quarterly sales in the Company’s history ) as compared to $42.3 million for the same period last year. Net sales for the six months ended December 31, 2023 increased 9% to a six month record $89.2 million as compared to $81.8 million last year. ● Recurring service revenue (\"RSR\") for the quarter increased 25% to $18.5 million as compared to $14.9 million for the same period last year. Recurring service revenue for the six months ended December 31, 2023 increased 25% to $35.8 million as compared to $28.7 million last year. Recurring service revenue had a prospective annual run rate of approximately $76.5 million based on January 2024 recurring revenues. ● Gross margin for recurring service revenue remained robust at 90% for the quarter and six months as compared to 89% and 88%, respectively, for the same periods last year. ● Gross margin for equipment revenues was 29% for the second quarter compared to 4% in last","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/69633/000155837024000759/0001558370-24-000759-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal quarter ended December 31, 2023"},{"label":"Revenue","value":"$47.5 million"},{"label":"Net income","value":"$12.6 million"},{"label":"EPS","value":"$0.34"},{"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"}