secwatch.observer — SEC 8-K summary
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Issuer:     NAPCO SECURITY TECHNOLOGIES, INC (NSSC)
CIK:        0000069633
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001558370-24-014248
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Napco Q1 record revenue $44.0M, net income up 7% to $11.2M, declares $0.125 dividend
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- Record Q1 net sales $44.0M (+6% YoY); net income $11.2M (+7%, record); diluted EPS $0.30.
- Recurring service revenue $21.1M (+22%), gross margin 91%; overall gross margin improved to 55.9%.
- Adjusted EBITDA $12.3M (down 4% YoY); cash $102.2M, no debt; operating cash flow $12.0M.
- Board declared $0.125 quarterly dividend (payable Jan 3, 2025) and authorized up to 1M share repurchase.
- Cellular radio sales surged 93% YoY; locking sales down 8% due to distributor destocking.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/69633/000155837024014248/0001558370-24-014248-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/69633/000155837024014248/nssc-20241101x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-014248

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