Highest-materiality recent filing
NAPCO Q4 revenue up 10% to $55.8M, EPS $0.50, dividend raised 13.3%
Q4 net revenue $55.8M (+10% YoY); net income $17.8M (+52.7%); diluted EPS $0.50.
NAPCO CEO Richard Soloway transitions to Executive Chairman; Kevin Buchel becomes CEO
Richard Soloway, founder and former CEO, becomes Executive Chairman effective July 8, 2026.
Napco Security Q3 revenue up 12% to $49.2M; non-GAAP EPS $0.39; declares $0.15 dividend
GAAP net loss of $0.4M due to $16.0M litigation charge; adjusted net income $13.9M (+37% YoY)
Napco Security Q2 FY2026 revenue $48.2M (+12.2% YoY); EPS $0.38 vs $0.28; dividend +7% to $0.15
Record Q2 net revenue $48.2M, +12.2% YoY; equipment $24.3M (+12.0%), RSR $23.8M (+12.5%) with 90.2% gross margin.
Annual meeting elects Soloway, Buchel, Paterson; ratifies Deloitte as auditor
Richard L. Soloway reelected with 25,258,767 for; 2,231,048 withheld; 3,029,652 broker non-votes.
Napco Security reports record Q1 revenue $49.2M (+11.7% YoY); EPS $0.34 vs $0.30
Equipment revenue rose 12.3% to $25.7M; recurring service revenue up 11.1% to $23.4M at 90% gross margin.
Napco Security Q4 EPS $0.33 vs $0.36 YoY; RSR up 10% to $22.4M; declares $0.14 dividend
Net sales Q4 $50.7M (+1% YoY), full year $181.6M (-4% YoY); diluted EPS $0.33 Q4 and $1.19 FY, down 8% and 11%.
Napco Security Q3 EPS $0.28, net sales down 10.8%; RSR up 10.6%; dividend raised to $0.14
Net sales $44.0M (-10.8% YoY); diluted EPS $0.28 vs $0.36 (-22.2%).
Napco Q2 sales $43M (-9.7%), EPS $0.28 vs $0.34; RSR +14.4%, gross margin expands to 57%
Net sales of $43.0M, down 9.7% YoY; diluted EPS $0.28 vs $0.34 in prior year Q2.
Napco Security shareholders elect Lazio and Soloway, ratify Deloitte as auditor
Rick Lazio and Donna A. Soloway re-elected to Board with 20.5M and 20.1M votes for, respectively.
Napco Q1 record revenue $44.0M, net income up 7% to $11.2M, declares $0.125 dividend
Record Q1 net sales $44.0M (+6% YoY); net income $11.2M (+7%, record); diluted EPS $0.30.
Director Paul S. Beeber resigns from Napco Security Technologies board
Paul S. Beeber resigned as director effective September 17, 2024.
NAPCO refutes Fuzzy Panda short-seller report, highlights record revenue and cash
Refutes Fuzzy Panda Sept 5 report; independent investigation found no evidence supporting allegations.
Q4 revenue record $50.3M (+13% YoY); net income record $13.5M (+28%); diluted EPS $0.36 vs $0.28.
Napco posts record Q3 revenue $49.3M, net income $13.2M; promotes Buchel to President & COO
Q3 net sales $49.3M (+13% YoY); net income $13.2M (+38% YoY); EPS $0.36 (+38%).
CEO Richard Soloway prices secondary offering of 2M shares at $40.75 per share
Chairman/CEO Richard Soloway selling 2M shares (plus 300k option) at $40.75/share in underwritten offering.
Napco Security amends credit agreement, extends term to 2029 and doubles revolver to $20M
Term of revolving credit facility extended from June 2024 to February 9, 2029.
NAPCO reports record Q2 revenue $47.5M, net income $12.6M, EPS $0.34; dividend raised 25% to $0.10
Net sales Q2 record $47.5M (+12% YoY); six-month record $89.2M (+9%).
NAPCO stockholders elect directors and ratify Deloitte as auditor at annual meeting
Andrew J. Wilder elected with 22,048,475 votes for; 8,361,472 withheld.
Napco Q1 FY2024 revenue $41.7M, net income $10.5M (+239%), dividend $0.08 declared
Net sales $41.7M (Q1 record), up 6% YoY; net income $10.5M (+239%); diluted EPS $0.28 vs $0.08.
NAPCO Security Technologies appoints Deloitte & Touche as new auditor for FY2024
Audit Committee appointed Deloitte & Touche as independent auditor for fiscal year ending June 30, 2024.
NAPCO Security Technologies dismisses Baker Tilly as auditor; seeks new firm
Audit Committee decided to dismiss Baker Tilly effective upon filing of Q1 FY2024 10-Q on October 23, 2023.
NAPCO reports record Q4 and FY2023 results; quarterly dividend increased 28%
Net sales for FY2023 up 18% to $170M; net income up 38% to $27.1M; diluted EPS $0.73 vs $0.53 last year.
Napco reports Q4 record revenue $44.7M; restates prior three quarters, cuts net income drastically
Preliminary Q4 net sales of $44.7M (record); net income estimated $10.0-11.0M.
NAPCO Security posts record Q3 net income of $10.8M; initiates quarterly dividend
Q3 net sales record $43.5M (+21% YoY); net income $10.8M (+231%) with diluted EPS $0.29.
Insiders to sell 2.1M shares at $31.50 in secondary offering; company receives no proceeds
Richard Soloway (CEO/Chairman) and Kevin Buchel (CFO) selling 2.1M shares at $31.50 each.
NAPCO Q2 FY2023: Record net sales $42.3M (+27% YoY); net income $8.4M (vs $1.0M); EPS $0.23
Q2 net sales $42.3M, up 27% YoY; recurring service revenue $14.9M (+35%) with 89% gross margin.
Napco Security appoints David Paterson to Board of Directors
Board expanded to eight members; David Paterson appointed to serve until after fiscal 2025 annual meeting.
Napco Security shareholders approve all proposals at annual meeting
Richard Soloway and Kevin Buchel elected directors with 25.6M and 26.4M votes for, respectively.
Napco Security Q1 FY2023 sales up 27% to record $39.5M; recurring revenue up 35% to $13.8M
Net sales $39.5M (Q1 record), up 27% YoY; recurring service revenue $13.8M, up 35% YoY.
Napco Q4 sales record $43.2M (+22% YoY); net income up 36% to $7.5M
Q4 revenue record $43.2M (+22% YoY); fiscal year revenue $143.6M (+26% YoY).
Napco Security restates FY 2019-2021 financials; inventory reserves errors, material weakness
Audit committee concluded FY 2019-2021 audited financials and auditor's opinion should no longer be relied upon.
Napco Q3 sales record $35.9M (+27% YoY), net income down 34% to $2.9M on supply chain hits
Q3 net sales record $35.9M (+27% YoY); recurring service revenue $12.0M (+35%) with 87% gross margin.
Napco Q2 revenue up 23% to record $33.4M; net income falls 68% to $1.0M on supply chain woes
Recurring service revenue grew 35% to $11.0M with 87% gross margin; annualized run rate $46.2M.
Napco Security declares 2-for-1 stock split; authorized shares to 100M
Board declared 100% stock dividend (2-for-1 split) payable Jan 4, 2022 to holders of record Dec 20, 2021.
Napco Q1 FY2022: Revenue +34% to $31.1M, EPS $0.42 vs $0.13 YoY, record net income $7.8M
Net sales rose 34% YoY to a quarterly record $31.1M; recurring service revenue up 41% to $10.2M with 86% gross margin.
Napco Q4 net sales $35.4M (+54%), EPS $0.27; FY21 net income $14.9M (+75%)
Q4 net sales record $35.4M (+54% YoY); recurring service revenue $9.5M (+43%) with 87% gross margin.
Mr. Richard Soloway, currently Chairman and Chief Executive Officer, will serve as Founder and Executive Chairman
Mr. Kevin Buchel, currently President and Chief Operating Officer, will serve as Chief Executive Officer and President
On May 2, 2025, Andrew Vuono was appointed Chief Financial Officer reporting to Kevin Buchel, which will be effective May 6, 2025.
Mr. Buchel, who was formerly both President, Chief Operating Officer and Chief Financial Officer will continue as President and Chief Operating Officer.
On September 17, 2024, Paul S. Beeber resigned as a director of the Company effective as of that date.
Effective May 2, 2024, Kevin Buchel has been promoted to President & Chief Operating Officer while maintaining his position as Chief Financial Officer.
Also, Effective May 2, 2024, Michael Carrieri has been promoted to Executive Vice President of Engineering & Chief Technology Officer.
On May 2, 2024, Andrew Vuono was appointed as the Company’s Senior Vice President of Finance and Chief Accounting Officer.
appointed David Paterson to the Company’s Board of Directors to serve for a term ending at the Annual Meeting of Stockholders following the Company’s fiscal year ending June 30, 2025.
Max materiality 0.85 · Median 0.75 · Most common event earnings