This is a very interesting development: Napco Security Technologies, Inc.’s (NASDAQ:NSSC)

On 11 Sep 2019, Napco Security Technologies, Inc.’s (NASDAQ:NSSC) above/below +3.87% and ended at $26.06. The stock market capitalization arrived at $481.531M and total traded volume was 148,011 shares. During last trade, its maximum trading price was registered $26.27 and it’s the minimum trading price was noted $24.95.

NAPCO Security Technologies, Inc. (NSSC) recently stated financial results for its fourth quarter and fiscal year ended June 30, 2019.

Financial Highlights:

  • Net sales for the quarter increased 9% to a record $29.6Mas contrast to $27.3M for the same quarter last year. Net sales for the fiscal year were a record $102.9M, a 12% increase, as contrast to $91.7M for FY2018.
  • Recurring service revenue for the quarter increased 44% to $5.0Mas contrast to $3.4M for the same quarter last year and for the fiscal year increased 45% to $17.4M from $12.0M last year. Recurring service revenue now has a prospective yearly run rate of $20.4M based on June 2019 recurring revenues.
  • Net income for the quarter increased 28% to a fourth quarter record of $4.7Mfrom $3.7M a year ago. Net income for the fiscal year increased 60% to a record $12.2M from $7.6M a year ago.
  • Earnings per share (diluted) for the quarter increased 30% to $0.26, as contrast to $0.20for the same period a year ago. Earnings per share (diluted) for the fiscal year increased 61% to $0.66, as contrast to $0.41 for the same period a year ago.
  • Adjusted EBITDA* for the quarter increased 10% to $5.2Mfrom $4.7M a year ago. Adjusted EBITDA* for fiscal 2019 increased 51% to $15.0M from $10.0M in fiscal 2018.

Financial Results

Net sales for the three months ended June 30, 2019 increased 9% to a record fourth quarter revenue of $29.6M, as contrast to $27.3M for the same period one year ago. Net sales for the fiscal year ended June 30, 2019 increased 12% to $102.9M, as contrast to $91.7M for the same period one year ago. Research and development costs for the quarter increased 8% to $1.9M or 6.3% of sales as contrast to $1.7M or 6.3% of sales last year. Research and development costs for fiscal year 2019 increased 9% to $7.2M or 7% of sales as contrast to $6.6M or 7.2% of sales last year. Selling, general and administrative expenses for the quarter increased 3% to $6.3M, or 21.3% of sales, as contrast to $6.1M, or 22.5% of sales for the same period last year. Selling, general and administrative expenses for the fiscal year ended June 30, 2019 increased 1% to $23.2M, or 22.6% of sales, as contrast to $23.0M, or 25.0% of sales for the same period last year.

Operating income for the three months ended June 30, 2019 increased 11% to $4.8M as contrast to $4.3M for the same period a year ago, Operating income for the fiscal year ended June 30, 2019 increased 60% to $13.5M, as contrast to $8.4M for the same period a year ago.

Net income for the three months ended June 30, 2019 increased 28% to a fourth quarter record of $4.7M, or $0.26 per diluted share, as contrast to $3.7M, or $0.20 per share, for the same quarter last year. Net income for the fiscal year ended June 30, 2019 increased 60% to a record $12.2M, or $0.66 per diluted share, as contrast to $7.6M, or $0.41 per share, for the same period last year.

Adjusted EBITDA* for the three months ended June 30, 2019 increased 10% to $5.2M, or $0.28 per diluted share, as contrast to $4.7M, or $0.25 per diluted share for the same period last year. Adjusted EBITDA* for the fiscal year ended June 30, 2019 increased 51% to  $15.0M, or $0.81 per diluted share, as contrast to $10.0M, or $0.53 per diluted share for the same period last year.

NSSC has price-to-cash ratio of 87.18 and price to sale ratio of 4.66. The company net profit margin is 9.60% and gross profit margin is 42.60%. A look on the firm performance, its monthly performance is -16.69% and a quarterly performance of -14.05%.  

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