NASDAQ$NSSC
Napco Security Technologies Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
NAPCO's first quarter of fiscal year 2023 resulted in record sales and increased recurring service revenues.
NAPCO Security Technologies reported a 27% increase in net sales to a record $39.5 million for the first quarter of fiscal 2023. Recurring service revenues increased by 35% to $13.8 million, with gross margins of 88%. Net income was $6.4 million, and Adjusted EBITDA was $8.3 million.
- Net sales increased by 27% to a Q1 record of $39.5 million.
- Recurring service revenue increased by 35% to $13.8 million with gross margins of 88%.
- Net income was $6.4 million, compared to $7.8 million for the same period last year.
- Adjusted EBITDA increased by 77% to $8.3 million.
Headline financials
Revenue & EPS history
Napco · Revenue · Quarterly
$39.5M
Revenue by segment
Napco · $16.1M total across 1 segment · Q4 2023
- Recurring Services$16.1M—100.0%
Forward guidance
NAPCO is confident in its ability to navigate the challenging operating environment and deliver strong growth in both equipment and recurring revenue by leveraging its experienced management team and focusing on seamless security solutions.
Tailwinds
- Demand for products and services remains strong.
- Management team has experience in dealing with supply chain shortages.
- Focus on providing seamless security solutions.
- Growth in recurring revenue is expected to continue.
- New products like Air Access are expected to generate new recurring revenue.
Headwinds
- Challenging operating environment.
- Ongoing logistical challenges within supply chains.
- Uncertain economic environment.
- Volatility associated with current global supply chain constraints.
- Significant inventory increase due to purchasing difficult to get electronic components.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+1.4%
Avg return
Earnings day
+2.7%
Avg return
5 days after
+7.5%
Avg return
30 days after
45%
29 / 64 earnings
Positive
+33.0%
Q1 2024
Best reaction
-26.6%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -15.2% | -12.6% | -22.9% | |
| Q2 2026 | +11.4% | +18.3% | +18.1% | |
| Q1 2026 | -6.8% | -4.6% | -7.1% | |
| Q3 2025 | +3.6% | +10.9% | +20.2% | |
| Q2 2025 | -26.6% | -29.9% | -33.7% | |
| Q1 2025 | -6.9% | +0.2% | +5.7% | |
| Q4 2024 | -16.4% | -16.4% | -25.2% | |
| Q3 2024 | +7.7% | +4.5% | +22.0% | |
| Q2 2024 | +21.3% | +25.7% | +14.9% | |
| Q1 2024 | +33.0% | +35.6% | +69.5% | |
| Q4 2023 | +8.9% | -38.4% | -38.6% | |
| Q3 2023 | +20.9% | +22.8% | +39.2% | |
| Q2 2023 | +14.3% | +1.6% | +8.8% | |
| Q1 2023 | +8.9% | +13.0% | +5.0% | |
| Q4 2022 | +16.3% | +13.9% | +17.2% | |
| Q3 2022 | -2.2% | +4.0% | +21.9% | |
| Q2 2022 | -2.9% | -3.9% | -0.1% | |
| Q1 2022 | -5.9% | -3.4% | +2.5% | |
| Q4 2021 | +18.5% | +8.7% | +18.3% | |
| Q3 2021 | -1.8% | -2.9% | +1.5% | |
| Q2 2021 | +15.1% | +20.6% | +33.5% | |
| Q1 2021 | +10.3% | +16.3% | +25.3% | |
| Q4 2020 | -4.8% | -3.3% | +5.6% | |
| Q3 2020 | +12.2% | +19.1% | +34.0% | |
| Q2 2020 | -25.6% | -23.3% | -30.0% | |
| Q1 2020 | -0.1% | -1.6% | +4.3% | |
| Q4 2019 | -24.0% | -25.3% | -26.2% | |
| Q3 2019 | +12.0% | +10.6% | +21.2% | |
| Q2 2019 | +21.8% | +29.7% | +32.9% | |
| Q1 2019 | +12.9% | +15.0% | +7.8% | |
| Q4 2018 | +2.0% | +2.0% | -3.6% | |
| Q3 2018 | +7.9% | +7.3% | +7.8% | |
| Q2 2018 | -0.4% | -0.5% | +1.6% | |
| Q1 2018 | -3.4% | -5.1% | -5.6% | |
| Q4 2017 | +18.6% | +9.0% | +28.4% | |
| Q3 2017 | -5.0% | -10.0% | -6.7% | |
| Q2 2017 | -0.6% | -2.7% | +6.5% | |
| Q1 2017 | +4.8% | +6.4% | +19.1% | |
| Q4 2016 | -5.9% | -7.3% | -2.0% | |
| Q3 2016 | -0.7% | — | — | |
| Q2 2016 | -2.6% | — | — | |
| Q1 2016 | -4.4% | — | — | |
| Q4 2015 | -3.1% | — | — | |
| Q3 2015 | +2.7% | — | — | |
| Q2 2015 | +8.0% | — | — | |
| Q1 2015 | -6.1% | — | — | |
| Q4 2014 | +5.1% | — | — | |
| Q3 2014 | +7.2% | — | — | |
| Q2 2014 | -5.9% | — | — | |
| Q1 2014 | -1.3% | — | — | |
| Q4 2013 | -1.8% | — | — | |
| Q3 2013 | -1.8% | — | — | |
| Q2 2013 | +2.9% | — | — | |
| Q1 2013 | -3.7% | — | — | |
| Q4 2012 | +7.6% | — | — | |
| Q3 2011 | -7.7% | — | — | |
| Q3 2012 | -7.7% | — | — | |
| Q2 2011 | -10.7% | — | — | |
| Q2 2012 | -10.7% | — | — | |
| Q1 2012 | -1.8% | — | — | |
| Q4 2011 | +1.8% | — | — | |
| Q1 2011 | +1.8% | — | — | |
| Q4 2010 | -2.2% | — | — | |
| Q3 2010 | -0.9% | — | — |
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