NASDAQ$NSSC
Napco Security Technologies Inc · Q1 2025 earnings
Q1 2025 earnings · · Investor relations
Briefing
NAPCO's Q1 2025 financial results were announced, featuring record revenue and net income for any first quarter in the company's history.
NAPCO Security Technologies reported a 6% increase in net sales, reaching a Q1 record of $44.0 million, and a 7% increase in net income, also a Q1 record, at $11.2 million. Recurring service revenues increased by 22% to $21.1 million, while adjusted EBITDA decreased by 4% to $12.3 million.
- Net sales increased by 6% to a record $44.0 million for Q1.
- Recurring service revenue increased by 22% to $21.1 million.
- Net income increased by 7% to a record $11.2 million for Q1.
- The board declared a quarterly dividend of $0.125 per share.
Headline financials
Revenue & EPS history
Napco · Revenue · Quarterly
$44M
Revenue by segment
Napco · $16.1M total across 1 segment · Q4 2023
- Recurring Services$16.1M—100.0%
Forward guidance
NAPCO anticipates improvements in locking sales once distributors complete the reduction of their inventory levels, which should lead to improved equipment revenue, improved equipment gross margins and the continuation of very profitable recurring revenue.
Tailwinds
- Strength of Starlink radio sales, particularly the Starlink Fire radio.
- Expectation is that Starlink radio sales will remain strong.
- Anticipated improvement in locking sales once distributors complete the reduction of their inventory levels.
- Improved equipment revenue.
- Continuation of very profitable recurring revenue.
Headwinds
- Disappointment in overall equipment sales.
- Locking sales decreased 8% compared to last year.
- Locking products represents approximately 60% of equipment revenues.
- Robust radio sales have a negative impact on overall equipment gross margins.
- Equipment revenue decreased 6% for the quarter.
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 2025
+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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