NASDAQ$NSSC
Napco Security Technologies Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
NAPCO reported record revenues, net income, and adjusted EBITDA for Q2 of fiscal year 2024.
NAPCO Security Technologies reported a strong second quarter in fiscal 2024, marked by record revenues, net income, and adjusted EBITDA. Net sales increased by 12% to $47.5 million, driven by a 25% increase in recurring service revenues and growth in equipment revenues. Net income soared by 221% to $12.6 million, and adjusted EBITDA increased by 191% to $15.1 million.
- Net sales increased by 12% to $47.5 million, the highest quarterly sales in the Company’s history.
- Recurring service revenue increased by 25% to $18.5 million with a gross margin of 90%.
- Net income increased by 221% to $12.6 million.
- Adjusted EBITDA increased by 191% to $15.1 million.
Headline financials
Revenue & EPS history
Napco · Revenue · Quarterly
$47.5M
Revenue by segment
Napco · $16.1M total across 1 segment · Q4 2023
- Recurring Services$16.1M—100.0%
Forward guidance
NAPCO is focused on product innovation, technical superiority, and strong profitability, with a commitment to continued financial strength and the ongoing dividend program.
Tailwinds
- Improved gross margin for hardware sales is expected to increase further as the fiscal year progresses.
- Strong net income and Adjusted EBITDA* margins indicate the financial strength of our business.
- The company is set to pay another dividend of $0.10 per share on March 22, 2024.
- Company is focused on product innovation.
- Company is focused on technical superiority.
Headwinds
- There is more work to be done in the second half of fiscal 2024.
- Radio sales were still 13% below the radio sales for Q2 last year.
- We are encouraged with the improved gross margin for hardware sales of 29%, we believe this could improve further as the fiscal year progresses.
- The Company undertakes no duty to update such information, except as required under applicable law
- Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements
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 Q2 2024
+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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro