NAPCO Security Tech (NASDAQ: NSSC) reported Q1 EPS of $0.08, in-line with the analyst estimate of $0.08. Revenue for the quarter came in at $23.4 million versus the consensus estimate of $22.73 million.

Mr. Soloway added, "As a leader in the wireless cellular security/fire alarm and IoT communicator category, our expansive, unmatchable StarLink line of solutions continued to build market share this quarter. The award-winning StarLink Connect® solution, our IoT communicator, enables dealers to generate incremental RSR by upgrading the estimated 25 million legacy regular alarm systems to offer our iBridge® connected home/business services, giving end-user customers the ability to use an app to remotely operate their security systems, lighting, locks, thermostats, and video cameras, from any smart device.

NAPCO launched the iBridge Video Doorbell, during Q1, which lets consumers know who is at the door and speak to them, real-time, remotely, from any smartphone or smart device. Unlike many of the passive, standalone video doorbells on the market today, our video doorbell can be integrated with both NAPCO and other competitors' security systems, to be able to summon police if trouble is detected, when viewing live video. iBridge Video Doorbell can also be integrated and operated from a singular app to control the powerful iBridge suite of connected home/business, RSR generating services.

NAPCO continues to provide thought leadership and innovation in augmenting school security levels across the U.S. This past quarter saw us add a considerable amount of educational institutions to the list of schools and universities that we help protect across the country. Our Company continues to administer the highly effective SAVI or School Access-control Vulnerability Index and auditing system, where NAPCO dealers, integrators and school security personnel are trained in quantitatively evaluating and scoring any school facility\'s security level and then addressing any deficiency with school-specific security solutions. This security auditing is also increasingly being used to secure public venues, apart from educational facilities, concerned with addressing the growing threat of terrorist activities and active-shooter events. Our high-margin commercial product solutions, such as Alarm Lock Access Control Locks, Marks Architectural Hardware and Continental Enterprise-Class Access Control continued to grow sales and market presence in the Education market vertical."

Mr. Soloway concluded, "We are confident that our plan to consistently increase our sales and the resulting growth in profits, is working well. Our investments in new products, which position us well in high-growth and recurring service revenue markets, have built the foundation for prospective growth. All future indicators and trends seem positive and we look forward to having a strong Fiscal Year 2019."

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