NAPCO Security Tech (NSSC) Misses Q1 EPS by 1c, Slight Miss on Revenues

NAPCO Security Tech (NASDAQ: NSSC) reported Q1 EPS of $0.05, $0.01 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $21.2 million versus the consensus estimate of $21.56 million.

Financial Highlights:

• Net sales for the quarter were a record $21.2 million, up 5% from the same quarter last year.
• Recurring revenue for the quarter (which are included in net sales) increased 56% and now has a prospective annual run rate of $10.6 million based on September 2017 recurring revenue.**
• Income before taxes for the quarter 2017 increased 49% to $1,033,000 from $692,000 a year ago.
• Earnings per share (diluted) for the quarter was $0.05, as compared to $0.03 for the same period a year ago.

For earnings history and earnings-related data on NAPCO Security Tech (NSSC) click here.

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