NAPCO Announces First Fiscal Quarter 2020 Results

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NAPCO Security Tech (NSSC) Tops Q1 EPS by 3c

November 4, 2019 8:02 AM EST

NAPCO Security Tech (NASDAQ: NSSC) reported Q1 EPS of $0.17, $0.03 better than the analyst estimate of $0.14. Revenue for the quarter came in at $26.3 million versus the consensus estimate of $25.98 million.

Net sales for the quarter increased 12% to a first quarter record $26.3 million as compared to $23.4 million for the same quarter last year.Recurring service revenue for the quarter increased 42% to $5.4 million as compared to $3.8 million for the same quarter last year. Recurring service revenue now has a prospective annual run rate of $21.9 million based on September 2019 recurring revenues.Net income... More