NAPCO Announces Second Quarter Fiscal 2021 Results
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NAPCO Security Tech (NSSC) Tops Q2 EPS by 6c, Revenues Beat
February 8, 2021 8:07 AM ESTNAPCO Security Tech (NASDAQ: NSSC) reported Q2 EPS of $0.17, $0.06 better than the analyst estimate of $0.11. Revenue for the quarter came in at $27.2 million versus the consensus estimate of $24.17 million.
Financial Highlights:
Net sales for the quarter were a second quarter record of $27.2 million as compared to $23.2 million last quarter, representing a 17% increase, and $25.8 million for the same period last year, a 5% increase.Recurring service revenue for the quarter increased 42% to $8.2 million as compared to $5.8 million for the same period last year. Recurring service revenue now has a prospective annual run rate of... More