NAPCO Announces Third Quarter Fiscal 2021 Results
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NAPCO Security Tech (NSSC) Tops Q3 EPS by 7c, Revenues Beat
May 10, 2021 8:08 AM EDTNAPCO Security Tech (NASDAQ: NSSC) reported Q3 EPS of $0.24, $0.07 better than the analyst estimate of $0.17. Revenue for the quarter came in at $28.2 million versus the consensus estimate of $27.68 million.
Financial Highlights:
Net sales for the quarter was a third quarter record of $28.2 million as compared to $26.2 million for the same period last year, an 8% increase.Recurring service revenue for the quarter increased 43% to $8.9 million as compared to $6.2 million for the same period last year. Recurring service revenue now has a prospective annual run rate of $36.7 million based on March 2021... More