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AI brief of an SEC Form 8-K · Napco Security Technologies (NSSC)

NAPCO Q2 Net Income Rises 221% to $12.6 Million on 12% Sales Gain

Positive Impact 3 of 5 earnings Written later

NAPCO Security Technologies reported fiscal second-quarter 2024 results for the quarter ended December 31, 2023, with net sales up 12% to $47.5 million and net income up 221% to $12.6 million, or $0.34 per diluted share. The board also declared a quarterly dividend of $0.10 per share, a 25% increase over the prior $0.08 payment, payable March 22, 2024.

Key points

  • Net sales rose 12% to $47.5 million versus $42.3 million a year earlier, the company's highest quarterly sales as stated in the filing.
  • Net income rose 221% to $12.6 million, or $0.34 per diluted share, compared with $3.9 million, or $0.11 per diluted share.
  • Recurring service revenue rose 25% to $18.5 million, with a 90% gross margin, and the company reported no debt as of December 31, 2023.
  • Quarterly dividend of $0.10 per share is payable March 22, 2024, to holders of record on March 1, 2024.

The filing

CompanyNapco Security Technologies (NSSC)
Form8-K, current report
Filed with the SECFeb 5, 2024, 2:38 PM ET
Accession number0001558370-24-000759

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 05, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.