Peter Costa's questions to NAPCO SECURITY TECHNOLOGIES (NSSC) leadership • Q4 2025
Question
Peter Costa from Mizuho inquired about the channel uptake and long-term opportunity for the new MVP and Primo product launches. He also asked about the expected timing for the recent increase in the ARR run rate to translate into accelerated quarterly service revenue growth.
Answer
Chairman and CEO Dick Soloway detailed the MVP cloud-based access control system, positioning it as a future strong growth contributor for both enterprise and smaller business markets. President and COO Kevin Buchel addressed the revenue question, stating that the company expects to sustain its 10% year-over-year recurring revenue growth rate, and potentially improve upon it, in fiscal 2026.