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    NAPCO Security Technologies Inc (NSSC)

    Financials

    Updated Jun 18, 2025, 9:18 AM UTC
    Income Statement - MetricQ1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025Q2 2025Q3 2025
    Equipment revenues (USD, thousands)24,39129,00729,73529,938.00113,07122,91721,72522,351
    Service revenues (USD, thousands)17,28518,54019,53220,392.0075,74921,08621,20821,610
    Total Net Sales (USD, thousands)41,67647,54749,26750,330.00188,82044,00342,93343,961
    Equipment related expenses (USD, thousands)17,49720,65621,17920,530.0079,86217,51016,60616,852
    Service-related expenses (USD, thousands)1,7661,8791,6041,955.007,2041,8771,8381,982
    Total Cost of sales (USD, thousands)19,26322,53522,78322,485.0087,06619,38718,44418,834
    Gross Profit (USD, thousands)22,41325,01226,48427,845.00101,75424,61624,48925,127
    Research and development (USD, thousands)2,4372,5422,7573,027.0010,7633,0573,1073,185
    Selling, general, and administrative expenses (USD, thousands)8,4218,6659,23310,854.0037,1739,70310,21110,796
    Total Operating Expenses (USD, thousands)10,85811,20711,99013,881.0047,93612,76013,31813,981
    Operating Income (USD, thousands)11,55513,80514,49413,964.0053,81811,85611,17111,146
    Interest and other income, net (USD, thousands)440729637762.002,5681,144921862
    Gain on extinguishment of debt (USD, thousands)--------
    Income before Provision for Income Taxes (USD, thousands)11,99514,53415,13114,726.0056,38613,00012,09212,008
    Provision for Income Taxes (USD, thousands)1,5171,9241,9351,192.006,5681,8151,6251,886
    Net Income (USD, thousands)10,47812,61013,19613,534.0049,81811,18510,46710,122
    Income per share: Basic (USD)0.280.340.360.371.350.300.290.28
    Income per share: Diluted (USD)0.280.340.360.361.340.300.280.28
    Weighted average number of shares outstanding: Basic36,827,00036,829,00036,835,000(73,679,000.00)36,812,00036,865,00036,538,00036,111,000
    Weighted average number of shares outstanding: Diluted37,076,00037,018,00037,118,000(74,146,000.00)37,066,00037,180,00036,776,00036,253,000
    Balance Sheet - MetricQ1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025Q2 2025Q3 2025
    Cash and cash equivalents (USD, thousands)43,57747,31155,51865,34165,34185,59686,01973,413
    Investments - other (USD, thousands)25,93126,33226,67126,98026,98010,92600
    Marketable securities (USD, thousands)5,1215,3245,3485,3985,3985,66613,17615,884
    Accounts receivable, net (USD, thousands)22,92127,55230,27331,89831,89828,23623,45624,250
    Inventories, Current (USD, thousands)36,94639,31637,01034,80434,80436,39537,63434,450
    Income tax receivable (USD, thousands)205367073731441,195958
    Prepaid expenses and other current assets (USD, thousands)3,0723,5263,3794,2694,2694,4663,2523,428
    Total Current Assets (USD, thousands)137,773149,728158,199168,763168,763171,429164,732152,383
    Inventories, Non-current (USD, thousands)17,20113,31813,09315,10915,10913,78212,04012,410
    Property, plant and equipment, net (USD, thousands)9,1129,0718,9789,0779,0779,2879,9159,487
    Intangible assets, net (USD, thousands)3,8553,7713,6863,6023,6023,5233,4453,366
    Deferred income taxes (USD, thousands)2,7324,0574,9835,4285,4286,1777,0127,752
    Operating lease - Right-of-use asset (USD, thousands)5,7225,6425,5645,4875,4875,4105,3355,261
    Other assets (USD, thousands)294291289286286283205204
    TOTAL ASSETS (USD, thousands)176,689185,878194,792207,752207,752209,891202,684190,863
    Accounts payable (USD, thousands)11,0848,2886,9137,9777,9775,9364,5515,401
    Accrued expenses (USD, thousands)7,6369,8449,73710,34510,3459,4468,6808,776
    Accrued salaries and wages (USD, thousands)3,1763,0793,0953,9073,9074,6944,0323,967
    Dividend payable (USD, thousands)-----4,6104,5544,468
    Total Current Liabilities (USD, thousands)21,89621,21119,94822,22922,22924,68621,81722,612
    Accrued income taxes (USD, thousands)1,1331,0821,1021,1221,1221,1361,2231,327
    Operating lease liability (USD, thousands)5,6485,6015,5565,5125,5125,4605,4175,376
    TOTAL LIABILITIES (USD, thousands)28,67727,89426,60628,86328,86331,28228,45729,315
    Common Stock (USD, thousands)397397398398398398398398
    Additional paid-in capital (USD, thousands)21,86022,16322,85523,71223,71224,13724,52324,909
    Retained earnings (USD, thousands)145,276154,945164,454174,300174,300180,875186,788192,443
    Less: Treasury Stock, at cost (USD, thousands)(19,521)(19,521)(19,521)(19,521)(19,521)(26,801)(37,529)(56,315)
    Accumulated other comprehensive income (USD, thousands)------47113
    TOTAL STOCKHOLDERS’ EQUITY (USD, thousands)148,012157,984168,186178,889178,889178,609174,227161,548
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (USD, thousands)176,689185,878194,792207,752207,752209,891202,684190,863
    Cash Flow - MetricQ1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025Q2 2025Q3 2025
    Net income (USD, thousands)10,47812,61013,19613,534.0049,81811,18510,46710,122
    Depreciation and amortization (USD, thousands)537551539536.002,163549584572
    Gain on disposal of fixed asset (USD, thousands)0000.000---
    Interest expense (income) on other investments (USD, thousands)76(93)129(81.00)31(193)(1)0
    Unrealized (gain) loss on marketable securities (USD, thousands)57(128)19(4.00)(56)(157)75(49)
    (Recovery of) Provision for credit losses (USD, thousands)(24)(11)9(73.00)(99)(9)(3)0
    Change to inventory reserve (USD, thousands)822(102)(86)1,057.001,691(235)51262
    Deferred income taxes (USD, thousands)(80)(1,325)(926)(445.00)(2,776)(749)(835)(740)
    Stock based compensation expense (USD, thousands)307303266857.001,733371386386
    Gain on extinguishment of debt (USD, thousands)----0---
    Changes in operating assets and liabilities: Accounts receivable (USD, thousands)3,172(4,620)(2,730)(1,552.00)(5,730)3,6714,783(794)
    Changes in operating assets and liabilities: Inventories (USD, thousands)(6,620)1,6152,617(867.00)(3,255)(30)4522,551
    Changes in operating assets and liabilities: Prepaid expenses and other current assets (USD, thousands)330(454)147(890.00)(867)(197)1,214(176)
    Changes in operating assets and liabilities: Income tax receivable (USD, thousands)(130)(162)367(73.00)2(71)(1,058)224
    Changes in operating assets and liabilities: Other assets (USD, thousands)17323.00253783
    Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes (USD, thousands)2,267(703)(1,210)2,334.002,688(2,113)(2,694)1,018
    Net Cash Provided by Operating Activities (USD, thousands)11,2097,48412,33914,336.0045,36812,02513,49913,379
    Purchases of property, plant, and equipment (USD, thousands)(256)(426)(361)(551.00)(1,594)(680)(1,134)(65)
    Proceeds from disposal of fixed asset (USD, thousands)0000.000---
    Purchases of marketable securities (USD, thousands)(42)(75)(43)(46.00)(206)(111)(7,531)(2,580)
    Purchases of other investments (USD, thousands)(347)(308)(468)(228.00)(1,351)(46)(32)0
    Redemption of other investments (USD, thousands)--0-016,29310,9590
    Net Cash Provided by (Used in) Investing Activities (USD, thousands)(645)(809)(872)(825.00)(3,151)15,4562,262(2,645)
    Proceeds from stock option exercises (USD, thousands)004270.004275400
    Cash paid for dividend (USD, thousands)(2,942)(2,941)(3,687)(3,688.00)(13,258)0(4,610)(4,554)
    Cash paid for purchase of treasury shares (USD, thousands)-----(7,280)(10,728)(18,786)
    Net Cash (Used in) Provided by Financing Activities (USD, thousands)(2,942)(2,941)(3,260)(3,688.00)(12,831)(7,226)(15,338)(23,340)
    Net increase (decrease) in Cash and Cash Equivalents (USD, thousands)7,6223,7348,2079,823.0029,38620,255423(12,606)
    SUPPLEMENTAL CASH FLOW INFORMATION: Interest paid (USD, thousands)0446.001487(15)
    SUPPLEMENTAL CASH FLOW INFORMATION: Income taxes paid (USD, thousands)1,7033,4622,2721,893.009,3302,6203,4312,299
    Non-Cash Investing and Financing Transactions: Cash dividends declared and not paid (USD, thousands)-----4,610(56)(87)
    CASH AND CASH EQUIVALENTS - Beginning (USD, thousands)35,95535,95535,95535,95535,95565,34165,34165,341
    CASH AND CASH EQUIVALENTS - Ending (USD, thousands)43,57747,31155,51865,34165,34185,59686,01973,413
    Revenue by Segment - in Millions of USDQ1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025Q2 2025Q3 2025
    Intrusion and Access Alarm9.29711.2610.148.6739.379.0637.568.049
    Door Locking Devices15.09417.7519.6021.2673.7013.85414.1714.302
    Services17.28518.5419.5320.3975.7521.08621.2121.610
    - Equipment Revenues24.39129.0129.74--22.917--
    - Service Revenues17.28518.5419.53--21.086--
    Total Revenue41.67647.5549.2750.32188.8244.00342.9343.961
    Revenue by Geography - in Millions of USDQ1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025Q2 2025Q3 2025
    Domestic41.37147.29149.00450.06187.72443.68942.67943.482
    Foreign0.3050.2560.2630.271.0960.3140.2540.479
    Total Revenue41.67647.54749.26750.33188.82044.00342.93343.961