NAPCO SECURITY TECHNOLOGIES, INC (NSSC) Form 8-K — Nov 2, 2026
NAPCO Security Technologies reported fiscal Q1 2027 results with record Q1 net revenue of $50.0 million (+1.7% YoY) and record Q1 net income of $13.0 million (+6.9%), with diluted EPS of $0.36. Recurring service revenue was the standout, growing 11.5% to a record $26.1 million with over 90% gross margin and a prospective annual run rate of approximately $106 million. Equipment revenue declined 7.3% to $23.9 million, which management attributed to two locking distributors reducing purchases while their sell-through grew year-over-year. The board declared a quarterly dividend of $0.17 per share payable January 4, 2027 to holders of record December 14, 2026.
Key figures
- Eps
- 0.36
- Revenue
- 49980000
- Net Income
- 13009000
- Revenue Yoy
- 1.7%
- Total Assets
- 231471000
- Cash Position
- 123882000
- Gross margin
- 58.7%
- Free cash flow
- 2317000
- Adjusted ebitda
- 15509000
- Equipment revenue
- 23850000
- Dividend per share
- 0.17
- Shares outstanding
- 35768437
- Rsr annual run rate
- approximately $106 million
- Dividend record date
- 2026-12-14
- Dividend payable date
- 2027-01-04
- Free cash flow change
- -79.8%
- Adjusted ebitda margin
- 31.0%
- Equipment revenue change
- -7.3%
- Recurring service revenue
- 26100000
- Recurring service revenue growth
- 11.5%
AI analysis
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