NSSC

NAPCO Reports Record Revenues, Net Income and Adjusted EBITDA* for Q3 of Fiscal 2024

Retrieved on: 
Monday, May 6, 2024
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Net sales for the nine months ended March 31, 2024 increased 10% to a nine month record $138.5 million as compared to $125.3 million last year.

Key Points: 
  • Net sales for the nine months ended March 31, 2024 increased 10% to a nine month record $138.5 million as compared to $125.3 million last year.
  • Net income for the quarter increased 38% to a quarterly record $13.2 million as compared to $9.5 million for the same period a year ago.
  • Net income for the nine months ended March 31, 2024 increased 119% to a nine month record $36.3 million as compared to $16.6 million last year.
  • Net income of $13.2 million, besides being a Q3 record breaker, represents 27% of our net sales.

NAPCO Announces Management and Organizational Enhancements

Retrieved on: 
Thursday, May 2, 2024
CFO, Carrieri, Communication, Napco Security Technologies, Controller, Senior, NSSC, Comptroller, NAPCO, Growth, Engineering, Management

AMITYVILLE, N.Y., May 2, 2024 /PRNewswire/ -- NAPCO Security Technologies, Inc. (NASDAQ: NSSC), one of the leading manufacturers and designers of high-tech electronic security equipment, wireless communication devices for intrusion and fire alarm systems and the related recurring service revenues as well as a provider of school safety solutions, today announced exciting changes aimed at bolstering its management team with new roles, promotions, and the addition of a new upper management team member, all to keep our business steadily growing for many years to come. The Company's recruiting efforts to attract superior talent across our business divisions is consistent and ongoing.

Key Points: 
  • Mr. Buchel will continue to report directly to NAPCO Founder, Richard Soloway.
  • Mr. Soloway, who will continue under his present titles of Chairman & CEO, commented: "Kevin has been with NAPCO for 30 years in various management positions, most recently as our Executive VP and CFO.
  • The appointment of Kevin as President & COO is well-deserved, and comes at an exciting time at NAPCO as we continue to grow both revenues and our earning metrics.
  • I am confident that under this role, NAPCO will continue to achieve significant milestones in revenues and profits for many years to come."

NAPCO Security Technologies to Announce Fiscal Third Quarter 2024 Results Monday, May 6, 2024

Retrieved on: 
Wednesday, May 1, 2024
NAPCO, Communication, NSSC, Webcast

ET.

Key Points: 
  • ET.
  • The call will be webcast and in order to participate please go to the Investor Relations section of the Company website at https://investor.napcosecurity.com or https://app.webinar.net/xLEVzyvae31 .
  • Alternatively, interested parties may participate in the call by dialing (US) 1-800-836-8184 or 1-646-357-8785.
  • A replay of the webcast will be available on the Investor Relations section of the Company's website.

NAPCO ALERT: Bragar Eagel & Squire, P.C. is Investigating NAPCO Security Technologies, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Retrieved on: 
Tuesday, April 2, 2024
NAPCO, Napco Security Technologies, Telephone, P.C, COGS, NSSC

NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against NAPCO Security Technologies, Inc. (NASDAQ: NSSC) on behalf of long-term stockholders following a class action complaint that was filed against NAPCO on August 29, 2023 with a Class Period from November 7, 2022 to August 18, 2023.

Key Points: 
  • NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against NAPCO Security Technologies, Inc. (NASDAQ: NSSC) on behalf of long-term stockholders following a class action complaint that was filed against NAPCO on August 29, 2023 with a Class Period from November 7, 2022 to August 18, 2023.
  • Our investigation concerns whether the board of directors of NAPCO have breached their fiduciary duties to the company.
  • If you are a long-term stockholder of NAPCO, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at [email protected] , by telephone at (212) 355-4648, or by filling out this contact form .
  • There is no cost or obligation to you.

NAPCO SECURITY INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of NAPCO Security Technologies, Inc. - NSSC

Retrieved on: 
Friday, March 22, 2024
Class Action Lawsuit, Professional Services, Legal, KSF, NAPCO, COGS, NSSC

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into NAPCO Security Technologies, Inc. (NasdaqGS: NSSC).

Key Points: 
  • Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into NAPCO Security Technologies, Inc. (NasdaqGS: NSSC).
  • KSF’s investigation is focusing on whether NAPCO’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.
  • About Kahn Swick & Foti, LLC
    KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms.
  • KSF has offices in New York, Delaware, California, Louisiana and New Jersey.

NAPCO Security Technologies to Attend ISC West 2024

Retrieved on: 
Tuesday, April 2, 2024
Sole, Conference, Communication, Electronic, International, Expo Center, NSSC, Record, Access control, ISC, Exposition, Architecture, Locksmithing

AMITYVILLE, N.Y., April 2, 2024 /PRNewswire/ -- NAPCO Security Technologies, Inc. (NASDAQ: NSSC), one of the leading designers and manufacturers of high-tech electronic security devices, wireless recurring communication services for intrusion, commercial fire alarm, access control and locking applications, as well as a leading provider of school safety solutions, today announced that it will be showcasing its wide range of products at the International Security Conference & Exposition, ISC West 2024 trade show taking place in Las Vegas, NV, April 9-12 at the Venetian Expo Center. 

Key Points: 
  • Richard Soloway, CEO of NAPCO, commented "We are excited to be a featured exhibitor at ISC West again this year.
  • Prominently located immediately inside the main entrance of the show, our booth (#12031) is all-new and designed to present our full line of security product solutions (80% commercial) in a powerful way to the tens of thousands of security professionals in attendance.
  • Our full NAPCO sales team, management and technical trainers will be on hand, staffing the booth, and providing interactive product introductions.
  • We also have several onsite social and educational events planned, to further engage and expand our customer base.

NAPCO Security Technologies To Attend the J.P. Morgan Industrials Conference Thursday, March 14, 2024, in New York City

Retrieved on: 
Tuesday, March 12, 2024
NAPCO, Conference, J. P. Morgan, Madison Avenue, Communication, NSSC, Cryptocurrency

NAPCO management will host meetings at the Conference on March 14.

Key Points: 
  • NAPCO management will host meetings at the Conference on March 14.
  • The annual run rate for recurring revenue is now $76.5 million based on January 2024 recurring revenues.
  • In addition, we will be discussing the recent introduction of Prima by NAPCO, a new All-in-One Panel for security, fire, video and connected home which addresses an important mass segment of the security market including residential and small business systems.
  • To receive additional information, request an in person one on one invitation, please contact your J.P. Morgan sales representative or Francis Okoniewski, Vice President, Investor Relations for NAPCO at [email protected] .

NAPCO SECURITY INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of NAPCO Security Technologies, Inc. - NSSC

Retrieved on: 
Monday, February 26, 2024
Class Action Lawsuit, Professional Services, Legal, KSF, NAPCO, NSSC, COGS

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into NAPCO Security Technologies, Inc. (NasdaqGS: NSSC).

Key Points: 
  • Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into NAPCO Security Technologies, Inc. (NasdaqGS: NSSC).
  • KSF’s investigation is focusing on whether NAPCO’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.
  • About Kahn Swick & Foti, LLC
    KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms.
  • KSF has offices in New York, Delaware, California, Louisiana and New Jersey.

NAPCO Security Technologies Announces Pricing of Secondary Public Offering of Up to 2,300,000 Shares of Common Stock by Selling Stockholder

Retrieved on: 
Wednesday, March 6, 2024
NAPCO, Lexington Avenue, Prospectus, Telephone, Sale, Form, Communication, Needham & Company, Security (finance), NSSC, Offering

The shares are being sold by the Company's Chairman of the Board and President and Chief Executive Officer, Richard L. Soloway (the "Selling Stockholder").

Key Points: 
  • The shares are being sold by the Company's Chairman of the Board and President and Chief Executive Officer, Richard L. Soloway (the "Selling Stockholder").
  • Additionally, the Selling Stockholder has granted the underwriters a 30-day option to purchase from the Selling Stockholder up to an additional 300,000 shares of common stock at the public offering price.
  • The Company is not issuing or selling any shares of common stock in the Offering and therefore will not receive any of the proceeds from the sale of common stock in the Offering by the Selling Stockholder.
  • The securities described above are being offered by the Selling Stockholder pursuant to an effective registration statement on Form S-3ASR (File No.

NAPCO Security Technologies Announces Secondary Public Offering of Shares of Common Stock by Selling Stockholder

Retrieved on: 
Tuesday, March 5, 2024
NAPCO, Lexington Avenue, Prospectus, Telephone, Sale, Form, Communication, Needham & Company, Security (finance), NSSC

The Selling Stockholder expects to grant the underwriters a 30-day option to purchase additional shares of common stock at the public offering price, less underwriting discounts and commissions.

Key Points: 
  • The Selling Stockholder expects to grant the underwriters a 30-day option to purchase additional shares of common stock at the public offering price, less underwriting discounts and commissions.
  • NAPCO is not issuing or selling any shares of common stock in the offering and therefore will not receive any of the proceeds from the sale of the outstanding shares of common stock by the Selling Stockholder, and the offering will not result in dilution to existing stockholders.
  • Needham & Company and TD Cowen are acting as joint book-runners for the offering, and D.A.
  • A copy of the preliminary prospectus supplement and the accompanying prospectus relating to and describing the offering will be filed with the SEC.