Tag: Financial Results
AITX announces Q1 FY2025 financial results
July 16, 2024SSN Staff
DETROIT — Artificial Intelligence Technology Solutions (AITX), along with its wholly owned subsidiary, Robotic Assistance Devices (RAD), have announced its financial results for the first quarter of fiscal year 2025, which ended on May 31, 2024.
The company reported a 312% increase in revenue over the prior year’s quarter, reaching $1,182,800, and nearly tripled its market value to approximately $74.7 million.
AITX noted that the full SEC filing can be found online at https://tinyurl.com/aitxq1fy25...
Quarter pounded
May 8, 2024Ken Showers, Managing Editor
Dire continuity yields to the march of time as this week marks cleanup for the industry’s quarterly financial results.
One more to go as of writing this and then the second quarter (Q2) 2024 begins for me in earnest, but most companies have probably been eager to get a jump on Q2 for some time now. It’s no secret that it’s been a rough financial quarter for everyone in one way or another, I don’t even think it’s confined to the security industry either! Go peek at...
NAPCO reports record-breaking revenues in Q1 2024
November 6, 2023SSN Staff
AMITYVILLE, N.Y. – NAPCO Security Technologies has announced record-breaking financial results for its first quarter of fiscal year 2024.
Net sales for the quarter increased 6% to $41.7 million (the highest Q1 sales in the Company's history) as compared to $39.5 million for the same period last year. The trend follows from the previous quarter where the company broke its Q4 record with net sales of $44.7 million. Recurring service revenues (RSR) for the quarter increased 25% to...
Resideo announces Q3 2023 financial results
November 6, 2023SSN Staff
SCOTTSDALE, AZ – Resideo Technologies has produced its financial results for the third quarter ended Sept. 30, 2023.
Highlights from the quarter include a net revenue of $1.55 billion compared to $1.62 billion in the third quarter 2022, and income from operations of $109 million, including restructuring charges of $38 million, compared to $155 million in the third quarter 2022. A fully diluted GAAP EPS of $0.14 and non-GAAP EPS of $0.41 compared to GAAP EPS of $0.42 and non-GAAP EPS...
NAPCO stock plunges dramatically on restatement of prior three quarters
August 21, 2023Ken Showers, Managing Editor
AMITYVILLE, N.Y. – NAPCO Security Technologies is off to a rough start this week following the restatements of its financial results for the first three fiscal quarters of 2023..
In a statement issued on Aug. 18, the company said that, “On Aug. 14, 2023, the Audit Committee of the Board of Directors of the company concluded that the company's previously issued unaudited interim financial statements for the fiscal quarters ended Sept. 30, 2022, Dec. 31, 2022, and Mar. 31,...
ASSA ABLOY announces Q2 presentation
July 14, 2023SSN Staff
YARMOUTH, Maine – Access control and security conglomerate ASSA ABLOY has issued an invitation to interested parties to join the presentation of its second financial quarter results 2023 report.
The presentation is scheduled to be held on Wednesday, July 19, at 08:00 a.m. CEST. The company wrote that a conference call and webcast will be held following the release of the results, starting at 9:30 a.m. CEST and continuing until 10:30 a.m. CEST. The presentation will be hosted...
ADT Q4 sees record-high retention, recurring monthly revenue
March 1, 2023Ken Showers, Managing Editor
BOCA RATON, Fl. – ADT Inc. has seen its fourth consecutive financial quarter results hit record highs as the company released its results on Feb. 28.
Of note the company pulled in a Q4 total revenue of $1.6 billion, up 19 percent from last year, 8 percent when excluding solar and end-of-period recurring monthly revenues. ADT also boasted record-high customer retention with a gross customer revenue attrition rate of 12.5 percent. The company’s total revenue was...
NAPCO announcing 2023 Q2 fiscal results
February 2, 2023SSN Staff
AMITYVILLE, N.Y. – NAPCO Security Technologies, Inc. is set to announce their financial results for the second fiscal quarter, 2023.
The company’s second fiscal quarter ended on December 31, 2022, and as such NAPCO will hold a conference call detailing the results on Monday, February 6, at 11:00 a.m. ET. Parties interested in participating in the call my do so by dialing 1-877-407-4018 or for international callers, 1-201-689-8471. In addition to the call, viewers can also...
NAPCO announces record-breaking Q4 fiscal results for 2022
August 29, 2022Ken Showers, Managing Editor
AMITYVILLE, N.Y. – Security device manufacturer and designer NAPCO Security Technologies has announced record-breaking fiscal results for the fourth quarter of 2022.
The company boasted results of a 22 percent increase of sales to $43.2 million, a recurring service revenue increase of 36 percent to $7.5 million, and an adjusted EBITDA increase of 29 percent to $9.2 million. Net sales increased 26 percent to a record $143.6 million, with a record net income...
NAPCO announces strong third quarter fiscal 2020 results
May 11, 2020SSN Staff
AMITYVILLE, N.Y.—NAPCO Security Technologies, Inc., manufacturers of high-tech electronic security devices as well as a provider of school safety solutions, announced financial results for its third fiscal quarter ended March 31, 2020.
The company also announced the appointment of Stephen M. Spinelli as its senior vice president of sales while Jorge Hevia, a valuable long-time employee, will become a consultant to the company as its new chief of marketing to further develop sales in its...