Tag: Prima
NAPCO locks in Q3
May 8, 2024Cory Harris, Editor
AMITYVILLE, N.Y.—Richard Soloway, CEO of NAPCO Security Technologies, attributed “recurring revenues enabled by hardware innovations” as the catalyst to a 14th consecutive record-breaking quarter for sales during the third quarter of fiscal 2024.
Net sales increased 13% to $49.3 million - the highest quarterly sales in the company's history - while recurring service revenue (RSR) increased 29% to $19.5 million, representing 40% of total revenue.
Locked...
NAPCO reports record-breaking revenues for Q3 of fiscal 2024
May 7, 2024SSN Staff
AMITYVILLE, N.Y.—NAPCO Security Technologies has announced record-breaking financial results for its third quarter of fiscal 2024.
The New York-based manufacturer and designer of high-tech electronic security equipment and wireless communication devices for intrusion and fire alarm systems, as well as provider of school safety solutions, posted its 14th consecutive record-breaking quarter for sales during Q3.
Net sales for Q3 increased 13% to $49.3 million - the highest quarterly...