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NAPCO’s radio gains make up for lagging lock sales

November 5, 2024Ken Showers, Managing Editor

AMITYVILLE, N.Y.— NAPCO Security Technologies saw strong radio sales and recurring service revenue (RSR) but struggling locking sales in the first quarter of its fiscal year 2025. RSR saw a prospective annual run rate of approximately $85.2 million based on October 2024 RSR, compared to $83.5 million from July 2024 RSR. “The increase is due to the continued strength of our line of StarLink radios, particularly our StarLink fire radios,” said CFO Kevin Buchel during...

commercial, Kevin Buchel, NAPCO Security Technologies, radio, Recurring service revenue (RSR), Residential, Richard Soloway, StarLink