Tag: Recurring service revenue (RSR)
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...
NAPCO reports ‘amazing’ results
August 28, 2024Ken Showers, Managing Editor
AMITYVILLE, N.Y. — NAPCO Security Technologies' fourth quarter financial results got a nice boost from recurring service revenue (RSR) and its Alarm Lock and Marks lines.
The company reported RSR increased 27% to $20.3 million in the fourth quarter and 26% to $75.7 million for the year compared to the same periods the previous year. It reported gross margin for RSR increased to 90.4% and 90.5% for the quarter and the year, respectively, compared to 89% and 89%.
“Our...
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...
NAPCO holds Q4 2023 earnings call
August 29, 2023Ken Showers, Managing Editor
AMITYVILLE, N.Y. – NAPCO Security Technologies announced its financial results for the fourth quarter and fiscal year ended June 30, 2023.
Highlights for the quarter included the increase of net sales for the quarter 3% to $44.7 million, a Q4 record for the company as compared to $43.2 million for the same period last year. Net sales for the fiscal year increased 18% to a record $170 million as compared to $143.6 million last year.
Recurring service revenue (RSR) for the quarter...