NAPCO Security Technologies, Inc. Reports Fiscal Q4 and Full Year 2025 Results
NAPCO Security Technologies (NASDAQ: NSSC) reported mixed Q4 and full-year 2025 results. Q4 net sales increased 1% YoY to $50.7 million, while full-year sales decreased 4% to $181.6 million. The company's recurring service revenue (RSR) showed strong growth, increasing 10% in Q4 and 14% for the full year to $22.4M and $86.3M respectively, maintaining a 91% gross margin.
Equipment sales faced challenges, declining 5% YoY in Q4 to $28.3M, though showing a 27% sequential increase from Q3. Diluted EPS decreased to $0.33 from $0.36 in Q4 and to $1.19 from $1.34 for the full year. The company declared a quarterly dividend of $0.14 per share and reported strong cash flows from operations of $53.5 million.
NAPCO Security Technologies (NASDAQ: NSSC) ha pubblicato risultati contrastanti per il quarto trimestre e l'intero esercizio 2025. Le vendite nette del Q4 sono aumentate dell'1% su base annua, raggiungendo 50,7 milioni di dollari, mentre le vendite dell'intero anno sono calate del 4% a 181,6 milioni di dollari. I ricavi ricorrenti da servizi (RSR) hanno mostrato una solida crescita, salendo del 10% nel Q4 e del 14% sull'anno a quota rispettivamente 22,4 e 86,3 milioni di dollari, mantenendo un margine lordo del 91%.
Le vendite di apparecchiature hanno subito difficolt脿, diminuendo del 5% su base annua nel Q4 a 28,3 milioni di dollari, pur registrando un rimbalzo sequenziale del 27% rispetto al Q3. L'EPS diluito 猫 sceso a 0,33 dollari dai 0,36 del Q4 precedente e a 1,19 dollari dall'1,34 sull'intero anno. La societ脿 ha dichiarato un dividendo trimestrale di 0,14 dollari per azione e ha riportato flussi di cassa operativi robusti per 53,5 milioni di dollari.
NAPCO Security Technologies (NASDAQ: NSSC) present贸 resultados mixtos en el cuarto trimestre y en el a帽o fiscal 2025. Las ventas netas del Q4 aumentaron un 1% interanual hasta $50.7 millones, mientras que las ventas anuales disminuyeron un 4% hasta $181.6 millones. Los ingresos recurrentes por servicios (RSR) mostraron un fuerte crecimiento, subiendo un 10% en el Q4 y un 14% en el a帽o hasta $22.4M y $86.3M respectivamente, manteniendo un margen bruto del 91%.
Las ventas de equipos enfrentaron retos, cayendo un 5% interanual en el Q4 hasta $28.3M, aunque mostraron un aumento secuencial del 27% respecto al Q3. El EPS diluido se redujo a $0.33 desde $0.36 en el Q4 y a $1.19 desde $1.34 en el a帽o. La compa帽铆a declar贸 un dividendo trimestral de $0.14 por acci贸n y report贸 fuertes flujos de caja operativos por $53.5 millones.
NAPCO Security Technologies (NASDAQ: NSSC)電� 2025 須岅硠鞐半弰 4攵勱赴 氚� 鞐瓣皠 鞁れ爜鞐愳劀 鞐囮皥毽� 瓴瓣臣毳� 氚滍憸頄堨姷雼堧嫟. 4攵勱赴 靾滊Г於滌潃 鞝勲厔 雽�牍� 1% 歃濌皜頃� $50.7氚彪鞚� 旮半頄堨溂雮�, 鞐瓣皠 毵れ稖鞚� 4% 臧愳唽頃� $181.6氚彪鞚挫棃鞀惦媹雼�. 氚橂车鞝� 靹滊箘鞀� 靾橃澋(RSR)鞚� 臧曧暅 靹膘灔靹鸽ゼ 氤挫澊氅� 4攵勱赴 10% 歃濌皜, 鞐瓣皠 14% 歃濌皜頃� 臧侁皝 $22.4M, $86.3M鞚� 旮半頄堦碃, 齑濍歆� 91%毳� 鞙犾頄堨姷雼堧嫟.
鞛ル箘 毵れ稖鞚� 鞏措牑鞗�鞚� 瓴柎 4攵勱赴鞐� 鞝勲厔 雽�牍� 5% 臧愳唽頃� $28.3M鞓�鞙茧倶 3攵勱赴 雽�牍� 鞐办啀攵勱赴靸� 27% 歃濌皜毳� 氤挫榾鞀惦媹雼�. 頋劃 欤茧嫻靾滌澊鞚�(EPS)鞚� 4攵勱赴 $0.36鞐愳劀 $0.33搿�, 鞐瓣皠鞚� $1.34鞐愳劀 $1.19搿� 頃橂澖頄堨姷雼堧嫟. 須岇偓電� 欤茧嫻 $0.14 攵勱赴 氚半嫻旮�鞚� 靹犾柛頄堨溂氅�, 鞓侅梾頇滊彊鞙茧 鞚疙暅 順勱笀頋愲鞚� $53.5氚彪鞙茧 瓴“頄堨姷雼堧嫟.
NAPCO Security Technologies (NASDAQ: NSSC) a publi茅 des r茅sultats mitig茅s pour le quatri猫me trimestre et l'exercice 2025. Les ventes nettes du T4 ont augment茅 de 1% en glissement annuel pour atteindre 50,7 M$, tandis que le chiffre d'affaires annuel a diminu茅 de 4% 脿 181,6 M$. Les revenus r茅currents de services (RSR) ont connu une forte progression, augmentant de 10% au T4 et de 14% sur l'ann茅e pour s'茅tablir 脿 22,4 M$ et 86,3 M$ respectivement, en maintenant une marge brute de 91%.
Les ventes d'茅quipements ont rencontr茅 des difficult茅s, reculant de 5% en glissement annuel au T4 脿 28,3 M$, bien qu'elles aient affich茅 une hausse s茅quentielle de 27% par rapport au T3. Le BPA dilu茅 est pass茅 脿 0,33 $ contre 0,36 $ au T4 pr茅c茅dent et 脿 1,19 $ contre 1,34 $ sur l'ann茅e. La soci茅t茅 a d茅clar茅 un dividende trimestriel de 0,14 $ par action et a rapport茅 des flux de tr茅sorerie d'exploitation solides de 53,5 M$.
NAPCO Security Technologies (NASDAQ: NSSC) meldete gemischte Ergebnisse f眉r das vierte Quartal und das Gesamtjahr 2025. Der Nettoumsatz im Q4 stieg im Jahresvergleich um 1% auf $50,7 Millionen, w盲hrend der Jahresumsatz um 4% auf $181,6 Millionen zur眉ckging. Die wiederkehrenden Serviceerl枚se (RSR) verzeichneten ein starkes Wachstum und legten im Q4 um 10% bzw. im gesamten Jahr um 14% zu und beliefen sich auf $22,4M bzw. $86,3M bei einer Bruttomarge von 91%.
Der Ger盲teverkauf war herausgefordert und ging im Q4 um 5% gegen眉ber dem Vorjahr auf $28,3M zur眉ck, zeigte jedoch eine sequenzielle Steigerung von 27% gegen眉ber dem Q3. Das verw盲sserte Ergebnis je Aktie sank auf $0,33 von $0,36 im Q4 und auf $1,19 von $1,34 f眉r das Gesamtjahr. Das Unternehmen erkl盲rte eine viertelj盲hrliche Dividende von $0,14 je Aktie und meldete starke operative Cashflows in H枚he von $53,5 Millionen.
- Recurring service revenue grew 14% annually with 91% gross margin
- Strong cash flow from operations of $53.5M, up 18% YoY
- Equipment sales showed 27% sequential growth from Q3 to Q4
- RSR run rate reached $94M, up $5M from Q3
- Maintained strong balance sheet with no debt
- Full-year net sales decreased 4% to $181.6M
- Equipment sales declined 16% YoY for full year
- Net income decreased 12.9% YoY to $43.4M
- Diluted EPS declined 11.2% YoY to $1.19
- Gross profit margin in Q4 decreased to 52.8% from 55.3% YoY
Insights
NAPCO shows mixed fiscal 2025 results with declining equipment sales offset by strong recurring revenue growth and healthy margins.
NAPCO Security Technologies reported a mixed performance for fiscal 2025, with overall net sales decreasing
The recurring service revenue (RSR) segment continues to be the company's growth engine, increasing
The equipment sales segment continues to struggle, declining
Profitability metrics show some pressure with diluted EPS decreasing from
NAPCO's balance sheet remains strong with
Management's commitment to shareholder returns continues with a declared quarterly dividend of
The introduction of a new cloud-based MVP Access platform with monthly recurring revenue potential aligns with the company's strategy to grow its high-margin service revenue segment, potentially creating additional recurring revenue streams in fiscal 2026 and beyond.
Fiscal 2025 Highlights
- Net sales of
$50.7 million 1% 听YoY, while net sales for full year of$181.6 million 4% YoY - Recurring service revenue ("RSR") increased
10% and14% to$22.4 million $86.3 million 91% gross margin for both periods - RSR had a prospective annual run rate of approximately听
$94 million 听based on听July 2025听recurring service revenues. - Equipment sales for Q4 were
$28.3 million 5% 听YoY decrease, but up27% sequentially from Q3, and equipment sales for the full year were$95.3 16% YoY decrease听 - Gross profit margin for Q4 of
52.8% vs55.3% in prior fiscal year quarter, and gross profit margin for the full year of55.6% vs53.9% in prior fiscal year - Diluted EPS decreased听YoY to
$0.33 $0.36 $1.19 $1.34 - The Board declared a quarterly dividend of听
$0.14 听per share, payable on听October 3, 2025听to shareholders of record on听September 12, 2025.
Three months ended June听30,听 | Year ended June听30,听 | ||||||||||||||||
(dollars in thousands) | (dollars in thousands) | ||||||||||||||||
% Increase/ | % Increase/ | ||||||||||||||||
Financial Highlights (1) | 2025 | 2024 | (decrease) | 2025 | 2024 | 听(诲别肠谤别补蝉别) | |||||||||||
Net Sales | $ | 50,724 | $ | 50,330 | 0.8 | % | $ | 181,621 | $ | 188,820 | (3.8) | % | |||||
Gross Profit | $ | 26,798 | $ | 27,845 | (3.8) | % | $ | 101,030 | $ | 101,754 | (0.7) | % | |||||
Gross Profit Margin | 52.8 | % | 55.3 | % | 55.6 | % | 53.9 | % | |||||||||
Net Income | $ | 11,632 | $ | 13,534 | (14.1) | % | $ | 43,406 | $ | 49,818 | (12.9) | % | |||||
Net Income as a % of Sales | 22.9 | % | 26.9 | % | 23.9 | % | 26.4 | % | |||||||||
Diluted EPS | $ | 0.33 | $ | 0.36 | (8.3) | % | $ | 1.19 | $ | 1.34 | (11.2) | % | |||||
Adjusted EBITDA(2) | $ | 14,249 | $ | 15,415 | (7.6) | % | $ | 52,126 | $ | 58,934 | (11.6) | % | |||||
Adjusted EBITDA(2) as a % of Sales | 28.1 | % | 30.6 | % | 28.7 | % | 31.2 | % | |||||||||
Adjusted EBITDA(2) Per Share | $ | 0.40 | $ | 0.41 | (2.4) | % | $ | 1.43 | $ | 1.59 | %听 | (10.1) | % | ||||
Cash Flows from Operating Activities | $ | 53,527 | $ | 45,368 | 18.0 | % | |||||||||||
1. In millions except percentages and per share data or as otherwise noted. |
2. Represents a non-GAAP financial measure. An explanation and a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure are presented in the schedules accompanying this press release. |
Richard Soloway, Chairman and CEO, commented, "With the completion of our fourth quarter of Fiscal 2025, our RSR remains strong as we continue to see double digit growth in Q4 and annually and gross margins at
In the fourth quarter, we introduced a new generational cloud-based MVP Access platform. Easy to afford with an economical "By-Door" flat monthly recurring revenue rate, MVP Access products empower security teams to experience 24/7 security management, enabling users to lock down doors, adjust threat levels and monitor real-time events from anywhere and eliminates the need for on-premises hardware or databases. This product line is anticipated to generate future monthly recurring revenue for both locking and access control dealers and the Company."听
Mr. Soloway concluded, "Our return on adjusted EBITDA of
As such we are pleased to continue our dividend program and will be paying the next quarterly dividend of
We continue to strive to accomplish our goal of continued financial strength, product innovation, technical superiority and strong profitability, for fiscal 2026 and beyond".听
Conference Call Information
Management will conduct a conference call at听11 a.m. ET听today, August 25, 2025,听and in order to participate please go to the Investor Relations section of the Company website at /events-presentations or choose .听 Alternatively, interested parties may participate in the call by dialing (US) 1-800-836-8184 or 1-646-357-8785.听 A replay of the webcast will be available on the Investor Relations section of the Company's website
About NAPCO Security Technologies, Inc.
NAPCO Security Technologies, Inc., is one of the leading manufacturers and designers of high-tech electronic security devices, wireless recurring communication services for intrusion and fire alarm systems as well as a provider of school safety solutions, The Company consists of four Divisions: NAPCO, plus three wholly owned subsidiaries: Alarm Lock, Continental Instruments, and Marks听USA. Headquartered in Amityville,听New York, its products are installed by tens of thousands of security professionals worldwide in commercial, industrial, institutional, residential and government applications. NAPCO products have earned a reputation for innovation, technical excellence and reliability, positioning the Company for growth in the multi-billion dollar and rapidly expanding electronic security market. For additional information on NAPCO, please visit the Company's web site at听.
Safe Harbor Statement
This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management's judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, but are not limited to, statements relating to the impact of COVID-19 pandemic; supply chain challenges and developments; the growth of recurring service revenues and annual run rate; the strength of our balance sheet; our expectations regarding future results; the introduction of new access control and locking products; the opportunities for school security products; business trends , including the replacement of 3G radios, and our ability to execute our business strategies. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those risk factors set forth in the Company's filings with the Securities and Exchange Commission, such as our annual report on Form 10-K and quarterly reports on Form 10-Q. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and the Company undertakes no duty to update such information, except as required under applicable law.
*Non-GAAP Financial Measures
Certain non-GAAP measures are included in this press release, including non-GAAP operating income, Adjusted EBITDA and Adjusted EBITDA per share (diluted). We define Adjusted EBITDA as GAAP net income plus income tax expense, net interest expense, non-cash stock-based expense, non-recurring legal expense, other non-recurring income and depreciation and amortization expense. Non-GAAP operating income does not include amortization of intangibles or stock-based compensation expense. These non-GAAP measures are provided to enhance the user's overall understanding of our financial performance. By excluding these charges our non-GAAP results provide information to management and investors that is useful in assessing NAPCO's core operating performance and in comparing our results of operations on a consistent basis from period to period. Our use of non-GAAP financial measures has certain limitations in that such non-GAAP financial measures may not be directly comparable to those reported by other companies. For example, the terms used in this press release, such as Adjusted EBITDA, do not have a standardized meaning. Other companies may use the same or similarly named measures, but exclude different items, which may not provide investors with a comparable view of our performance in relation to other companies. The presentation of this information is not meant to be a substitute for the corresponding financial measures prepared in accordance with generally accepted accounting principles. Investors are encouraged to review the reconciliation of GAAP to non-GAAP financial measures set forth above.
NAPCO SECURITY TECHNOLOGIES, INC. AND SUBSIDIARIES | ||||||
闯耻苍别听30,听2025 | 闯耻苍别听30,听2024 | |||||
(in thousands, except share data) | ||||||
Assets | ||||||
Current Assets | ||||||
Cash and cash equivalents | $ | 83,081 | $ | 65,341 | ||
Investments - other | 鈥� | 26,980 | ||||
Marketable securities | 16,095 | 5,398 | ||||
Accounts receivable, net of allowance for credit losses of | 30,108 | 31,898 | ||||
Inventories | 29,962 | 34,804 | ||||
Income tax receivable | 鈥� | 73 | ||||
Prepaid expenses and other current assets | 3,198 | 4,269 | ||||
听 听Total Current Assets | 162,444 | 168,763 | ||||
Inventories - non-current | 11,313 | 15,109 | ||||
Property, plant and equipment, net | 9,233 | 9,077 | ||||
Intangible assets, net | 3,287 | 3,602 | ||||
Deferred income taxes | 6,476 | 5,428 | ||||
Operating lease - Right-of-use asset | 5,188 | 5,487 | ||||
Other assets | 200 | 286 | ||||
听 听Total Assets | $ | 198,141 | $ | 207,752 | ||
Liabilities and Stockholders' Equity | ||||||
Current Liabilities | ||||||
Accounts payable | $ | 5,742 | $ | 7,977 | ||
Accrued expenses | 8,712 | 10,345 | ||||
Accrued salaries and wages | 4,398 | 3,907 | ||||
Dividends payable | 4,992 | 鈥� | ||||
Accrued income taxes | 213 | 鈥� | ||||
听 听Total Current Liabilities | 24,057 | 22,229 | ||||
Accrued income taxes | 143 | 1,122 | ||||
Operating lease liability | 5,335 | 5,512 | ||||
听 听TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 29,535 | 28,863 | ||||
Commitments and Contingencies (Note 14) | ||||||
Stockholders' Equity | ||||||
Common Stock, par value | 398 | 398 | ||||
Additional paid-in capital | 25,280 | 23,712 | ||||
Retained earnings | 199,083 | 174,300 | ||||
Less: Treasury Stock, at cost (4,114,614 and 2,893,715 shares as of June 30, 2025 and June听30, 2024, respectively) | (56,315) | (19,521) | ||||
Accumulated other comprehensive income | 160 | 鈥� | ||||
听 听Total Stockholders' Equity | 168,606 | 178,889 | ||||
听 听Total Liabilities and Stockholders' Equity | $ | 198,141 | $ | 207,752 | ||
听
NAPCO SECURITY TECHNOLOGIES, INC. AND SUBSIDIARIES | |||||||||
Three Months ended June听30,听 | |||||||||
2025 | 2024 | 2023 | |||||||
(in thousands, except for share and per share data) | |||||||||
Net Sales: | |||||||||
Equipment revenues | $ | 28,298 | $ | 29,938 | $ | 28,551 | |||
Service revenues | 22,426 | 20,392 | 16,107 | ||||||
50,724 | 50,330 | 44,658 | |||||||
Cost of Sales: | |||||||||
Equipment-related expenses | 21,827 | 20,530 | 19,856 | ||||||
Service-related expenses | 2,099 | 1,955 | 1,768 | ||||||
23,926 | 22,485 | 21,624 | |||||||
Gross Profit | 26,798 | 27,845 | 23,034 | ||||||
Operating Expenses: | |||||||||
Research and development | 3,232 | 3,027 | 2,364 | ||||||
Selling, general, and administrative expenses | 11,480 | 10,854 | 8,861 | ||||||
听 听Total Operating Expenses | 14,712 | 13,881 | 11,225 | ||||||
Operating Income | 12,086 | 13,964 | 11,809 | ||||||
Other Income: | |||||||||
Interest and other income, net | 883 | 762 | 382 | ||||||
Income before Provision for Income Taxes | 12,969 | 14,726 | 12,191 | ||||||
Provision for Income Taxes | 1,337 | 1,192 | 1,626 | ||||||
听 听Net Income | $ | 11,632 | $ | 13,534 | $ | 10,565 | |||
Income Per Share: | |||||||||
Basic | $ | 0.33 | $ | 0.37 | $ | 0.29 | |||
Diluted | $ | 0.33 | $ | 0.36 | $ | 0.28 | |||
Weighted Average Number of Shares Outstanding: | |||||||||
Basic | 35,656,000 | 36,939,000 | 36,827,000 | ||||||
Diluted | 35,764,000 | 37,232,000 | 37,137,000 | ||||||
听
NAPCO SECURITY TECHNOLOGIES, INC. AND SUBSIDIARIES | |||||||||
Year Ended June听30,听 | |||||||||
2025 | 2024 | 2023 | |||||||
(in thousands, except for share and per share data) | |||||||||
Net Sales: | |||||||||
Equipment revenues | $ | 95,291 | $ | 113,071 | $ | 110,062 | |||
Service revenues | 86,330 | 75,749 | 59,935 | ||||||
181,621 | 188,820 | 169,997 | |||||||
Cost of Sales: | |||||||||
Equipment-related expenses | 72,795 | 79,862 | 90,197 | ||||||
Service-related expenses | 7,796 | 7,204 | 6,567 | ||||||
80,591 | 87,066 | 96,764 | |||||||
Gross Profit | 101,030 | 101,754 | 73,233 | ||||||
Operating Expenses: | |||||||||
Research and development | 12,581 | 10,763 | 9,328 | ||||||
Selling, general, and administrative expenses | 42,190 | 37,173 | 33,580 | ||||||
听 听Total Operating Expenses | 54,771 | 47,936 | 42,908 | ||||||
Operating Income | 46,259 | 53,818 | 30,325 | ||||||
Other Income: | |||||||||
Interest and other income, net | 3,810 | 2,568 | 903 | ||||||
Income before Provision for Income Taxes | 50,069 | 56,386 | 31,228 | ||||||
Provision for Income Taxes | 6,663 | 6,568 | 4,101 | ||||||
听 听Net Income | $ | 43,406 | $ | 49,818 | $ | 27,127 | |||
Income Per Share: | |||||||||
Basic | $ | 1.20 | $ | 1.35 | $ | 0.74 | |||
Diluted | $ | 1.19 | $ | 1.34 | $ | 0.73 | |||
Weighted Average Number of Shares Outstanding: | |||||||||
Basic | 36,298,000 | 36,812,000 | 36,741,000 | ||||||
Diluted | 36,499,000 | 37,066,000 | 37,005,000 | ||||||
听
NAPCO SECURITY TECHNOLOGIES, INC. AND SUBSIDIARIES | |||||||||
Fiscal Year ended June听30,听 | |||||||||
2025 | 2024 | 2023 | |||||||
(in thousands) | |||||||||
Cash Flows from Operating Activities | |||||||||
Net income | $ | 43,406 | $ | 49,818 | $ | 27,127 | |||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation and amortization | 2,276 | 2,163 | 1,930 | ||||||
Gain on disposal of fixed asset | 鈥� | 鈥� | (15) | ||||||
Change in accrued Interest on other investments | 鈥� | 31 | (470) | ||||||
Unrealized (gain) loss on marketable securities | (177) | (56) | 80 | ||||||
AG真人官方ized (gain) loss on sales of marketable securities | (56) | 鈥� | 鈥� | ||||||
(Recovery of) credit losses | (7) | (99) | (112) | ||||||
Change to inventory reserve | 643 | 1,691 | (445) | ||||||
Deferred income taxes | (1,048) | (2,776) | (2,818) | ||||||
Stock-based compensation expense | 1,513 | 1,733 | 1,464 | ||||||
Changes in operating assets and liabilities: | |||||||||
Accounts receivable | 1,797 | (5,730) | 3,261 | ||||||
Inventories | 7,995 | (3,255) | 1,883 | ||||||
Prepaid expenses and other current assets | 1,071 | (867) | (564) | ||||||
Income tax receivable | 48 | 2 | (75) | ||||||
Other assets | 86 | 25 | 35 | ||||||
Accounts payable, accrued expenses, accrued salaries and wages, accrued income | (4,020) | 2,688 | (6,581) | ||||||
Net Cash Provided by Operating Activities | 53,527 | 45,368 | 24,700 | ||||||
Cash Flows from Investing Activities | |||||||||
Purchases of property, plant, and equipment | (2,116) | (1,594) | (2,962) | ||||||
Proceeds from disposal of fixed asset | 鈥� | 鈥� | 38 | ||||||
Purchases of marketable securities | (12,835) | (206) | (148) | ||||||
Proceeds from sales of marketable securities | 2,556 | 鈥� | 鈥� | ||||||
Purchases of other investments | 鈥� | (1,351) | (35,281) | ||||||
Redemption of other investments | 26,980 | 鈥� | 10,091 | ||||||
Net Cash Provided by (Used in) Investing Activities | 14,585 | (3,151) | (28,262) | ||||||
Cash Flows from Financing Activates | |||||||||
Proceeds from stock option exercises | 54 | 427 | 85 | ||||||
Dividends paid | (13,632) | (13,258) | (2,298) | ||||||
Repurchase of common stock | (36,794) | 鈥� | 鈥� | ||||||
Net Cash Used in Financing Activities听听听听 | (50,372) | (12,831) | (2,213) | ||||||
Net increase (decrease) in Cash and Cash Equivalents | 17,740 | 29,386 | (5,775) | ||||||
Cash and Cash Equivalents - Beginning | 65,341 | 35,955 | 41,730 | ||||||
Cash and Cash Equivalents - Ending | $ | 83,081 | $ | 65,341 | $ | 35,955 | |||
Supplemental Cash Flow Information | |||||||||
Interest paid | $ | 鈥� | $ | 14 | $ | 16 | |||
Income taxes paid | $ | 8,427 | $ | 9,330 | $ | 8,811 | |||
Non-Cash Investing and Financing Transactions | |||||||||
Dividends declared and not paid | $ | 4,992 | 鈥� | 鈥� | |||||
听
NAPCO SECURITY TECHNOLOGIES, INC. | |||||||||||
3 months ended June 30, | 12 months ended June 30, | ||||||||||
2025 | 2024 | 2025 | 2024 | ||||||||
Net income (GAAP) | $ | 11,632 | $ | 13,534 | $ | $ | |||||
Less: | |||||||||||
听听听 Interest Income, net | 725 | 762 | 3,356 | 2,568 | |||||||
Add: | |||||||||||
听听听 Provision for Income Taxes | 1,337 | 1,192 | 6,663 | 6,568 | |||||||
听听听 Depreciation and Amortization | 571 | 536 | 2,276 | 2,163 | |||||||
EBITDA (earnings before interest, taxes, depreciation and amortization) | 12,815 | 14,500 | 48,989 | 55,981 | |||||||
Adjustments for non-GAAP measures of performance: | |||||||||||
听听听 Add: Stock based Compensation | 370 | 857 | 1,513 | 1733 | |||||||
听听听 Add: Nonrecurring Legal Expenses (1) | 1,064 | 58 | 1,624 | 1,220 | |||||||
Adjusted EBITDA | $ | $ | $ | $ | |||||||
Denominator: | |||||||||||
Basic Weighted Average Shares Outstanding | 35,656,000 | 36,939,000 | 36,298,000 | 36,812,000 | |||||||
Effect of Dilutive Securities | 108,000 | 293,000 | 201,000 | 254,000 | |||||||
Dilutes Weighted Average Shares Outstanding (Denominator) | 35,764,000 | 37,232,000 | 36,499,000 | 37,066,000 | |||||||
Net Income per Diluted Shares Outstanding | $ | 0.33 | $ | 0.36 | $ | 1.19 | $ | 1.34 | |||
Adjusted EBITDA* per Diluted Shares Outstanding | $ | 0.40 | $ | 0.41 | $ | 1.43 | $ | 1.59 | |||
1. Nonrecurring Legal Expenses are legal fees that are determined not to be of a normal recuring nature and expenses necessary to operate the business. 听 |
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Contacts:听
Francis J. Okoniewski
Vice President of Investor Relations
NAPCO Security Technologies, Inc.
Office 800-645-9445 x 374
Mobile 516-404-3597
[email protected]听
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SOURCE NAPCO Security Technologies, Inc.
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