Earnings Buzz: Napco Security Technologies (NASDAQ: NSSC)

On Wednesday, Shares of Napco Security Technologies (NASDAQ: NSSC) showed the bullish trend with a higher momentum of 1.06% and ended its trading session at $16.25. The company traded total volume of 942 shares as contrast to its average volume of 52.44K shares. The company has a market value of $298.61M and about 18.57M shares outstanding.

NAPCO Security Technologies, Inc. (NSSC), one of the world’s leading solutions providers and manufacturers of high tech electronic intrusion security, Internet of Things (IoT) connected home, video and fire systems, as well as enterprise-class access control and door locking products, recently declared financial results for its first fiscal quarter ended September 30, 2018.

Financial Results:

Net sales for the three months ended September 30, 2018 increased 10% to a record first quarter revenue of $23.40M, as contrast to $21.20M for the same period a year ago. Research and Development costs for the quarter were $1.70M or 7.5% of sales as contrast to $1.60M or 7.6% of sales a year ago. Selling, general and administrative expenses for the quarter were $6.10M, or 25.9% of sales, as contrast to $5.80M, or 27.5% of sales for the same period last year.

Operating income for the three months ended September 30, 2018 increased 66% to $1.80M as contrast to $1.10M for the same period a year ago.

Net income for the three months ended September 30, 2018 increased 69% to a first quarter record of $1.50M, or $0.08 per diluted share, as contrast to $890.0K, or $0.05per share, for the same quarter last year

Adjusted EBITDA for the three months ended September 30, 2018 increased 47% to $2.10M, or $0.11 per diluted share, as contrast to $1.40M, or $0.08 per diluted share, a year ago.

Balance Sheet Summary:

At September 30, 2018, the Company had $7.50M in cash and cash equivalents as contrast to $5.30M as of June 30, 2018. NAPCO had working capital (defined as current assets less current liabilities) of $43.70M at September 30, 2018 as contrast with working capital of $44.30M at June 30, 2018. Current ratio (defined as current assets divided by current liabilities) was 5.5:1 at September 30, 2018 and 5.7:1 at June 30, 2018.

The Company offered net profit margin of 8.80% while its gross profit margin was 39.80%. ROE was recorded as 13.40% while beta factor was 0.35. The stock, as of recent close, has shown the weekly downbeat performance of -4.57% which was maintained at 83.77% in this year.

Chad Pitman

Chad Pitman

I am Chad Pitman and I focus on breaking news stories and ensuring we (“Stocks Market Cap”) offer timely reporting on some of the most recent stories released through market wires about “Emerging Stocks”. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for stocksmarketcap.com specializing in quicker moving active shares with a short term view on investment opportunities and trends.

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