May 16, 2021

News Spotlight: NAPCO Security Technologies (NASDAQ:NSSC)

NAPCO Security Technologies (NASDAQ:NSSC) changed 15.18% to recent value of $22.23. The stock transacted 182216 shares during most recent day however it has an average volume of 179.86K shares. It spotted trading -36.32% off 52-week high price. On the other end, the stock has been noted 66.77% away from the low price over the last 52-weeks.

On May 04, 2020, NAPCO Security Technologies (NASDAQ:NSSC) one of the world’s leading manufacturers of high-tech electronic security devices that are fueling the Company’s fast growing recurring service revenues, as well as a leading provider of school safety solutions, released financial results for its third fiscal quarter ended March 31, 2020.

Financial Highlights:

  • Net sales for the quarter increased 4% to a third quarter record $26.2 million as compared to $25.1 million for the same quarter last year. Net sales for the nine months increased 7% to $78.4 million as compared to $73.3 million for the same period last year.
  • Recurring service revenue for the quarter increased 37% to $6.2 million as compared to $4.5 million for the same quarter last year. Recurring service revenue for the nine months increased 39% to $17.4 million as compared to $12.5 million for the same period last year. Recurring service revenue now has a prospective annual run rate of $25.4 million based on March 2020 recurring revenues.
  • Net income for the quarter increased 16% to a third quarter record of $3.6 million from $3.1 million a year ago. Earnings per share (diluted) for the quarter increased 18% to $0.20, as compared to $0.17 for the same period a year ago. Net income for the nine months increased 39% to $10.4 million from $7.5 million a year ago. Earnings per share (diluted) for the nine months increased 40% to $0.56, as compared to $0.40 for the same period a year ago.
  • Adjusted EBITDA* for the quarter increased 22% to $4.9 million from $4.0 million a year ago. Adjusted EBITDA earnings per share for the quarter increased 18% to $0.26, as compared to $0.22 for the same period a year ago. Adjusted EBITDA* for the nine months increased 34% to $13.3 million from $9.9 million a year ago. Adjusted EBITDA earnings per share for the nine months increased 36% to $0.72, as compared to $0.53 for the same period a year ago.

NSSC has a gross margin of 44.30% and an operating margin of 15.00% while its profit margin remained 13.70% for the last 12 months. Its earnings per share (EPS) expected to touch remained 56.50% for this year while earning per share for the next 5-years is expected to reach at 1.50%.

The company has 19.05M of outstanding shares and 11.52M shares were floated in the market. According to the most recent quarter its current ratio was 4.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of 27.50% from the mean of 20 days, 24.73% from mean of 50 days SMA and performed -14.27% from mean of 200 days price. Company’s performance for the week was 25.95%, 60.74% for month and YTD performance remained -24.36%.