NAPCO Announces Third Quarter Fiscal 2023 Results and Initiation of a Quarterly Dividend Program
NAPCO Security Technologies, Inc. (NASDAQ: NSSC), one of the leading manufacturers and designers of high-tech electronic security equipment, wireless communication devices for intrusion and fire alarm systems and the related recurring service revenues as well as a leading provider of school safety solutions, today announced financial results for its third quarter of fiscal 2023 and the initiation of a quarterly cash dividend program.
By AP News
Published - May 08, 2023, 09:36 AM ET
Last Updated - May 02, 2024, 02:52 PM EDT
-3rd Quarter Net Sales Increase 21% to a Q3 Record $43.5 Million-
-3rd Quarter Recurring Service Revenues Increase 26% to $15.1 Million With a Gross Margin of 90%-
-Quarterly Record Net Income of $10.8M and Adjusted EBITDA* of $12.7 Million –
AMITYVILLE, N.Y., May 8, 2023 /PRNewswire/ -- NAPCO Security Technologies, Inc. (NASDAQ: NSSC), one of the leading manufacturers and designers of high-tech electronic security equipment, wireless communication devices for intrusion and fire alarm systems and the related recurring service revenues as well as a leading provider of school safety solutions, today announced financial results for its third quarter of fiscal 2023 and the initiation of a quarterly cash dividend program.
Financial Highlights:
