Stock Track | NAPCO Security Plunges Over 13% Premarket Despite Earnings Beat

Stock Track

Nov 04, 2024

Shares of NAPCO Security Technologies, Inc. (NSSC) plunged more than 13% in pre-market trading on Friday, despite the company reporting better-than-expected earnings results for the first quarter of fiscal 2025.

The security products and software company reported record revenue of $44 million for the quarter ended September 30, 2024, up 6% year-over-year. Net income also reached a Q1 record of $11.2 million, an increase of 7% compared to the same period last year.

However, NAPCO's adjusted EBITDA declined 4% year-over-year to $12.3 million, and equipment sales fell 6% due to distributors reducing inventory levels. The company's recurring service revenue (RSR) showed strong growth, increasing 22% to $21.1 million, but this was not enough to offset the disappointment in other areas of the business.

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(NSSC) plunged more than 13% in pre-market trading on Friday, despite the company reporting better-than-expected earnings results for the first quarter of fiscal 2025.</p>\n\n<p>The security products and software company reported record revenue of $44 million for the quarter ended September 30, 2024, up 6% year-over-year. Net income also reached a Q1 record of $11.2 million, an increase of 7% compared to the same period last year.</p>\n\n<p>However, NAPCO's adjusted EBITDA declined 4% year-over-year to $12.3 million, and equipment sales fell 6% due to distributors reducing inventory levels. The company's recurring service revenue (RSR) showed strong growth, increasing 22% to $21.1 million, but this was not enough to offset the disappointment in other areas of the business.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NSSC","symbol_name":"NAPCO Security Technologies","start_time":0,"source_url":"","article_id":"1177022821","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1177022821","pubTimestamp":1730723306,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of NAPCO Security Technologies, Inc.  plunged more than 13% in pre-market trading on Friday, despite the company reporting better-than-expected earnings results for the first quarter of fiscal 2025.The security products and software company reported record revenue of $44 million for the quarter ended September 30, 2024, up 6% year-over-year. 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