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Jun 30, 2024
Napco Q4 2024 Earnings Report
NAPCO reported record revenues, net income, and adjusted EBITDA for Q4 2024.
Key Takeaways
NAPCO Security Technologies reported a successful Q4 and fiscal year, marked by record revenue and net income. Q4 sales reached $50.3 million, a 13% increase year-over-year, while net income increased by 28% to $13.5 million. Recurring service revenues played a significant role, increasing 27% in Q4. The company's strong financial health is underscored by growing cash reserves and an increased quarterly dividend.
Net sales for the quarter increased 13% to $50.3 million.
Recurring service revenue increased 27% to $20.3 million.
Net income for the quarter increased 28% to $13.5 million.
Adjusted EBITDA for the quarter increased 18% to $15.4 million.
Napco
Napco
Napco Revenue by Segment
Revenue by Segment
Recurring Services Revenue
CapyFin.comEquipment Sales Revenue
CapyFin.com Forward Guidance
The company did not provide specific forward guidance but highlighted its focus on continued financial strength, product innovation, technical superiority, and strong profitability for fiscal year 2025 and beyond. They anticipate improvements in hardware sales gross margin.
Positive Outlook
- Anticipated improvements in hardware sales gross margin.
- Focus on continued financial strength.
- Commitment to product innovation.
- Dedication to technical superiority.
- Goal of strong profitability.
Revenue & Expenses
Visualization of income flow from segment revenue to net income