NAPCO Security Technologies, Inc.

NAPCO SECURITY TECHNOLOGIES, INC is a leading manufacturer and designer of high-tech electronic security devices, cellular communication services for intrusion and fire alarm systems, and a provider of school safety solutions. The company offers a diversified range of security products, including access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance products. These products serve commercial, residential, institutional, industrial, and governmental applications. NAPCO sells its products primarily to independent distributors, dealers, and installers of security equipment. The company maintains a national network of independent security dealers and integrators who sell, install, and support its technologies. These dealers rely on NAPCO's platform for communication services to its radio communicators and smart security devices, paying a monthly fee for these services to manage their businesses. NAPCO's net revenues were $202.3 million, $181.6 million, and $188.8 million for the fiscal years ended June 30, 2026, 2025, and 2024, respectively. The increase in net revenues from fiscal 2025 to 2026 was driven by a $9.5 million (10.0%) increase in equipment product revenues and an $11.2 million (13.0%) increase in recurring communication services revenues. The rise in net equipment revenues was primarily due to increased revenues from door-locking products ($6.9 million or 11.1%) and intrusion and access products ($2.6 million or 7.8%). The increase in net service revenues resulted from new activations of fire and burglar cellular (radio) communication devices. Net income was $43.0 million, $43.4 million, and $49.8 million for the fiscal years ended June 30, 2026, 2025, and 2024, respectively. Net income for the fiscal year ended June 30, 2026, includes a one-time litigation settlement charge of ($16 million).