NAPCO SECURITY TECHNOLOGIES, INC

Listed Company

NSSCCIK 0000069633NasdaqLarge AcceleratedCommunications Equipment, NecDelawareFY ends Jun 30

Period

FY 2025

Revenue

—

Net Income

$43.41M

Total Assets

$198.14M

Equity

$168.61M

Shares Out

35.66M

Op. Cash Flow

$53.53M

Business

NAPCO Security Technologies, Inc. designs, manufactures and supplies high‑tech electronic security devices and cellular communication services for intrusion and fire alarm systems and provides school safety solutions. It offers standalone and networked digital door locks, locksets, panic devices, intrusion and fire alarm equipment, cellular communicators and hosted connectivity services, access control systems and video surveillance products. Its business is organized around equipment product lines (door security, intrusion/fire, access control, video) and recurring communication services delivered via its StarLink/Networx platform. Products serve commercial, residential, institutional, industrial and governmental end‑users and are sold primarily through a national network of independent distributors, dealers and installers.

Summary from filing dated 2025-08-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Net Sales	182	189	170	144	114
Cost of Sales	81	87	97	84	63
Gross Profit	101	102	73	59	51
Research and development	13	11	9	8	8
Selling, general, and administrative expenses	42	37	34	33	25
Total Operating Expenses	55	48	43	41	33
Operating Income	46	54	30	18	18
Interest and other income, net	4	3	903,000	−283,000	−5,000
Income before Provision for Income Taxes	50	56	31	22	18
Provision for Income Taxes	7	7	4	2	3
Net Income	43	50	27	20	15
Basic (in dollars per share)	1.2	1.35	0.74	0.53	0.42
Diluted (in dollars per share)	1.19	1.34	0.73	0.53	0.42
Basic (in shares)	36	37	37	37	37
Diluted (in shares)	36	37	37	37	37

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	83	65	36	42	35
Investments - other	—	27	26	—	—
Marketable securities	16	5	5	5	5
Accounts receivable, net of allowance for credit losses of $25 and $32 as of June 30, 2025 and June 30, 2024, respectively	30	32	26	29	28
Inventories	30	35	35	41	25
Income tax receivable	—	73,000	75,000	—	—
Prepaid expenses and other current assets	3	4	3	3	2
Total Current Assets	162	169	131	120	96
Inventories - non-current	11	15	13	9	7
Property, plant and equipment, net	9	9	9	8	8
Intangible assets, net	3	4	4	4	5
Deferred income taxes	6	5	3	—	—
Operating lease - Right-of-use asset	5	5	6	7	7
Other assets	200,000	286,000	312,000	347,000	243,000
Total Assets	198	208	167	149	123
Accounts payable	6	8	8	11	6
Accrued expenses	9	10	8	9	7
Accrued salaries and wages	4	4	4	4	3
Dividends payable	5	—	—	—	—
Accrued income taxes	213,000	—	—	2	2
Total Current Liabilities	24	22	20	26	20
Accrued income taxes	143,000	1	1	1	925,000
Operating lease liability	5	6	6	7	7
TOTAL LIABILITIES	30	29	26	35	30
Commitments and Contingencies (Note 14)	—	—	—	—	—
Common Stock, par value $0.01 per share; 100,000,000 shares authorized as of June 30, 2025 and June 30, 2024; 39,771,035 and 39,768,186 shares issued; and 35,656,421 and 36,874,471 shares outstanding, respectively.	398,000	398,000	397,000	396,000	396,000
Additional paid-in capital	25	24	22	20	18
Retained earnings	199	174	138	113	93
Less: Treasury Stock, at cost (4,114,614 and 2,893,715 shares as of June 30, 2025 and June 30, 2024, respectively)	−56	−20	−20	−20	−20
Accumulated other comprehensive income	160,000	—	—	—	—
Total Stockholders' Equity	169	179	140	114	92
Total Liabilities and Stockholders' Equity	198	208	167	149	123

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization	2	2	2	2	2
Gain on disposal of fixed asset	—	—	−15,000	—	—
Change in accrued Interest on other investments	—	31,000	−470,000	—	—
Unrealized (gain) loss on marketable securities	−177,000	−56,000	80,000	426,000	9,000
Realized (gain) loss on sales of marketable securities	−56,000	—	—	—	—
(Recovery of) credit losses	−7,000	−99,000	−112,000	17,000	−100,000
Change to inventory reserve	643,000	2	−445,000	1	−79,000
Deferred income taxes	−1	−3	−3	−214,000	337,000
Stock-based compensation expense	2	2	1	2	435,000
Accounts receivable	2	−6	3	−1	−5
Inventories	8	−3	2	−19	9
Prepaid expenses and other current assets	1	−867,000	−564,000	−430,000	−359,000
Income tax receivable	48,000	2,000	−75,000	—	—
Other assets	86,000	25,000	35,000	−103,000	—
Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes	−4	3	−7	9	2
Net Cash Provided by Operating Activities	54	45	25	8	23
Purchases of property, plant, and equipment	−2	−2	−3	−1	−1
Proceeds from disposal of fixed asset	—	—	38,000	—	—
Purchases of marketable securities	−13	−206,000	−148,000	−81,000	−5
Proceeds from sales of marketable securities	3	—	—	—	—
Purchases of other investments	—	−1	−35	—	—
Redemption of other investments	27	—	10	—	—
Net Cash Provided by (Used in) Investing Activities	15	−3	−28	−2	−6
Proceeds from stock option exercises	54,000	427,000	85,000	155,000	—
Dividends paid	−14	−13	−2	—	—
Repurchase of common stock	−37	—	—	—	—
Net Cash Used in Financing Activities	−50	−13	−2	155,000	—
Net increase (decrease) in Cash and Cash Equivalents	18	29	−6	7	17
Interest paid	—	14,000	16,000	16,000	18,000
Income taxes paid	8	9	9	2	2
Dividends declared and not paid	5	—	—	—	—

Filings

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