Aug. 24 at 11:23 AM
$NSSC Napco Security reports Q4 EPS 50cc, consensus 38c
Reports Q4 revenue
$55.8M, consensus
$52.55M. EPS is inclusive of a benefit of approximately 9c from net tariff refunds. Kevin Buchel, CEO and President, commented, "Our Fiscal Q4 performance completes a strong close to our fiscal year end and reflects continued positive financial results. We achieved record Q4 revenue and Adjusted EBITDA of
$55.8 and
$20.6 million, respectively, which was bolstered by our recurring service revenue with its continued year over year double digit growth.
We saw a rebound in our equipment sales, which increased 10.0% for the year, driven by strong demand for our door-locking products as well as a 36% growth in sales of our intrusion products in Q4, which is primarily a result of increased sales of our StarLink fire communicators. Our RSR continues to deliver gross margins of over 90%, and represents approximately 45% of total revenue in Q4, and has a prospective run rate of approximately
$103 million based on our July 2026 recurring service revenue. Our revenue growth and margin expansion in Q4 resulted in a 53% increase in net income, a 44% increase in Non-GAAP Adjusted EBITDA and our Adjusted EBITDA margin was 36.8% as compared to 28.1% in Q4 of Fiscal 2025.
