NAPCO Announces First Quarter Fiscal 2021 Results
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NAPCO Security Tech (NSSC) Tops Q1 EPS by 3c, Revenues Miss
November 2, 2020 8:03 AM ESTNAPCO Security Tech (NASDAQ: NSSC) reported Q1 EPS of $0.13, $0.03 better than the analyst estimate of $0.10. Revenue for the quarter came in at $23.17 million versus the consensus estimate of $24.12 million.
Financial Highlights:
First Quarter recurring service revenue, gross margin, net income and adjusted EBITDA* exceeded analysts' expectations.The COVID-19 pandemic has presented challenges for security equipment professionals to obtain access to both commercial and residential installation sites. The Company believes this access issue is an industry-wide trend related to COVID-19 and not reflective of the loss of any market... More