NAPCO Security Technologies Q1 FY25 10-Q Filed
Ticker: NSSC · Form: 10-Q · Filed: Nov 4, 2024 · CIK: 69633
| Field | Detail |
|---|---|
| Company | Napco Security Technologies, Inc (NSSC) |
| Form Type | 10-Q |
| Filed Date | Nov 4, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
NAPCO Security Q1 FY25 10-Q is in. Check financials.
AI Summary
NAPCO Security Technologies, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the first quarter of fiscal year 2025. Key financial figures and disclosures regarding their business operations are presented.
Why It Matters
This filing provides investors with the latest financial performance data for NAPCO Security Technologies, crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — 10-Q filings are standard financial reports, but the specific details within can reveal significant risks or opportunities.
Key Players & Entities
- NAPCO SECURITY TECHNOLOGIES, INC (company) — Filer
- 20240930 (date) — Period of Report
- 20241104 (date) — Filing Date
- 333 BAYVIEW AVE (address) — Business Address
- AMITYVILLE (city) — Business Address City
- NY (state) — Business Address State
- 11701 (zip_code) — Business Address Zip
- 631-842-9400 (phone_number) — Business Phone
FAQ
What was the total value of NAPCO's inventory as of September 30, 2024?
The filing indicates that NAPCO Security Technologies, Inc. had an inventory valuation reserve as of September 30, 2024, but the specific total inventory value is not provided in this excerpt.
What is the company's fiscal year end?
NAPCO Security Technologies, Inc.'s fiscal year ends on June 30.
When was the company formerly known as NAPCO SECURITY SYSTEMS INC?
The company was formerly known as NAPCO SECURITY SYSTEMS INC, with a date of name change on July 3, 1992.
What is the filing date of this 10-Q report?
This 10-Q report was filed on November 4, 2024.
What is the reporting period for this 10-Q?
The conformed period of report for this 10-Q is September 30, 2024.
Filing Stats: 4,497 words · 18 min read · ~15 pages · Grade level 17.5 · Accepted 2024-11-04 15:44:45
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share NSSC Nasdaq Stock Market
Filing Documents
- nssc-20240930x10q.htm (10-Q) — 1748KB
- nssc-20240930xex31d1.htm (EX-31.1) — 10KB
- nssc-20240930xex31d2.htm (EX-31.2) — 10KB
- nssc-20240930xex32d1.htm (EX-32.1) — 9KB
- 0001558370-24-014247.txt ( ) — 9757KB
- nssc-20240930.xsd (EX-101.SCH) — 49KB
- nssc-20240930_cal.xml (EX-101.CAL) — 52KB
- nssc-20240930_def.xml (EX-101.DEF) — 242KB
- nssc-20240930_lab.xml (EX-101.LAB) — 437KB
- nssc-20240930_pre.xml (EX-101.PRE) — 381KB
- nssc-20240930x10q_htm.xml (XML) — 2255KB
: FINANCIAL INFORMATION
PART I: FINANCIAL INFORMATION ITEM 1.
Financial Statements
Financial Statements 3 NAPCO SECURITY TECHNOLOGIES, INC. AND SUBSIDIARIES INDEX – September 30, 2024 Condensed Consolidated Balance Sheets as of September 30, 2024 and June 30, 2024 (unaudited) 3 Condensed Consolidated Statements of Income for the Three Months ended September 30, 2024 and 2023 (unaudited) 4 Condensed Consolidated Statements of Stockholders Equity for the Three Months Ended September 30, 2024 and 2023 (unaudited) 5 Condensed Consolidated Statements of Cash Flows for the Three Months Ended September 30, 2024 and 2023 (unaudited) 6 Notes to Condensed Consolidated Financial Statements (unaudited) 7 ITEM 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 28 ITEM 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 31 ITEM 4.
Controls and Procedures
Controls and Procedures 32
: OTHER INFORMATION
PART II: OTHER INFORMATION ITEM 1.
Legal Proceedings
Legal Proceedings 33 ITEM 1A.
Risk Factors
Risk Factors 33 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 33 ITEM 3. Defaults Upon Senior Securities 33 ITEM 4. Mine Safety Disclosures 33 ITEM 5. Other Information 33 ITEM 6. Exhibits 34 SIGNATURE PAGE 35 2 Table of Contents
: FINANCIAL INFORMATION
PART I: FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements NAPCO SECURITY TECHNOLOGIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) September 30, 2024 June 30, 2024 (in thousands, except share data) CURRENT ASSETS Cash and cash equivalents $ 85,596 $ 65,341 Investments - other 10,926 26,980 Marketable securities 5,666 5,398 Accounts receivable, net of allowance for credit losses of $ 23 and $ 32 as of September 30, 2024 and June 30, 2024, respectively 28,236 31,898 Inventories 36,395 34,804 Income tax receivable 144 73 Prepaid expenses and other current assets 4,466 4,269 Total Current Assets 171,429 168,763 Inventories - non-current 13,782 15,109 Property, plant and equipment, net 9,287 9,077 Intangible assets, net 3,523 3,602 Deferred income taxes 6,177 5,428 Operating lease - Right-of-use asset 5,410 5,487 Other assets 283 286 TOTAL ASSETS $ 209,891 $ 207,752 CURRENT LIABILITIES Accounts payable $ 5,936 $ 7,977 Accrued expenses 9,446 10,345 Accrued salaries and wages 4,694 3,907 Dividend payable 4,610 — Total Current Liabilities 24,686 22,229 Accrued income taxes 1,136 1,122 Operating lease liability 5,460 5,512 TOTAL LIABILITIES 31,282 28,863 COMMITMENTS AND CONTINGENCIES (Note 13) STOCKHOLDERS' EQUITY Common Stock, par value $ 0.01 per share; 100,000,000 shares authorized as of September 30, 2024 and June 30, 2024; 39,771,035 and 39,768,186 shares issued; and 36,684,068 and 36,874,471 shares outstanding, respectively. 398 398 Additional paid-in capital 24,137 23,712 Retained earnings 180,875 174,300 Less: Treasury Stock, at cost ( 3,086,967 and 2,893,715 shares as of September 30, 2024 and June 30, 2024, respectively) ( 26,801 ) ( 19,521 ) TOTAL STOCKHOLDERS' EQUITY 178,609 178,889 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 209,891 $ 207,752 See accompanying notes to condensed consolidated financial sta