NAPCO Security Technologies (NASDAQ: NSSC), a worldwide manufacturer of various security products, is developing advanced technologies for intrusion, fire, video, wireless, access control and door locking systems for commercial, industrial, institutional, residential and government application. Founded in 1969, the company has a track record of evolution on pace with the changing market for security solutions. Taking advantage of the growing demand for connected home products and alarm systems compatible with 3G cellular networks, NAPCO has launched several new products designed to provide recurring revenue streams and further solidify the company’s position in the broader security market. The company has consistently grown its revenues and earnings, reporting FY 2016 revenues of $82.5 million, up from $77.8 million in 2015 and $74.4 million in 2014. Net income of $5.8 million for FY 2016 marks an increase over net income of $4.8 million and $3.8 million for 2015 and 2014, respectively. NAPCO will release financial results for its fiscal 2017 second quarter on February 6.
To learn more, visit www.napcosecurity.com
About NAPCO Security Technologies, Inc.
NAPCO Security Technologies, Inc. is one of the world’s leading solutions providers and manufacturers of high-technology electronic security (including recurring service fee revenue), IoT connected home, video, fire alarm, access control and door locking systems. The Company consists of four Divisions: NAPCO, its security and IoT connected home segment, plus three wholly-owned subsidiaries: Alarm Lock, Continental Instruments, and Marks USA. Headquartered in Amityville, New York, its products are installed by tens of thousands of security professionals worldwide in commercial, industrial, institutional, residential and government applications. NAPCO products have earned a reputation for innovation, technical excellence and reliability, positioning the Company for growth in the multi-billion dollar and rapidly expanding electronic security market.
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