NAPCO Security Tech (NSSC) Misses Q4 EPS by 2c, Beats on Revenues

NAPCO Security Tech (NASDAQ: NSSC) reported Q4 EPS of $0.17, $0.02 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $25.68 million versus the consensus estimate of $25.4 million.

Financial Highlights:

• Net sales for the fiscal year were a record $87.4 million, up 6% from the same period last year. Net sales for the fourth quarter were $25.7 million, up 7% from the same quarter last year.
• Recurring revenue for the fiscal year increased 65% and now has an annual run rate of $9.7 million based on June 2017 recurring revenue.
• Income before taxes for fiscal 2017 increased 2.5% to $6.3 million from $6.1 million a year ago.
• Earnings per share (diluted) for the fiscal year was $0.30, as compared to $0.31 for the same period a year ago. Earnings per share (diluted) for the fourth quarter was $0.17, as compared to $0.18 last year.
• Debt, net of cash was reduced to zero as of June 30, 2017.

For earnings history and earnings-related data on NAPCO Security Tech (NSSC) click here.

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