A leading provider of high-tech electronic security devices, a wireless recurring communication service provider for intrusion alarms, fire alarms, access control systems, and locking systems, NAPCO Security Technologies, Inc. (NASDAQ: NSSC), as well as providing school safety solutions, is pleased to announce that management will be presenting and hosting one-on-one meetings and Zoom calls with investors at the 26th Annual Needham Growth Conference in New York. The company's management will be attending the conference and participating in one-on-one meetings and Zoom calls with investors.
There will be a presentation by NAPCO management on Thursday, January 18 at 10:15 AM ET, and the company will host in-person meetings on the same day..  Moreover, management will host a virtual meeting on January 19th as well.  In addition to the topics that will be discussed during the conference, the company will also highlight its recent fiscal first quarter 2024 results, which showed record sales of $41 million.As a result, it has grown its recurring revenue by 25% on an annual basis to $17 million.There was a revenue of 3 million dollars and a gross margin of 90% on that revenue.  There is now a $72 million annual run rate for recurring revenue for the company.The recurring revenue for October 2023 is estimated to be $5 million.  There will also be a discussion on the recent introduction of Prima by NAPCO, a new All-in-One Panel for security, fire, video and connected home systems which has been designed to address a segment of the security market that is an important mass segment, including residential and small business entities.
  There will also be a discussion on the recent introduction of Prima by NAPCO, a new All-in-One Panel for security, fire, video and connected home systems which has been designed to address a segment of the security market that is an important mass segment, including residential and small business entities.
The presentation will be webcast live and interested parties can find a link to the webcast on the Investor Relations section of the company's website (www.napcosecurity.com). In order to obtain additional information, to request an in-person one-on-one invitation or a Zoom invitation, please contact your Needham sales representative or Francis Okoniewski, Vice President of Investor Relations for NAPCO at [email protected].      
NAPCO Security Technologies, Inc. is a company that provides security solutions. The NAPCO Security Technologies, Inc. is a security technology company..It is one of the world's leading manufacturers and service providers of high-tech electronic security devices as well as a leading provider of school safety solutions that ensure student safety.. As a company, NAPCO is divided into four divisions: NAPCO, Continental Instruments, Marks USA, and Alarm Lock, that are all wholly owned subsidiaries of the Company.. In addition to its headquarters in Amityville, New York, tens of thousands of security professionals around the world use its products for commercial, industrial, institutional, residential, as well as government applications.. A number of NAPCO products have earned a reputation for innovation, technical excellence, and reliability, positioning NAPCO for growth in the multi-billion dollar and rapidly expanding field of electronic security.. In order to obtain further information about NAPCO, please visit the company's website at http://www.napco.com for more information.NACCO Security Inc..Please visit www.com
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Statement of Safe Harbor This news release contains forward-looking statements that are based on current expectations, estimates, forecasts, and projections of future performance based on management's judgment, beliefs, current trends, and expectations regarding the performance of the products.. As part of these forward-looking statements, we will include, but are not limited to, statements concerning the impact of the COVID-19 pandemic, the growth of recurring service revenue, and the growth of the annual run rate, the introduction of new access control and locking products, the opportunities for fire alarm products, and our ability to execute our business plans..  As a result of certain factors, actual results, performance or achievements may differ materially from those described in such forward-looking statements. These factors include the risk factors that the Company has outlined in its filings with the Securities and Exchange Commission, such as our annual report on Form 10-K and quarterly reports on Form 10-Q, among other things.. There may also be other unknown or unpredictable factors or assumptions underlying the forward-looking statements that ultimately prove to be incorrect for a variety of reasons, which could cause actual results to differ materially from those forecasted in the forward-looking statements. In spite of the fact that we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or accomplishments.. In making forward-looking statements, we caution you not to place undue reliance on them. Unless otherwise stated, all information contained in this press release is as of today's date unless otherwise stated, and the Company disclaims any duty to update any information contained herein except as required by applicable law.
Unless otherwise stated, all information contained in this press release is as of today's date unless otherwise stated, and the Company disclaims any duty to update any information contained herein except as required by applicable law.
The following person can be reached for further information: Francis J. Okoniewski IIIVice President, Investor Relations NAPCO Security Technologies, Inc. 800-645-9445 x 374 Mobile: 516-404-3597 [email protected]  
NAPCO Security Technologies, Inc. is the source of this information.
This is not the first time that NAPCO Security Technologies, Inc. (NASDAQ: NSSC) has become one of the leading designers and manufacturers of high-tech electronic security devices, wireless...
The NAPCO Security Technologies, Inc. (NASDAQ: NSSC), one of the world's leading manufacturers and designers of a wide range of high-tech electronic security equipment, wireless communication systems, and wireless...

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