Quarterly ResultMay 5, 2026, 11:02 AM
NAPCO Q3 Net Loss $(0.01) EPS Due to $16M Litigation Cost
AI Summary
NAPCO Security Technologies reported a net loss of $(0.4) million, or $(0.01) per diluted share, for the fiscal quarter ended March 31, 2026, primarily due to a $16 million litigation settlement cost. Despite this, total revenue increased by 11.8% to $49.2 million for the quarter, driven by growth in both service and equipment revenue. For the nine months ended March 31, 2026, net income decreased by 20.5% to $25.3 million, or $0.70 per diluted share, despite an 11.9% increase in total revenue to $146.5 million. The company's cash and cash equivalents rose to $114.4 million.
Key Highlights
- Q3 Net Loss $(0.4)M, or $(0.01) diluted EPS, due to litigation.
- Q3 Total Revenue increased 11.8% to $49.2M.
- Q3 Service Revenue grew 15.4% to $24.9M.
- Q3 Equipment Revenue increased 8.4% to $24.2M.
- $16.0M litigation settlement cost incurred in Q3.
- Nine-month Net Income decreased 20.5% to $25.3M.
- Cash and cash equivalents increased 37.7% to $114.4M.
- Dividends paid increased to $15.0M for nine months.