Tag: Kevin Buchel
NAPCO reports record Q4 revenue, recurring service growth in fiscal 2026
August 24, 2026SSN Staff
AMITYVILLE, N.Y.—NAPCO Security Technologies reported record fourth-quarter revenue of $55.8 million, a 10% increase over the same period a year earlier, driven by continued growth in recurring service revenue (RSR) and a rebound in equipment sales.
NAPCO's recurring service revenue, which includes its StarLink communications business, rose 12.9% to $25.3 million from $22.4 million for the quarter. The company said the segment continues to generate gross margins...
Soloway shifts from operator to innovator as NAPCO enters next chapter
August 12, 2026Cory Harris, Editor
AMITYVILLE, N.Y.—Richard “Dick” Soloway isn't retiring. Instead, the NAPCO Security Technologies founder is handing operational leadership to Kevin S. Buchel so he can devote more time to innovation, new technologies and the company's long-term growth.
Soloway stepped down in July, transitioning to founder and executive chairman while continuing as chairman of the board.
“I was...
NAPCO’s Buchel takes reins as CEO
July 9, 2026SSN Staff
AMITYVILLE, N.Y.—NAPCO Security Technologies founder Richard Soloway has stepped down as CEO; President Kevin Buchel has assumed the rule of CEO and president.
Soloway, who founded NAPCO more than 55 years ago, will serve as founder and executive chairman while continuing as chairman of the board. In his new role, Soloway will focus on strategic initiatives, long-term business planning, product innovation and industry relationships.
"It...
NAPCO eyes new growth drivers of recurring revenue
May 20, 2026Cory Harris, Editor
AMITYVILLE, N.Y.—NAPCO Security Technologies highlighted an evolving business model driven by continued expansion of recurring service revenue (RSR) during a recent call to discuss third quarter 2026 earnings.
The company’s recurring service revenue (RSR) grew more than 15% year over year to $24.9 million, now representing approximately 51% of total sales, with an annualized run rate exceeding $100 million....
NAPCO’s business model ‘working exactly as intended,’ says CEO
February 4, 2026Cory Harris, Editor
AMITYVILLE, N.Y.—The subscription-focused strategy of NAPCO Security Technologies continues to pay off, with recurring service revenue (RSR) scaling alongside equipment sales to drive record results in the company’s second quarter fiscal year 2026.
During a recent conference call, Chairman and CEO Richard Soloway told analysts that Q2 revenue reached a record $48.2 million, driven by double-digit growth across both RSR and equipment sales, expanding...
NAPCO appoints Joseph C. Pipczynski, Jr. as chief revenue officer
February 3, 2026SSN Staff
AMITYVILLE, N.Y.—NAPCO Security Technologies, a manufacturer of electronic security products, has announced the creation of the chief revenue officer (CRO) role and the appointment of Joseph C. Pipczynski, Jr. to the position, effective Jan. 20, 2026.
Pipczynski will report to Kevin Buchel, president and chief operating officer. In addition, Stephen Spinelli, senior vice president of sales, will report directly to Pipczynski.
As chief revenue officer, Pipczynski will be responsible...
NAPCO Security Technologies reports fiscal 2026 Q2 results
February 2, 2026SSN Staff
AMITYVILLE, N.Y.—NAPCO Security Technologies announced financial results for its second quarter of fiscal 2026.
Fiscal Q2 2026 Highlights
Record Q2 net revenues of $48.2 million, a 12.2% YoY increase
Equipment revenue increased 12.0% YoY to $24.3 million
Recurring service revenue (RSR) increased 12.5% YoY to $23.8 million with a 90.2% gross margin
RSR had a prospective annual run rate of approximately $99 million based on January 2026 recurring...
NAPCO leans on recurring services to jolt revenues
November 11, 2025Cory Harris, Editor
AMITYVILLE, N.Y.—NAPCO Security Technologies Chairman and CEO Richard Soloway highlighted the strength of NAPCO’s recurring revenue model and its resilience amid macroeconomic challenges during its recent Q1 2026 earnings call.
Financial results for the first quarter of 2026 saw NAPCO report record net revenues of $49.2 million - a 11.7% YoY increase – and recurring service revenue (RSR) of $23.4 million – a 1.1% YoY increase with a 90% gross margin.
“Our...
NAPCO delivers solid FY25 performance with 10% RSR growth and strategic tariff response
August 27, 2025Cory Harris, Editor
AMITYVILLE, N.Y.—NAPCO Security Technologies Chairman and CEO Richard Soloway credits his company’s ability to focus on its long-term strategy amidst “a fair share of headwinds” for its strong Q4 and full-year 2025.
Soloway told investors during NAPCO’s earnings call that even through microeconomic uncertainty and tariff-related pressures over the past year, the company continued to deliver best-in-class solutions, maintain operational discipline and invest...
NAPCO overcomes ‘external challenges,’ posts strong RSR numbers
May 28, 2025Cory Harris, Editor
AMITYVILLE, N.Y.—Even with U.S.-imposed tariffs leading to increased equipment prices in Q3, NAPCO Security Technologies Chairman and CEO Richard Soloway assured investors during a recent conference call that his company is well-positioned to withstand turbulence thanks in part to growing recurring service revenue.
RSR increased by 10.6% to $21.6 million in Q3, representing 49% of total company revenues with a 91% gross margin.
“While fiscal Q3 brought external...