Tag: Kevin Buchel
NAPCO holds Q4 2023 earnings call
August 29, 2023Ken Showers, Managing Editor
AMITYVILLE, N.Y. – NAPCO Security Technologies announced its financial results for the fourth quarter and fiscal year ended June 30, 2023.
Highlights for the quarter included the increase of net sales for the quarter 3% to $44.7 million, a Q4 record for the company as compared to $43.2 million for the same period last year. Net sales for the fiscal year increased 18% to a record $170 million as compared to $143.6 million last year.
Recurring service revenue (RSR) for the quarter...
NAPCO’s Q2 financial results continue to prove strong as 2023 marches on
February 8, 2023Ken Showers, Managing Editor
AMITYVILLE, N.Y. – The momentum shown in NAPCO’s first quarter fiscal results gives no sign of slowing down as the company presented its Q2 2023 fiscal results to investors on Feb. 6.
NAPCO continues to break records as its net sales for the quarter increased 27 percent to a Q2 record of $42.3 million as compared to $33.4 million for the same period last year. Their recurring service revenue (RSR) that the company attributed to much of their current success in the past...
NAPCO’s Buchel discusses paths to success at Needham Growth Conference
January 12, 2023Ken Showers, Managing Editor
NEW YORK – At the 2023 25th Annual Needham Growth Conference, NAPCO Security Technologies discussed some key components in the growth of their business.
For NAPCO, the manufacture of security products has been a staple for the company for many years, but their current growth can be attributed to a different source according to CFO Kevin Buchel “…About seven or eight years ago we came out with a product that gave us recurring revenue, and that was the game changer....