Tag: Marks USA Locks
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 reports record-breaking revenues for Q3 of fiscal 2024
May 7, 2024SSN Staff
AMITYVILLE, N.Y.—NAPCO Security Technologies has announced record-breaking financial results for its third quarter of fiscal 2024.
The New York-based manufacturer and designer of high-tech electronic security equipment and wireless communication devices for intrusion and fire alarm systems, as well as provider of school safety solutions, posted its 14th consecutive record-breaking quarter for sales during Q3.
Net sales for Q3 increased 13% to $49.3 million - the highest quarterly...
Latch announces first installation with Marks USA locks
May 30, 2023SSN Staff
NEW YORK & SOUTH ORANGE, N.J. – SaaS platform Latch has announced the completion of its first installation of Marks USA's ArchiTech Series Networx Locks at Meridia Living’s Meridia Village Commons in New Jersey.
Powered by Latch, these locks were installed at the Meridia Village Commons in South Orange, N.J. Latch stated that residents in the 106 units of the recent construction will benefit from their smart access technology and features like flexible unlock methods, and...