Tag: Recurring service revenue (RSR)
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...
NAPCO Q3 - Recurring revenue tops 50% as margins expand
May 8, 2026SSN Staff
AMITYVILLE, N.Y.—NAPCO Security Technologies reported solid fiscal Q3 2026 results, highlighted by double-digit revenue growth, expanding margins and continued strength in its high-margin recurring service revenue (RSR) business.
Total net revenue for the quarter ended March 31 increased 11.8% year over year to $49.2 million, driven by growth across both equipment sales and recurring services.
By the Numbers: NAPCO Fiscal Q3 2026
Revenue: $49.2M (+11.8% YoY)
Recurring Service...
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 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 reports fiscal Q1 results
November 3, 2025SSN Staff
AMITYVILLE, N.Y. — NAPCO Security Technologies has announced the financial results for its first quarter of fiscal 2026.
Richard Soloway, chairman and CEO, commented, "With the completion of the first quarter of fiscal 2026, we experienced year-over-year double-digit growth in both our equipment and service revenue. Strong demand for our door-locking products has driven the growth in our equipment revenue and improved equipment gross margins, and our RSR continues to see growth quarter...
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 reports resilient FY25 with strong RSR growth and solid margins
August 25, 2025SSN Staff
AMITYVILLE, N.Y.—NAPCO Security Technologies demonstrated resilience amid industry headwinds in reporting its fiscal year Q4 and full-year 2025 results.
NAPCO closed the year with strong recurring service revenue (RSR) growth and solid profitability, with the company’s RSR surging 14% to $86.3 million, representing nearly half of total revenue and boasting a 91% gross margin. Net sales of $50.7 million for Q4 increased 1% year-over-year, while total net full-year sales...
NAPCO’s Q2 a mixed bag
February 5, 2025Ken Showers
AMITYVILLE, N.Y. — NAPCO Security Technologies' financial results for the second quarter of fiscal 2025 revealed a healthy recurring service revenue (RSR) but also several setbacks due to bad timing.
The company’s financial results at a glance: Net sales of $43 million, a decrease of 9.7% year over year; and RSR of $21.2 million, a 14.4% increase, and gross profit margin of 57% vs. 52.6%, both compared to the prior quarter.
“This quarter yielded mixed...
NAPCO’s radio gains make up for lagging lock sales
November 5, 2024Ken Showers
AMITYVILLE, N.Y.— NAPCO Security Technologies saw strong radio sales and recurring service revenue (RSR) but struggling locking sales in the first quarter of its fiscal year 2025.
RSR saw a prospective annual run rate of approximately $85.2 million based on October 2024 RSR, compared to $83.5 million from July 2024 RSR.
“The increase is due to the continued strength of our line of StarLink radios, particularly our StarLink fire radios,” said CFO Kevin Buchel during...