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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...

Kevin Buchel, Marks USA Locks, MVP Access, NAPCO Security Technologies, PASS (Partner Alliance for Safer Schools) K-12 Partner, Recurring service revenue (RSR), Richard Soloway, Trilogy Lock

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