NAPCO Security Technologies, Inc. (NASDAQ: NSSC), one of the leading designers and manufacturers of high-tech electronic security devices, wireless recurring communication services for intrusion, fire alarm, access control and locking systems as well as a leading provider of school safety solutions today announced that management will be presenting, hosting one on one meetings and Zoom calls with investors at the 25th Annual Needham Growth Conference on January 11, 2023, in New York.
NAPCO management is scheduled to present at 10:15 AM ET on Wednesday January 11 and host in person meetings that day. Additionally, management will host virtual meetings on January 12. The topics to be highlighted during the conference will include the company’s recent record fiscal first quarter 2023 results which had sales grow 27% year over year to a record $39.5 million and its recurring revenues grew 35% year over year to $13.8 million dollars with gross margins of 88%. The annual run rate for recurring revenue is now $58 million based on October 2022 recurring revenue. In addition, we will be discussing our line of school security and safety products that address the urgent need for securing the schools in the US. NAPCO has a product portfolio for school security that fits the needs of the over 131,000 K-12’s and 5,300 colleges and universities.
The presentation will be webcast live and interested parties can find a link to the webcast on the Investor Relations section of NAPCO’s website (www.napcosecurity.com). To receive additional information, request an in person one on one invitation or Zoom invitation, please contact your Needham sales representative or Patrick McKillop, Vice President of Investor Relations for NAPCO at pmckillop@napcosecurity.com.
