Napco Security Technologies, Inc. (NASDAQ: NSSC) reported financial results for the first quarter of fiscal year 2027, ending September 30, 2026. The company announced record revenue and net income for the period, alongside a declaration of a cash dividend for shareholders.
For the three months ended September 30, 2026, the company reported net revenue of $50.0 million, representing a 1.7% increase compared to the same period in the prior fiscal year. This figure marked a record high for the company. Net income increased by 6.9% year-over-year to $13.0 million, with diluted earnings per share rising to $0.36, up 5.9% from the previous year.
Revenue was broken down into equipment and service components. Equipment revenue decreased by 7.3% to $23.9 million, while recurring service revenue increased by 11.5% to $26.1 million. The company noted that recurring service revenue has a prospective annual run rate of approximately $106 million based on October 2026 figures. Gross profit margin improved to 58.7% from 56.6% in the prior year quarter.
In a separate announcement, the company’s Board of Directors declared a quarterly cash dividend of $0.17 per share. This dividend is payable on January 4, 2027, to stockholders of record on December 14, 2026.
