AMITYVILLE, N.Y., Nov. 20, 2018 /PRNewswire/ -- NAPCO Security Technologies (NASDAQ: NSSC), one of the world's leading solutions providers and manufacturers of high tech electronic intrusion security, IoT connected home, video and fire systems, as well as enterprise-class access control and door locking products today announced that management will attend the Benchmark Company Conference in Chicago, IL.
NAPCO management will be discussing its recently released Fiscal Q1:19 results of $23.4 million in sales, a new first quarter record and which mark its seventeenth consecutive quarter of sales growth. During the quarter recurring revenue grew 46% to an annual run rate of $15.6 million based on September 2018, net income was up 69% to $1.5 million and EPS increased 60% to .08 versus the year ago period respectively. NAPCO management will also be discussing new product introductions, including those that address the urgent need for increased school security.
To receive additional information, request an invitation or to schedule a one-on-one meeting, please contact Benchmark Company or Patrick McKillop, Director IR for NAPCO firstname.lastname@example.org.
About NAPCO Security Technologies, Inc.
NAPCO Security Technologies, Inc. is one of the world's leading solutions providers and manufacturers of high technology electronic security (including recurring service fee revenue), IoT connected home, video, fire alarm, access control and door locking systems. The Company consists of four Divisions: NAPCO, its security and IoT connected home segment, plus three wholly-owned subsidiaries: Alarm Lock, Continental Instruments and Marks USA. Headquartered in Amityville, New York, its products are installed by tens of thousands of security professionals worldwide in commercial, industrial, institutional, residential and government applications. NAPCO products have earned a reputation for innovation, technical excellence and reliability, positioning the Company for growth in the multi-billion dollar and rapidly expanding electronic security market. For additional information on NAPCO please visit the Company's web site at http://www.napcosecurity.com.
Safe Harbor Statement
This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company's filings with the Securities and Exchange Commission.
Director of Investor Relations
NAPCO Security Technologies, Inc.
OP: 800-645-9445 x 374
SOURCE NAPCO Security Technologies, Inc.