AMITYVILLE, N.Y., Nov. 27, 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 present at the LD MICRO Conference in Los Angeles, CA.
NAPCO management is scheduled to present on Tuesday December 4 at 10 AM PT with one-on-one meetings held throughout the conference. NAPCO management will be discussing its recently released Fiscal Q1:19 results of $23.4 million in sales, which mark its seventeenth consecutive quarter of sales growth and a new first quarter record. 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. Management will also discuss the important changes taking place in school security and the positive impact these changes are expected to have on its business. New products such as the recently announced FIRELINK panel, another recurring revenue product will be highlighted as well.
The presentation will be webcast live and available for replay in the Investor Relations section of NAPCO's website at www.napcosecurity.com.
To receive additional information, request an invitation or to schedule a one-on-one meeting, please contact LD MICRO or Patrick McKillop, Director IR for NAPCO at email@example.com.
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.