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Napco Security Technologies Second Quarter 2023 Earnings: Beats Expectations

Simply Wall St
·1-min read

Napco Security Technologies (NASDAQ:NSSC) Second Quarter 2023 Results

Key Financial Results

  • Revenue: US$42.3m (up 27% from 2Q 2022).

  • Net income: US$8.45m (up by US$7.41m from 2Q 2022).

  • Profit margin: 20% (up from 3.1% in 2Q 2022). The increase in margin was driven by higher revenue.

  • EPS: US$0.23 (up from US$0.028 in 2Q 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Napco Security Technologies Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 8.1%. Earnings per share (EPS) also surpassed analyst estimates by 62%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Electronic industry in the US.

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Performance of the American Electronic industry.

The company's shares are up 20% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Napco Security Technologies (1 can't be ignored!) that you need to be mindful of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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