AMITYVILLE, N.Y., Nov. 20, 2017 /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 December 5 at 8:30AM
PT with one-on-one meetings held throughout the conference.
NAPCO management will be discussing its recently released
Fiscal Q1:18 results, including revenues of $21.2 million, net income of $900K or $0.05 per
share on a GAAP basis and $1.4
million or $0.08 per share of
Adjusted EBITDA, as well as the continuing strong growth of
recurring revenue (up 56% compared to Q1 last year) which now has
an annual run rate of $10.6M with a
GM of approximately 90%. NAPCO management will also be discussing
new product introductions including those that address the
urgent need for increased school security.
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 pmckillop@napcosecurity.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.
* Non-GAAP Information. Certain non-GAAP measures are
included in this press release, including EBITDA, non-GAAP
operating income and Adjusted EBITDA. We define EBITDA as GAAP net
income plus income tax expense (benefit), net interest expense and
depreciation and amortization expense. Non-GAAP operating income
does not include impairment of goodwill, amortization of
intangibles, restructuring charges, stock-based compensation
expense and other infrequent or unusual charges. These non-GAAP
measures are provided to enhance the user's overall understanding
of our financial performance. By excluding these charges our
non-GAAP results provide information to management and investors
that is useful in assessing NAPCO's core operating performance and
in comparing our results of operations on a consistent basis from
period to period. The presentation of this information is not meant
to be a substitute for the corresponding financial measures
prepared in accordance with generally accepted accounting
principles. Investors are encouraged to review the reconciliation
of GAAP to non-GAAP financial measures included in the
above.
Contact:
Patrick McKillop
Director of Investor Relations
NAPCO Security Technologies, Inc.
OP: 800-645-9445 x 374
CP: 516-404-3597
pmckillop@napcosecurity.com
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SOURCE NAPCO Security Technologies, Inc.