Pivotal Point Tracking NAPCO Security Technologies (NSSC): Specialist in Security Technology Benefits from 90% Record Margin on Recurring Cloud Services!
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NAPCO Security Technologies impressed on February 2nd with a remarkable fiscal quarter. Earnings per share in Q2 were significantly above expectations at $0.38, compared to the anticipated $0.32. A key driver of success was the increase in recurring service revenues to $23.8 million, which displayed an exceptional gross margin of 90.2%. With a record revenue of $48.2 million (+12% year-over-year) and a net profit increase of 29%, the market reacted enthusiastically. The stock jumped over 11%. The debt-free company also raised its quarterly dividend...
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