Filing Flows › Napco Security Technologies (NSSC) › Q3 FY25
Napco Security Technologies (NSSC) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 5, 2025
Napco Security Technologies (NSSC) reported revenue of $44.0M for the third quarter fiscal 2025 (Q3 FY25), -11% from a year earlier and +2% from the quarter before. Operating margin was 25.4%, net earnings $10.1M (23.0% of revenue).
Napco Security Technologies, Q3 FY25: revenue $44.0M (-11% year over year), operating margin 25.4%, net earnings $10.1M, operating cash flow $13.4M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $44.0M | +2% | -11% |
| Gross profit | $25.1M | +3% | -5% |
| Operating profit | $11.1M | -0.2% | -23% |
| Net earnings | $10.1M | -3% | -23% |
| Operating cash flow | $13.4M | -0.9% | +8% |
| Free cash flow | $13.3M | +8% | +11% |
What changed
Revenue was $44.0M in Q3 FY25, down 11% year over year and up 2% from the previous quarter. Services was the largest line at 49% of revenue. Door locking devices lost $5.3M year over year (down 27%), 100% of the total change.
Gross margin was 57.2%, up 3.4 points from a year earlier. Operating profit was $11.1M, a 25.4% margin (down 4.1 points year over year). Operating expenses grew 17% against a revenue fall of 11%. The fastest-growing cost line was SG&A (+17%). Net earnings were $10.1M, down 23% year over year. The effective tax rate was 15.7%.
Operating cash flow was $13.4M (up 8% year over year), 132% of net earnings. Non-cash charges added back $493K of depreciation and amortization and $386K of share-based compensation. Working capital and other items added $2.4M. Capital expenditures of $65K left free cash flow of $13.3M.
Questions
What was Napco Security Technologies' revenue in the third quarter fiscal 2025?
Napco Security Technologies (NSSC) reported revenue of $44.0M for the third quarter fiscal 2025 (Q3 FY25), -11% from a year earlier and +2% from the quarter before.
Was Napco Security Technologies profitable in the third quarter fiscal 2025?
Operating profit was $11.1M (25.4% of revenue) and net earnings $10.1M.