2Wk·

Napco Security Tranche 1 of 2

The savings plan was executed somewhat unfavorably, but the 10% will make no difference in the long term.

The quarterly report was very satisfactory for me.

Margin expansion and RSR >10% growth

Exactly what I wanted to see.

$NSSC (-0.88%)

03.02

NSS

NAPCO Security

Bought at €33.75

14 Comments

Memo0606@Memo0606

2Wk

the stock is also on my watchlist
but why the sick crash 🤯

•

TaxesAreTheft@TaxesAreTheft

2Wk

@Memo0606 is because of the disappointing normal sales business. But it is like the sales figures for elevators/escalators at Otis, for example. The recurring service revenue is important. And that has grown by 14%.

•

Memo0606@Memo0606

2Wk

@TaxesAreTheft so would currently buy without hesitation

•

TaxesAreTheft@TaxesAreTheft

2Wk

@Memo0606 without hesitation idk, but I find it more impressive that RSR grows in a weak quarter than in a strong one.

•

Memo0606@Memo0606

2Wk

@Tenbagger2024 in immediately my friend

•

Tino@parlania

2Wk

Net sales of $43.0 million decreased 9.7% YoY
Recurring service revenue ("RSR") increased 14.4% to $21.2 million
Gross profit margin of 57.0% vs 52.6% in prior fiscal year quarter
Diluted EPS of $0.28 vs $0.34 in prior fiscal year quarter

•

Memo0606@Memo0606

2Wk

@parlania bad numbers?!?!

••

Tino@parlania

2Wk

@Memo0606 market reacts with currently -20%... so yes. 10% less turnover than last year...

••