Napco Security Technologies (NSSC) FY2017 results: revenue $87 million, up 5.9% on the year
Napco Security Technologies, Inc. (NSSC) reported revenue of $87 million for fiscal 2017, the year ended 30 June 2017, up 5.9% on the year before. Net income was $6 million, down 3.0%, and diluted earnings per share $0.15. The figures are the company's own, from the 10-K it filed with the SEC on 13 September 2018.
Revenue
$87 million
+5.9% on the year
FY2011FY2017
Operating margin
7.3%
7.7% a year earlier
FY2011FY2017
Net income
$6 million
-3.0% on the year
FY2011FY2017
Diluted EPS
$0.15
-3.2% on the year
FY2011FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
87.4
82.5
77.8
+5.9%
Cost of revenue
51.1
54.9
51.7
-7.0%
Gross profit
36.3
27.6
26.0
+31.6%
Gross margin
41.5%
33.4%
33.5%
Research and development
6.7
n/a
n/a
Selling, general and administrative
23.2
21.3
20.8
+9.1%
Operating income
6.4
6.3
5.3
+0.9%
Operating margin
7.3%
7.7%
6.8%
Interest expense
0.1
0.2
0.2
-53.6%
Pre-tax income
6.3
6.1
5.1
+2.5%
Income tax
0.7
0.4
0.2
+87.6%
Effective tax rate
11.1%
6.0%
4.3%
Net income
5.6
5.8
4.8
-3.0%
Net margin
6.4%
7.0%
6.2%
Diluted EPS
$0.15
$0.15
$0.12
-3.2%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
2.4
9.2
3.9
-73.3%
Capital expenditure
1.4
0.7
0.7
+104.0%
Free cash flow
1.0
8.5
3.2
-87.8%
Free cash flow margin
1.2%
10.3%
4.1%
Cash from investing
-1.4
n/a
n/a
Cash from financing
-1.4
n/a
n/a
Depreciation and amortisation
0.9
0.9
0.9
+4.8%
Share-based compensation
0.1
0.1
0.1
-1.0%
Buybacks
0.0
1.1
2.2
Diluted shares, weighted
38m
38m
38m
-0.2%
Shares outstanding at period end
38m
38m
38m
+0.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
56.9
51.3
46.5
+11.0%
Debt
3.5
4.8
10.7
-27.1%
Other liabilities
10.5
8.7
7.8
+20.4%
Total liabilities and equity
70.9
64.8
65.0
+9.4%
Fixed assets
6.5
6.0
6.2
+8.2%
Intangible assets
7.9
8.4
8.9
-5.3%
Cash and equivalents
3.5
3.5
2.3
0.0%
Receivables
20.3
19.0
18.0
+6.6%
Inventory
26.2
21.4
22.8
+22.3%
Other assets
6.5
6.5
6.8
-0.1%
Total assets
70.9
64.8
65.0
+9.4%
10-K for the year ended 30 June 2017, filed 13 September 2018: the filing.