Napco Security Technologies (NSSC) FY2018 results: revenue $92 million, up 5.0% on the year
Napco Security Technologies, Inc. (NSSC) reported revenue of $92 million for fiscal 2018, the year ended 30 June 2018, up 5.0% on the year before. Net income was $8 million, up 36.6%, and diluted earnings per share $0.20. The figures are the company's own, from the 10-K it filed with the SEC on 13 September 2018.
Revenue
$92 million
+5.0% on the year
FY2011FY2018
Operating margin
9.2%
7.3% a year earlier
FY2011FY2018
Net income
$8 million
+36.6% on the year
FY2011FY2018
Diluted EPS
$0.20
+36.7% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
91.7
87.4
82.5
+5.0%
Cost of revenue
53.8
51.1
54.9
+5.2%
Gross profit
38.0
36.3
27.6
+4.7%
Gross margin
41.4%
41.5%
33.4%
Research and development
6.6
6.7
n/a
-1.4%
Selling, general and administrative
23.0
23.2
21.3
-1.1%
Operating income
8.4
6.4
6.3
+31.9%
Operating margin
9.2%
7.3%
7.7%
Interest expense
0.1
0.1
0.2
-2.4%
Pre-tax income
8.3
6.3
6.1
+32.4%
Income tax
0.7
0.7
0.4
-1.7%
Effective tax rate
8.2%
11.1%
6.0%
Net income
7.6
5.6
5.8
+36.6%
Net margin
8.3%
6.4%
7.0%
Diluted EPS
$0.20
$0.15
$0.15
+36.7%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
7.9
2.4
9.2
+221.3%
Capital expenditure
1.3
1.4
0.7
-9.5%
Free cash flow
6.6
1.0
8.5
+536.8%
Free cash flow margin
7.2%
1.2%
10.3%
Cash from investing
-1.3
-1.4
n/a
Cash from financing
-4.7
-1.4
n/a
Depreciation and amortisation
1.0
0.9
0.9
+12.1%
Share-based compensation
0.1
0.1
0.1
+43.1%
Buybacks
1.3
0.0
1.1
Diluted shares, weighted
38m
38m
38m
-0.2%
Shares outstanding at period end
37m
38m
38m
-0.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
62.6
56.9
51.3
+10.0%
Debt
0.0
3.5
4.8
Other liabilities
10.7
10.5
8.7
+2.3%
Total liabilities and equity
73.3
70.9
64.8
+3.4%
Fixed assets
6.8
6.5
6.0
+3.8%
Intangible assets
7.5
7.9
8.4
-4.7%
Cash and equivalents
5.3
3.5
3.5
+53.7%
Receivables
22.7
20.3
19.0
+12.1%
Inventory
24.5
26.2
21.4
-6.4%
Other assets
6.4
6.5
6.5
-1.7%
Total assets
73.3
70.9
64.8
+3.4%
10-K for the year ended 30 June 2018, filed 13 September 2018: the filing.