Napco Security Technologies (NSSC) FY2019 results: revenue $103 million, up 12.2% on the year
Napco Security Technologies, Inc. (NSSC) reported revenue of $103 million for fiscal 2019, the year ended 30 June 2019, up 12.2% on the year before. Net income was $12 million, up 63.2%, and diluted earnings per share $0.34. The figures are the company's own, from the 10-K it filed with the SEC on 13 September 2019.
Revenue
$103 million
+12.2% on the year
FY2012FY2019
Operating margin
13.4%
9.2% a year earlier
FY2012FY2019
Net income
$12 million
+63.2% on the year
FY2012FY2019
Diluted EPS
$0.34
+65.9% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
103
91.7
87.4
+12.2%
Cost of revenue
58.7
53.8
51.1
+9.3%
Gross profit
44.2
38.0
36.3
+16.3%
Gross margin
42.9%
41.4%
41.5%
Research and development
7.2
6.6
6.7
+8.8%
Selling, general and administrative
23.2
23.0
23.2
+1.1%
Operating income
13.8
8.4
6.4
+63.7%
Operating margin
13.4%
9.2%
7.3%
Interest expense
0.0
0.1
0.1
-74.1%
Pre-tax income
13.8
8.3
6.3
+65.1%
Income tax
1.3
0.7
0.7
+86.3%
Effective tax rate
9.3%
8.2%
11.1%
Net income
12.5
7.6
5.6
+63.2%
Net margin
12.1%
8.3%
6.4%
Diluted EPS
$0.34
$0.20
$0.15
+65.9%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
8.7
7.9
2.4
+10.0%
Capital expenditure
2.0
1.3
1.4
+55.3%
Free cash flow
6.7
6.6
1.0
+1.2%
Free cash flow margin
6.5%
7.2%
1.2%
Cash from investing
-2.0
-1.3
-1.4
Cash from financing
-3.9
-4.7
-1.4
Depreciation and amortisation
1.1
1.0
0.9
+5.2%
Share-based compensation
0.2
0.1
0.1
+9.6%
Buybacks
4.0
1.3
0.0
+199.0%
Diluted shares, weighted
37m
38m
38m
-1.1%
Shares outstanding at period end
18m
37m
38m
-50.7%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
70.5
62.6
56.9
+12.8%
Debt
0.0
0.0
3.5
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
15.4
10.7
10.5
+43.5%
Total liabilities and equity
85.9
73.3
70.9
+17.3%
Fixed assets
7.7
6.8
6.5
+13.3%
Intangible assets
7.2
7.5
7.9
-4.1%
Cash and equivalents
8.0
5.3
3.5
+51.2%
Receivables
26.0
22.7
20.3
+14.2%
Inventory
29.6
24.5
26.2
+20.6%
Other assets
7.4
6.4
6.5
+16.6%
Total assets
85.9
73.3
70.9
+17.3%
10-K for the year ended 30 June 2019, filed 13 September 2019: the filing.