Napco Security Technologies (NSSC) FY2020 results: revenue $101 million, down 1.5% on the year
Napco Security Technologies, Inc. (NSSC) reported revenue of $101 million for fiscal 2020, the year ended 30 June 2020, down 1.5% on the year before. Net income was $8 million, down 37.5%, and diluted earnings per share $0.21. The figures are the company's own, from the 10-K it filed with the SEC on 15 September 2020.
Revenue
$101 million
-1.5% on the year
FY2013FY2020
Operating margin
9.9%
13.4% a year earlier
FY2013FY2020
Net income
$8 million
-37.5% on the year
FY2013FY2020
Diluted EPS
$0.21
-38.2% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
101
103
91.7
-1.5%
Cost of revenue
58.5
58.7
53.8
-0.4%
Gross profit
42.8
44.2
38.0
-3.1%
Gross margin
42.3%
42.9%
41.4%
Research and development
7.3
7.2
6.6
+0.6%
Selling, general and administrative
23.7
23.2
23.0
+2.0%
Operating income
10.1
13.8
8.4
-26.9%
Operating margin
9.9%
13.4%
9.2%
Interest expense
n/a
0.0
0.1
Pre-tax income
10.1
13.8
8.3
-26.9%
Income tax
2.3
1.3
0.7
+77.5%
Effective tax rate
22.5%
9.3%
8.2%
Net income
7.8
12.5
7.6
-37.5%
Net margin
7.7%
12.1%
8.3%
Diluted EPS
$0.21
$0.34
$0.20
-38.2%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
10.3
8.7
7.9
+19.1%
Capital expenditure
1.6
2.0
1.3
-18.8%
Free cash flow
8.7
6.7
6.6
+30.4%
Free cash flow margin
8.6%
6.5%
7.2%
Cash from investing
-1.6
-2.0
-1.3
Cash from financing
1.5
-3.9
-4.7
Depreciation and amortisation
1.2
1.1
1.0
+12.5%
Share-based compensation
0.6
0.2
0.1
+264.4%
Buybacks
2.5
4.0
1.3
-38.6%
Diluted shares, weighted
37m
37m
38m
-0.7%
Shares outstanding at period end
18m
18m
37m
-0.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
76.5
70.5
62.6
+8.5%
Debt
3.9
0.0
0.0
Operating lease liabilities
7.1
0.0
n/a
Other liabilities
16.9
15.4
10.7
+10.2%
Total liabilities and equity
104
85.9
73.3
+21.6%
Fixed assets
8.1
7.7
6.8
+5.1%
Intangible assets
5.1
7.2
7.5
-29.3%
Cash and equivalents
18.2
8.0
5.3
+127.3%
Receivables
22.9
26.0
22.7
-11.7%
Inventory
34.7
29.6
24.5
+17.4%
Other assets
15.4
7.4
6.4
+107.7%
Total assets
104
85.9
73.3
+21.6%
10-K for the year ended 30 June 2020, filed 15 September 2020: the filing.