{
  "url": "https://struct.news/briefs/napco-added-21m-of-sales-operating-profit-still-slipped",
  "title": "NAPCO added $21M of sales. Operating profit still slipped",
  "summary": "Gross profit rose 18.6%, while annual operating income fell 1.3%; the filing also reported litigation settlement costs and higher operating expenses.",
  "published_at": "2026-08-25T23:46:07.622289+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "NAPCO Security Technologies, In",
    "ticker": "NSSC",
    "cik": "1104659",
    "sector": "Industrials",
    "industry": "Security & Protection Services"
  },
  "source_filing": {
    "form": "10-K",
    "filed": "2026-08-24",
    "accession": "0001104659-26-100081",
    "url": "https://www.sec.gov/Archives/edgar/data/69633/000110465926100081/nssc-20260630x10k.htm"
  },
  "comparison_filing": {
    "form": "10-K",
    "filed": "2025-08-25",
    "url": "https://www.sec.gov/Archives/edgar/data/69633/000155837025011750/nssc-20250630x10k.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 181621000,
      "display": "$181.6M",
      "unit": "usd",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-K",
        "accession": "0001104659-26-100081",
        "filing_date": "2026-08-24"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": -3.812625781167245,
      "display": "-3.8%",
      "unit": "percent",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001104659-26-100081",
        "filing_date": "2026-08-24"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 25.470072293402197,
      "display": "+25.5%",
      "unit": "percent",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001104659-26-100081",
        "filing_date": "2026-08-24"
      }
    }
  ],
  "watch_next": [
    {
      "type": "pricing",
      "statement": "Intrusion-product growth included a 10.4% price increase, alongside 3.9% volume growth and higher fire-radio-communicator sales.",
      "importance": "medium",
      "evidence": "Intrusion product revenue increased by approximately 14.3% because of price increases of 10.4% and increased volume of 3.9%, primarily driven by the sale of our fire radio communicators.",
      "source_date": "2026-08-24"
    },
    {
      "type": "labor_costs",
      "statement": "Personnel costs, hiring, commissions, and other administrative expenses increased during fiscal 2026, adding pressure below gross profit.",
      "importance": "medium",
      "evidence": "The increase is primarily due to increases of $767,000 in personnel-related expenses mainly from merit increases and the hiring of additional personnel in the sales and information technology departments, $775,000 in commission payments mainly from the aforementioned increases in equipment revenue",
      "source_date": "2026-08-24"
    },
    {
      "type": "litigation",
      "statement": "NAPCO recognized $16 million of litigation settlement costs net of insurance reimbursements in fiscal 2026.",
      "importance": "medium",
      "evidence": "Litigation settlement costs Litigation settlement costs, net of any insurance reimbursements of $16,000,000 was recognized in fiscal 2026 as a result of the settlement described in Note 14.",
      "source_date": "2026-08-24"
    },
    {
      "type": "tariffs",
      "statement": "Fiscal 2026 equipment gross margin benefited from a refund of tariffs paid in fiscal 2025, while management continues to monitor tariff exposure.",
      "importance": "medium",
      "evidence": "The increase in gross profit percentage from equipment revenue was primarily a result of price increases (inclusive of lower sales discounts and allowance), the impact of the refund of tariffs paid in fiscal 2025 (1.0%), reduced charges related to inventory reserves (0.5%), offset by increased technical services costs (0.5%) as a result of investments in AI automation solutions.",
      "source_date": "2026-08-24"
    }
  ],
  "related_tickers": [
    "NSSC"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}