NAPCO Security Non-GAAP EPS of $0.28 beats by $0.13, revenue of $42.3M beats by $3.16M

• NAPCO Security press release (NASDAQ:NSSC): Q2 Non-GAAP EPS of $0.28 beats by $0.13.
• Revenue of $42.3M (+26.6% Y/Y) beats by $3.16M.
• Adjusted EBITDA for the quarter was a quarterly record $10.3M as compared to $3.1M for the same period a year ago, a 232% increase.
• Cash and cash equivalents, other investments and marketable securities were $47.1M at December 31, 2022 as compared to $46.8M at June 30, 2022, a 1% increase. The Company had no debt as of December 31, 2022.

Comments

[Dow500k]

Another beat as per usual. This a top notch business. No clue why it is not covered more..

[Heavy Moat Investments]

@Dow500k I agree, I have recently started to cover it and have purchased shortly after starting my coverage. I will write an update about the earnings when I find the time (hopefully this week).