$NSSC
NAPCO SECURITY TECHNOLOGIES, INC

2019 Q2 Form 10-Q Financial Statement

#000114420419024532 Filed on May 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2019 Q1 2018 Q2
Revenue $29.58M $25.14M $27.26M
YoY Change 8.51% 13.26% 6.14%
Cost Of Revenue $16.65M $14.41M $15.12M
YoY Change 10.12% 8.31% 7.62%
Gross Profit $12.93M $10.73M $12.14M
YoY Change 6.52% 20.66% 4.33%
Gross Profit Margin 43.71% 42.67% 44.53%
Selling, General & Admin $6.310M $5.231M $6.150M
YoY Change 2.6% -1.51% -3.61%
% of Gross Profit 48.8% 48.76% 50.67%
Research & Development $1.850M $1.851M $1.720M
YoY Change 7.56% 10.9% -3.91%
% of Gross Profit 14.31% 17.25% 14.17%
Depreciation & Amortization $380.0K $281.0K $380.0K
YoY Change 0.0% 8.49% 0.0%
% of Gross Profit 2.94% 2.62% 3.13%
Operating Expenses $8.170M $7.082M $7.860M
YoY Change 3.94% 1.46% -3.79%
Operating Profit $4.760M $3.647M $4.277M
YoY Change 11.29% 90.74% 23.54%
Interest Expense $0.00 $5.000K -$10.00K
YoY Change -100.0% -73.68% -50.0%
% of Operating Profit 0.0% 0.14% -0.23%
Other Income/Expense, Net
YoY Change
Pretax Income $4.760M $3.642M $4.260M
YoY Change 11.74% 92.39% 23.84%
Income Tax $40.00K $520.0K $40.00K
% Of Pretax Income 0.84% 14.28% 0.94%
Net Earnings $4.730M $3.122M $3.697M
YoY Change 27.94% 70.69% 14.74%
Net Earnings / Revenue 15.99% 12.42% 13.56%
Basic Earnings Per Share $0.17 $0.20
Diluted Earnings Per Share $255.3K $0.17 $0.20
COMMON SHARES
Basic Shares Outstanding 18.47M 18.49M
Diluted Shares Outstanding 18.53M

Balance Sheet

Concept 2019 Q2 2019 Q1 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.000M $5.500M $5.300M
YoY Change 50.94% 27.91% 51.43%
Cash & Equivalents $8.028M $5.499M $5.308M
Short-Term Investments
Other Short-Term Assets $1.900M $1.900M $1.100M
YoY Change 72.73% 58.33% -15.38%
Inventory $29.60M $28.70M $24.53M
Prepaid Expenses
Receivables $26.00M $22.37M $22.74M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $65.50M $58.46M $53.70M
YoY Change 21.97% 19.3% 4.74%
LONG-TERM ASSETS
Property, Plant & Equipment $7.700M $7.602M $6.791M
YoY Change 13.39% 11.79% 3.79%
Goodwill
YoY Change
Intangibles $7.232M $7.310M $7.545M
YoY Change -4.15% -4.69%
Long-Term Investments
YoY Change
Other Assets $5.500M $267.0K $265.0K
YoY Change 1975.47% -96.07% 119.01%
Total Long-Term Assets $20.40M $21.14M $19.57M
YoY Change 4.26% -0.3% -0.13%
TOTAL ASSETS
Total Short-Term Assets $65.50M $58.46M $53.70M
Total Long-Term Assets $20.40M $21.14M $19.57M
Total Assets $85.90M $79.60M $73.27M
YoY Change 17.24% 13.38% 3.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.100M $4.856M $4.807M
YoY Change 6.1% 15.62% -14.97%
Accrued Expenses $8.700M $5.298M $2.112M
YoY Change 311.93% 43.19% -4.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $14.40M $12.77M $9.402M
YoY Change 53.16% 50.28% -10.23%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $300.0K $400.0K $400.0K
YoY Change -25.0%
Total Long-Term Liabilities $300.0K $400.0K $0.00
YoY Change -80.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.40M $12.77M $9.402M
Total Long-Term Liabilities $300.0K $400.0K $0.00
Total Liabilities $14.70M $13.19M $9.816M
YoY Change 49.76% 25.6% -29.75%
SHAREHOLDERS EQUITY
Retained Earnings $66.20M $59.42M
YoY Change 14.77%
Common Stock $17.28M $17.10M
YoY Change 1.5%
Preferred Stock
YoY Change
Treasury Stock (at cost) $17.07M $13.07M
YoY Change 11.4%
Treasury Stock Shares $2.749M $2.475M
Shareholders Equity $70.54M $66.41M $63.45M
YoY Change
Total Liabilities & Shareholders Equity $85.90M $79.60M $73.27M
YoY Change 17.24% 13.38% 3.4%

Cashflow Statement

Concept 2019 Q2 2019 Q1 2018 Q2
OPERATING ACTIVITIES
Net Income $4.730M $3.122M $3.697M
YoY Change 27.94% 70.69% 14.74%
Depreciation, Depletion And Amortization $380.0K $281.0K $380.0K
YoY Change 0.0% 8.49% 0.0%
Cash From Operating Activities $2.890M -$590.0K $3.180M
YoY Change -9.12% -131.55% 117.81%
INVESTING ACTIVITIES
Capital Expenditures -$390.0K -$480.0K -$260.0K
YoY Change 50.0% 29.73% -10.34%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$390.0K -$480.0K -$260.0K
YoY Change 50.0% 29.73% -10.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 20.00K -1.360M -1.950M
YoY Change -101.03% 23.64% 1292.86%
NET CHANGE
Cash From Operating Activities 2.890M -590.0K 3.180M
Cash From Investing Activities -390.0K -480.0K -260.0K
Cash From Financing Activities 20.00K -1.360M -1.950M
Net Change In Cash 2.520M -2.430M 970.0K
YoY Change 159.79% -707.5% -5.83%
FREE CASH FLOW
Cash From Operating Activities $2.890M -$590.0K $3.180M
Capital Expenditures -$390.0K -$480.0K -$260.0K
Free Cash Flow $3.280M -$110.0K $3.440M
YoY Change -4.65% -104.91% 96.57%

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us-gaap Advertising Cost Policy Expensed Advertising Cost
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NAPCO SECURITY TECHNOLOGIES, INC
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