$NSSC
NAPCO SECURITY TECHNOLOGIES, INC

2024 Q2 Form 10-Q Financial Statement

#000155837024006776 Filed on May 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q4
Revenue $50.33M $49.27M $47.55M
YoY Change 12.7% 13.17% 12.37%
Cost Of Revenue $22.49M $22.78M $22.54M
YoY Change 3.98% 9.21% -1.39%
Gross Profit $27.85M $26.48M $25.01M
YoY Change 20.89% 16.82% 28.52%
Gross Profit Margin 55.32% 53.76% 52.6%
Selling, General & Admin $10.85M $9.233M $8.665M
YoY Change 22.49% 9.59% 11.03%
% of Gross Profit 38.98% 34.86% 34.64%
Research & Development $3.027M $2.757M $2.542M
YoY Change 28.05% 19.14% 14.4%
% of Gross Profit 10.87% 10.41% 10.16%
Depreciation & Amortization $536.0K $454.0K $467.0K
YoY Change 0.75% 19.47% 23.22%
% of Gross Profit 1.92% 1.71% 1.87%
Operating Expenses $13.88M $11.99M $11.21M
YoY Change 23.66% 11.65% 11.78%
Operating Profit $13.96M $14.49M $13.81M
YoY Change 18.25% 21.47% 46.3%
Interest Expense $762.0K $637.0K $729.0K
YoY Change 99.48% 45.77% 289.84%
% of Operating Profit 5.46% 4.39% 5.28%
Other Income/Expense, Net
YoY Change
Pretax Income $14.73M $15.13M $14.53M
YoY Change 20.79% 22.33% 51.03%
Income Tax $1.192M $1.935M $1.924M
% Of Pretax Income 8.09% 12.79% 13.24%
Net Earnings $13.53M $13.20M $12.61M
YoY Change 28.1% 21.73% 49.3%
Net Earnings / Revenue 26.89% 26.78% 26.52%
Basic Earnings Per Share $0.36 $0.34
Diluted Earnings Per Share $0.36 $0.36 $0.34
COMMON SHARES
Basic Shares Outstanding 36.87M 36.78M 36.77M
Diluted Shares Outstanding 37.12M 37.02M

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $97.72M $87.54M $78.97M
YoY Change 46.39% 53.73% 67.65%
Cash & Equivalents $65.34M $55.52M $47.31M
Short-Term Investments $37.78M $37.36M $36.93M
Other Short-Term Assets $4.269M $3.379M $3.526M
YoY Change 25.49% 29.46% 24.73%
Inventory $34.80M $37.01M $39.32M
Prepaid Expenses
Receivables $31.90M $30.27M $27.55M
Other Receivables $73.00K $0.00 $367.0K
Total Short-Term Assets $168.8M $158.2M $149.7M
YoY Change 28.47% 21.09% 25.22%
LONG-TERM ASSETS
Property, Plant & Equipment $9.077M $8.978M $9.071M
YoY Change -2.48% -3.82% 13.61%
Goodwill
YoY Change
Intangibles $3.602M $3.686M $3.771M
YoY Change -8.56% -8.51% -8.45%
Long-Term Investments
YoY Change
Other Assets $286.0K $289.0K $291.0K
YoY Change -8.33% -3.34% -20.05%
Total Long-Term Assets $38.99M $36.59M $36.15M
YoY Change 10.47% 5.64% 3.92%
TOTAL ASSETS
Total Short-Term Assets $168.8M $158.2M $149.7M
Total Long-Term Assets $38.99M $36.59M $36.15M
Total Assets $207.8M $194.8M $185.9M
YoY Change 24.66% 17.85% 20.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.977M $6.913M $8.288M
YoY Change -1.04% -1.31% 2.19%
Accrued Expenses $10.35M $9.737M $9.844M
YoY Change 28.05% 27.31% 36.44%
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 $22.23M $19.95M $21.21M
YoY Change 12.92% 12.17% 17.85%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.634M $6.658M $6.683M
YoY Change -2.43% -2.15% -2.69%
Total Long-Term Liabilities $6.634M $6.658M $6.683M
YoY Change -2.43% -2.15% -2.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.23M $19.95M $21.21M
Total Long-Term Liabilities $6.634M $6.658M $6.683M
Total Liabilities $28.86M $26.61M $27.89M
YoY Change 8.98% 8.21% 12.17%
SHAREHOLDERS EQUITY
Retained Earnings $174.3M $164.5M $154.9M
YoY Change 26.54% 18.65% 21.28%
Common Stock $24.11M $23.25M $22.56M
YoY Change 9.84% 7.57% 6.12%
Preferred Stock
YoY Change
Treasury Stock (at cost) $19.52M $19.52M $19.52M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $178.9M $168.2M $158.0M
YoY Change
Total Liabilities & Shareholders Equity $207.8M $194.8M $185.9M
YoY Change 24.66% 17.85% 20.42%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income $13.53M $13.20M $12.61M
YoY Change 28.1% 21.73% 49.3%
Depreciation, Depletion And Amortization $536.0K $454.0K $467.0K
YoY Change 0.75% 19.47% 23.22%
Cash From Operating Activities $14.34M $12.34M $7.483M
YoY Change 16.7% 8.92% 145.1%
INVESTING ACTIVITIES
Capital Expenditures $551.0K $361.0K $422.0K
YoY Change 32.77% -79.15% -4.95%
Acquisitions
YoY Change
Other Investing Activities -$274.0K -$511.0K -$382.0K
YoY Change -94.66% -94.95% 664.0%
Cash From Investing Activities -$825.0K -$872.0K -$804.0K
YoY Change -85.13% -92.65% 62.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.688M -3.260M -2.943M
YoY Change 60.7% -8910.81%
NET CHANGE
Cash From Operating Activities 14.34M 12.34M 7.483M
Cash From Investing Activities -825.0K -872.0K -804.0K
Cash From Financing Activities -3.688M -3.260M -2.943M
Net Change In Cash 9.823M 8.207M 3.736M
YoY Change 121.24% -1768.09% 45.99%
FREE CASH FLOW
Cash From Operating Activities $14.34M $12.34M $7.483M
Capital Expenditures $551.0K $361.0K $422.0K
Free Cash Flow $13.79M $11.98M $7.061M
YoY Change 16.14% 24.81% 170.64%

Facts In Submission

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us-gaap Net Income Loss
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36284000
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
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1627000
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
1398000
us-gaap Gain Loss On Sale Of Property Plant Equipment
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15000
nssc Interest Income Short Term Investment Other Net
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nssc Interest Income Short Term Investment Other Net
InterestIncomeShortTermInvestmentOtherNet
177000
us-gaap Marketable Securities Unrealized Gain Loss
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52000
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
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us-gaap Provision For Doubtful Accounts
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us-gaap Deferred Income Tax Expense Benefit
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-2331000
us-gaap Deferred Income Tax Expense Benefit
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us-gaap Share Based Compensation
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876000
us-gaap Share Based Compensation
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Inventories
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2388000
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813000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-228000
us-gaap Increase Decrease In Income Taxes Receivable
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us-gaap Increase Decrease In Income Taxes Receivable
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688000
us-gaap Increase Decrease In Other Noncurrent Assets
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-22000
us-gaap Increase Decrease In Other Noncurrent Assets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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354000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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31032000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12416000
us-gaap Payments To Acquire Property Plant And Equipment
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1043000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2547000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
38000
us-gaap Payments To Acquire Marketable Securities
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160000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
110000
us-gaap Payments To Acquire Other Investments
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1123000
us-gaap Payments To Acquire Other Investments
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us-gaap Proceeds From Maturities Prepayments And Calls Of Other Investments
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10091000
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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82000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Interest Paid Net
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IncomeTaxesPaidNet
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us-gaap Income Taxes Paid Net
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us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Nature of Business</span><span style="text-decoration-color:#000000;text-decoration-line:none;">:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">Napco Security Technologies, Inc (“NAPCO”, “the Company”, “we”) is one of the leading manufacturers and designers of high-tech electronic security devices, cellular communication services for intrusion and fire alarm systems as well as a leading provider of school safety solutions. We offer a diversified array of security products, encompassing access control systems, door-locking products, intrusion and fire alarm systems and video surveillance products. These products are used for commercial, residential, institutional, industrial and governmental applications, and are sold worldwide principally to independent distributors, dealers and installers of security equipment. We have experienced significant growth in recent years, primarily driven by fast growing recurring service revenues generated from wireless communication services for intrusion and fire alarm systems, as well as our school security products that are designed to meet the increasing needs to enhance school security as a result of on-campus shooting and violence in the U.S. Our wireless communication services have led to substantial growth in our monthly recurring revenues.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The Company's fiscal year begins on July 1 and ends on June 30. Historically, the end users of the Company’s hardware products want to install these products prior to the summer; therefore, sales of these products historically peak in the period April 1 through June 30, the Company's fiscal fourth quarter, and are reduced in the period July 1 through September 30, the Company's fiscal first quarter. In addition, demand for our products may be affected by the housing and construction markets. Deterioration of the current economic conditions may also affect this trend. The monthly recurring service revenue, which is less susceptible to these fluctuations, allows us to generate a more consistent and predictable stream of income and mitigates the risk of fluctuation in market demand for our equipment products.</p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">Accounting Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with Generally Accepted Accounting Principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent gains and losses at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Critical estimates include management’s judgments associated with reserves for sales returns and allowances, allowance for credit losses, overhead expenses applied to inventory, inventory reserves, valuation of<span style="color:#3daec2;"> </span>intangible assets, share based compensation and income taxes. Actual results could differ from those estimates.</p>
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CY2023Q2 us-gaap Money Market Funds At Carrying Value
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CY2024Q1 us-gaap Money Market Funds At Carrying Value
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CY2024Q1 us-gaap Certificates Of Deposit At Carrying Value
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CY2023Q2 us-gaap Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
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CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2024Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
13848000
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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10162000
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FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
253000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
271000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
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CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
336000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
315000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
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CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
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CY2023 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
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us-gaap Standard Product Warranty Description
StandardProductWarrantyDescription
In measuring revenue and determining the consideration the Company is entitled to as part of a contract with a customer, the Company takes into account the related elements of variable consideration. Such elements of variable consideration include product returns and sales incentives, such as volume rebates and discounts, and early-payment discounts.
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Net Income Loss Available To Common Stockholders Basic
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36284000
us-gaap Net Income Loss Available To Common Stockholders Basic
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16562000
us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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247000
nssc Dilutive Securities Effect On Basic Earnings Per Share Options
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-0.01
us-gaap Net Income Loss Available To Common Stockholders Diluted
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36284000
us-gaap Net Income Loss Available To Common Stockholders Diluted
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16562000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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32000
us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
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160000
us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
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110000
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CY2023Q1 us-gaap Marketable Securities Unrealized Gain Loss
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2023Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2024Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Number Of Operating Segments
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us-gaap Marketable Securities Unrealized Gain Loss
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52000
us-gaap Marketable Securities Unrealized Gain Loss
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CY2024Q1 us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
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us-gaap Number Of Operating Segments
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CY2023Q1 nssc Sales Returns Rebates And Allowances Percentage Of Gross Sales
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nssc Sales Returns Rebates And Allowances Percentage Of Gross Sales
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nssc Sales Returns Rebates And Allowances Percentage Of Gross Sales
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us-gaap Number Of Operating Segments
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CY2024Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
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us-gaap Revenue From Contract With Customer Including Assessed Tax
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us-gaap Revenue From Contract With Customer Including Assessed Tax
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us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
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us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
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us-gaap Depreciation Depletion And Amortization
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41660000
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198000
CY2024Q1 us-gaap Unrecognized Tax Benefits
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59000
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q4 us-gaap Common Stock Dividends Per Share Declared
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CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2024Q1 us-gaap Defined Benefit Plan Contributions By Employer
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CY2023Q1 us-gaap Defined Benefit Plan Contributions By Employer
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us-gaap Defined Benefit Plan Contributions By Employer
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us-gaap Defined Benefit Plan Contributions By Employer
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187000
CY2024Q1 us-gaap Area Of Land
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CY2022Q3 nssc Annual Minimum Rent
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235000
CY2022Q3 nssc Annual Service Charges
AnnualServiceCharges
53000
CY2022Q3 nssc Annual Minimum Rent
AnnualMinimumRent
235000
CY2022Q3 nssc Annual Service Charges
AnnualServiceCharges
105000
CY2022Q3 nssc Service Charges Annual Increase Percentage
ServiceChargesAnnualIncreasePercentage
0.02
CY2022Q3 nssc Operating Lease Asset And Liability Remeasurement Increase Decrease
OperatingLeaseAssetAndLiabilityRemeasurementIncreaseDecrease
-1300000
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
57000
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
85000
us-gaap Operating Lease Payments
OperatingLeasePayments
228000
us-gaap Operating Lease Payments
OperatingLeasePayments
249000
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P68Y
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0625
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
77000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
299000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
282000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
267000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
253000
CY2024Q1 nssc Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
4386000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5564000
CY2024Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
127000
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
123000
us-gaap Operating Lease Expense
OperatingLeaseExpense
380000
us-gaap Operating Lease Expense
OperatingLeaseExpense
334000
CY2024Q1 nssc Number Of Employment Agreement
NumberOfEmploymentAgreement
2
CY2024Q1 nssc Number Of Severance Agreement
NumberOfSeveranceAgreement
1
nssc Commitment Termination Pay
CommitmentTerminationPay
2.99
CY2024Q1 nssc Number Of Months Notice For Non Renewal Employment Agreement
NumberOfMonthsNoticeForNonRenewalEmploymentAgreement
6
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2024Q1 us-gaap Revenues
Revenues
49267000
CY2023Q1 us-gaap Revenues
Revenues
43532000
us-gaap Revenues
Revenues
138490000
us-gaap Revenues
Revenues
125339000
CY2024Q1 us-gaap Assets
Assets
194792000
CY2023Q2 us-gaap Assets
Assets
166654000

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0001558370-24-006776.txt Edgar Link pending
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