NAPCO SECURITY TECHNOLOGIES, INC
For the period ended Sep 30, 2025. Filed Nov 3, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 3, 2025
NSSC$31.34-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(unaudited)
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · · Three Months ended September 30, · | |||||||
| · 2025 · 2024 | |||||||
| · · (in thousands) · | |||||||
| Cash Flows from Operating Activities · · · · | |||||||
| Net income | | $12,165 | | $11,185 | | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | |||
| Depreciation and amortization | | 570 | | 549 | | ||
| Change in accrued interest on other investments | | | — | | | (193) | |
| Unrealized gain on marketable securities | | | — | | | (157) | |
| Realized gain on sales of marketable securities | | | (92) | | | — | |
| Recovery of credit losses | | (1) | | (9) | | ||
| Change to inventory reserve | | (354) | | (235) | | ||
| Deferred income taxes | | 1,681 | | (749) | | ||
| Stock-based compensation expense | | 309 | | 371 | | ||
| Changes in operating assets and liabilities: | | | | ||||
| Accounts receivable | | (561) | | 3,671 | | ||
| Inventories | | (177) | | (30) | | ||
| Prepaid expenses and other current assets | | (305) | | (197) | | ||
| Income tax receivable | | | (1,993) | | | (71) | |
| Other assets | | 4 | | 3 | | ||
| Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes | | 391 | | (2,113) | | ||
| Net Cash Provided by Operating Activities | | 11,637 | | 12,025 | | ||
| Cash Flows from Investing Activities | | | | ||||
| Purchases of property, plant, and equipment | | (193) | | (680) | | ||
| Purchases of marketable securities | | | (2,540) | | | (111) | |
| Proceeds from sales of marketable securities | | | 8,407 | | | — | |
| Purchases of other investments | | | — | | | (46) | |
| Redemption of other investments | | | — | | | 16,293 | |
| Net Cash Provided by Investing Activities | | 5,674 | | 15,456 | | ||
| Cash Flows from Financing Activates | | | | ||||
| Proceeds from stock option exercises | | — | | 54 | | ||
| Dividends paid | | (4,992) | | — | | ||
| Repurchase of common stock | | | — | | | (7,280) | |
| Net Cash Used in Financing Activities | | (4,992) | | (7,226) | | ||
| | | | | | | | |
| Net increase in Cash and Cash Equivalents | | 12,319 | | 20,255 | | ||
| Cash and Cash Equivalents - Beginning | | 83,081 | | 65,341 | | ||
| Cash and Cash Equivalents - Ending | | $95,400 | | $85,596 | | ||
| Supplemental Cash Flow Information | | | | ||||
| Interest paid | | $— | | $8 | | ||
| Income taxes paid | | $3,104 | | $2,620 | | ||
| Non-Cash Investing and Financing Transactions | | | | | |||
| Dividends declared and not paid | | $4,992 | | $4,610 | | ||
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