Napco Security Systems Inc. (NSSC, Financial) filed Annual Report for the period ended 2011-06-30.
Napco Security Technologies Inc. has a market cap of $45.8 million; its shares were traded at around $2.4 with a P/E ratio of 34.3 and P/S ratio of 0.7.
The Company's business involves a high technology element. During the fiscal years ended June 30, 2011 and 2010, the Company expended approximately $4,392,000 and $4,922,000, respectively, on Company-sponsored research and development activities conducted by its engineering department to develop and improve the Products. The Company intends to continue to conduct a significant portion of its future research and development activities internally.
In general, orders for the Products are processed by the Company from inventory. A sales backlog of approximately $2,002,000 and $2,236,000 existed as of June 30, 2011 and 2010, respectively. The Company expects to fill all of the backlog that existed as of June 30, 2011 during fiscal 2012.
(2) Consists primarily of inventories (2011 = $9,955,000; 2010 = $13,896,000) and fixed assets (2011 = $4,189,000; 2010 = $4,246,000) located at the Company's principal manufacturing facility in the Dominican Republic.
The industry in which the Company operates is characterized by constantly improved products. Future success will depend, in part, on our ability to continue to develop and market products and product enhancements cost-effectively, which will require continued expenditures for product engineering, sales and marketing. The Company's research and development expenditures, which were $4,392,000 and $4,922,000 for 2011 and 2010, respectively, are principally targeted at enhancing existing products, and to a lesser extent at developing new ones. If the Company cannot modify its products to meet its customers' changing needs, we may lose sales.
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Napco Security Technologies Inc. has a market cap of $45.8 million; its shares were traded at around $2.4 with a P/E ratio of 34.3 and P/S ratio of 0.7.
Highlight of Business Operations:
On August 18, 2008, the Company, through the formation of a new subsidiary, Marks USA I, LLC (“Marks”), acquired substantially all of the assets and business of G. Marks Hardware, Inc. for $25.2 million, the repayment of $1 million of bank debt and the assumption of certain current liabilities. In August 2009, the Company completed the move of all operations of Marks to its Dominican plant and into the Company s corporate headquarters in Amityville. The Marks business involves the manufacturing and distribution of door-locking devices.The Company's business involves a high technology element. During the fiscal years ended June 30, 2011 and 2010, the Company expended approximately $4,392,000 and $4,922,000, respectively, on Company-sponsored research and development activities conducted by its engineering department to develop and improve the Products. The Company intends to continue to conduct a significant portion of its future research and development activities internally.
In general, orders for the Products are processed by the Company from inventory. A sales backlog of approximately $2,002,000 and $2,236,000 existed as of June 30, 2011 and 2010, respectively. The Company expects to fill all of the backlog that existed as of June 30, 2011 during fiscal 2012.
(2) Consists primarily of inventories (2011 = $9,955,000; 2010 = $13,896,000) and fixed assets (2011 = $4,189,000; 2010 = $4,246,000) located at the Company's principal manufacturing facility in the Dominican Republic.
The industry in which the Company operates is characterized by constantly improved products. Future success will depend, in part, on our ability to continue to develop and market products and product enhancements cost-effectively, which will require continued expenditures for product engineering, sales and marketing. The Company's research and development expenditures, which were $4,392,000 and $4,922,000 for 2011 and 2010, respectively, are principally targeted at enhancing existing products, and to a lesser extent at developing new ones. If the Company cannot modify its products to meet its customers' changing needs, we may lose sales.
Read the The complete Report
