NSSCNAPCO SECURITY TECHNOLOGIES, INC
Communications Equipment, NEC
- Revenue
- $202M
- 11% YoY
- Operating margin
- 22.6%
- 11% YoY
- EBITDA
- $48M
- 1.4% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -2.6×
- −$125M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear142% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear93% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $144M | $170M | $189M | $182M | $202M | 11% |
| Operating income | $18M | $30M | $54M | $46M | $46M | 1.3% |
| Net income | $20M | $27M | $50M | $43M | $43M | 0.9% |
| Operating cash flow | $8M | $25M | $45M | $54M | $61M | 14% |
| Capex | $1M | $3M | $2M | $2M | $2M | 9.4% |
| Stock-based comp | $2M | $1M | $2M | $2M | $989K | 35% |
| Buybacks | — | — | — | $37M | — | |
| Dividends | — | $2M | $13M | $14M | $20M | 49% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $1M | $1M | 213 | 181 |
| FY2025 | $2M | $2M | 167 | 140 |
| FY2024 | $2M | $2M | 289 | 122 |
| FY2023 | $1M | $2M | 192 | 95 |
| FY2022 | $2M | $3M | 113 | 76 |