NAPCO Reports Q2 EPS of $(0.05)

NAPCO Security Technologies, Inc., NSSC today announced financial results for its second quarter ended December 31, 2010. Net sales for the second quarter increased 6% to $17,608,000, from $16,641,000 a year ago. For the six months, net sales increased 6% to $32,935,000, from $31,106,000 a year ago. Net income for the second quarter increased $1,069,000 or 117.2% to $157,000 or $0.01 per share as compared to the net loss of ($912,000) and ($0.05) for the same period a year ago. Net income for the six months increased $1,753,000 or 64% to $(977,000) or $(.05) per share as compared to $(2,730,000) and $(.14) for the same period a year ago. Per share results are based on 19,096,000 fully diluted weighted average shares for the three and six months ended December 31, 2010 and 2009.