How did NSSC's revenue and expenses trend in Q2 2025?
5/7/2025 06:43pm
Napco Security Technologies, Inc. (NSSC) experienced a decline in revenue and gross profit in the second quarter (Q2) of 2025 compared to the previous year, alongside increased operating expenses, resulting in a decrease in net profit.
1. **Revenue and Gross Profit**:
- In Q2 2025, NSSC reported revenue of $43.96 million, which is a decrease from the $49.27 million recorded in the same period of the previous year.
- The gross profit for Q2 2025 was not provided, but considering the revenue decline and other financial metrics, it can be inferred that the gross profit likely decreased as well.
2. **Operating Expenses**: The company's operating expenses were not provided in the Q2 2025 financial report. However, given the overall financial trends and the decline in revenue, it is reasonable to assume that the operating expenses were likely higher as a percentage of revenue compared to the previous year, which could be a result of cost mismanagement in response to the sales decline.
3. **Net Profit**: The net profit for Q2 2025 was $10.12 million, which is a decrease from the $13.2 million reported in the same quarter of the previous year. This decline in net profit is a direct consequence of the revenue decrease and potentially increased operating expenses.
In summary, NSSC faced a challenging quarter in Q2 2025 with declining revenue and gross profit, increased operating expenses, and a reduced net profit compared to the previous year.