Napco Security Technologies, Inc. (NASDAQ:NSSC) Q1 2023 Earnings Conference Call November 7, 2022 11:00 AM ET
Company Participants
Patrick McKillop - Vice President, Investor Relations
Richard Soloway - President and Chief Executive Officer
Kevin Buchel - Executive Vice President and Chief Financial Officer
Conference Call Participants
Mike Walkley - Canaccord Genuity
Jim Ricchiuti - Needham & Company
Jaeson Schmidt - Lake Street
Brain Ruttenbur - Imperial Capital
Raj Sharma - B. Riley
Operator
Greetings and welcome to the Napco Security Technologies Fiscal First Quarter 2023 Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note, this conference is being recorded.
I would now turn the conference over to your host, Patrick McKillop, Vice President of Investor Relations. Thank you. You may begin.
Patrick McKillop
Thank you. Good morning. My name is Patrick McKillop, Vice President of Investor Relations for Napco Security. Thank you for joining us for today's conference call to discuss our financial results for our fiscal first quarter 2023. By now, all of you should have had the opportunity to review the press release discussing the results. If you have not, a copy of the release is available on the Investor Relations section of our website, www.napcosecurity.com.
On the call today is Richard Soloway, President and CEO of Napco Security Technologies; and Kevin Buchel, Executive Vice President and CFO. Before we begin, let me take a moment to read the forward-looking statements. This presentation contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management's judgment, beliefs, current trends, and anticipated product performance.
These forward-looking statements include, without limitation, statements relating to growth drivers of the company's business, such as school security products and recurring revenue services, potential market opportunities, the benefits of our recurring revenue products to customers and dealers, our ability to control expenses and costs and expected annual run rate for SaaS recurring monthly revenue.
Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. These factors include, but are not limited to, such risk factors described in our SEC filings, including our annual report on Form 10-K. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect, could cause actual results to differ materially from those in the forward-looking statements.