Napco Security Technologies, Inc. (NASDAQ:NSSC) Q1 2024 Earnings Conference Call November 6, 2023 11:00 AM ET
Company Participants
Fran Okoniewski - Vice President, Investor Relations
Richard Soloway - President and Chief Executive Officer
Kevin Buchel - Executive Vice President and Chief Financial Officer
Conference Call Participants
Matt Pfau - William Blair
Jim Ricchiuti - Needham & Company
Jaeson Schmidt - Lake Street Capital
Raj Sharma - B. Riley Securities
Operator
Welcome to the Napco Security Technologies Fiscal Q1 2024 Earnings Call. Our host for today’s call is Fran Okoniewski, Vice President of Investor Relations. [Operator Instructions] I would now like to turn the call over to your host. Fran, you may begin.
Fran Okoniewski
Thank you, Ross and good morning everyone. My name is Fran Okoniewski, Vice President of Investor Relations for Napco Security Technologies. Thank you all for joining us for today’s conference call to discuss our financial results for our fiscal first quarter 2024. By now, all of you should have had the opportunity to review our earnings press release discussing the results of our quarter. If you have not, a copy of the release is available in the Investor Relations section of our website, napcosecurity.com.
On the call today are Richard Soloway, our President and Chief Executive Officer of Napco Security Technologies and Kevin Buchel, our Executive Vice President and Chief Financial Officer.
Before we begin, let me take a moment to read the forward-looking statement as 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, reoccurring revenue services, potential market opportunities, the benefits of our reoccurring revenue products to customers and dealers, our ability to control expenses and costs and expected annual run-rate for software-as-a-service 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.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. You should not place undue reliance on these forward-looking statements. All information provided in today’s press release and this conference call is as of today’s date, unless otherwise stated and we undertake no duty to update such information, except as required under applicable law.