Napco Security Technologies Inc (NASDAQ:NSSC) Q4 2024 Results Conference Call August 26, 2024 11:00 AM ET

Company Participants

Francis Okoniewski - VP IR
Dick Soloway - Chairman, CEO
Kevin Buchel - President, Chief Operating Officer and Chief Financial Officer

Conference Call Participants

Matt Summerville - D.A. Davidson
Jim Ricchiuti - Needham
Jaeson Schmidt - Lake Street
Jeremy Hamblin - Craig-Hallum Capital
Lance Vitanza - TD Cowen
Raj Sharma - B. Riley

Operator

Good morning, ladies and gentlemen, and welcome to the NAPCO Security Technologies Fiscal Q4 and Fiscal 2024 Earnings Conference Call. [Operator Instructions] This call is being recorded on Monday, August 26, 2024.

I would now like to turn the conference over to Francis Okoniewski, VP, Investor Relations. Please go ahead.

Francis Okoniewski

Thank you, Joan, and good morning, everyone. This is Francis Okoniewski, Vice President of Investor Relations for NAPCO Security Technologies. Thank you all for joining today's conference call to discuss financial results for our fiscal fourth quarter and fiscal year 2024. By now, all of you should have had the opportunity to review our earnings press release discussing our quarterly results. If you have not, a copy of the release is available in the Investor Relations section of our website, www.napcosecurity.com. On the call today are Dick Soloway, Chairman, CEO of NAPCO Security Technologies; and Kevin Buchel, President, Chief Operating Officer and Chief Financial Officer.

Before we begin, let me take a moment to read the forward-looking statements. 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 recurring revenue products to customers and dealers, our ability to control expenses and costs and expected annual run rate for our recurring monthly revenue.

Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contained in 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.