NAPCO Security Technologies Inc (NASDAQ:NSSC) Q1 2025 Earnings Conference Call November 4, 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
Lance Vitanza - TD Cowen
Jeremy Hamblin - Craig Hallum Capital Group
Raj Sharma - B. Riley
Operator
Good morning, ladies and gentlemen, and welcome to the NAPCO Security Technologies Q1 2025 Earnings Conference Call. At this time, all lines are in listen only mode. Following the presentation, we will conduct a question and answer session. [Operator Instructions]. This call is being recorded on Monday, November 4, 2024.
I would now like to turn the conference over to Mr. Francis Okoniewski. Please go ahead.
Francis Okoniewski
Thank you all, and good morning, everyone. My name is Francis Okoniewski, Vice President of Industrial Relations for NAPCO Security Technologies. And we want to thank you all for joining today's conference call to discuss financial results for fiscal first quarter 2025.
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 Invest Relations section of our website, www.napcosecurity.com. On the call today are Dick Soloway, Chairman and 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 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 or SaaS reoccurring 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 were 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.