NAPCO Security Exceeds Q4 Earnings and Revenue Estimates
Recurring service revenue for the quarter increased 43% to $9.5 million as compared to $6.7 million for the same period last year.
Recurring service revenue for the quarter increased 43% to $9.5 million as compared to $6.7 million for the same period last year.
Fully scalable for a few doors to hundreds, AirAccess includes a mobile app with built-in credential and control plus SMS notifications.
NAPCO says the AirAccess Cloud-based access control solution, Lectra Locks and E-Access products can drive recurring revenue and equipment sales.
The all-new portrait-style, Gemini Commercial App is said to provide smart, multitier controls for business accounts of all sizes.
AirAccess teams Napco’s access knowhow with its most popular security technologies.
Recurring service revenue for the quarter increased 43% to $8.9 million as compared to $6.2 million for the same period last year.
The portal offers free customizable mailers/statement stuffers and much more that installing security contractors can download and print out.
Lowenstein will be responsible for driving sales in the Alarm Lock division and overseeing its team of regional sales managers and independent reps.
Gross margin for recurring service revenue for the second quarter was 85% as compared to 81% for the same period last year.
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Take a closer look at all the recurring monthly revenue trends from our 2021 research
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