Boosted by Wireless, Amityville-Based Napco Turns a Profit

Summary


NAPCO Security Technologies swung to a $1.4 million fourth quarter profit from a $1.9 million loss a year ago by cutting costs and rolling out wireless systems, even though net sales remained relatively flat at $20.7 million.

The Amityville-based electronic security equipment marketer said it boosted earnings by increasing gross profit to $6.5 million from $3 million.

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Extract


Boosted by Wireless, Amityville-Based Napco Turns a Profit

The firm reduced selling, general and administrative expenses to...

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