NAPCO SECURITY TECHNOLOGIES, INC. has recently released its 10-K report. The company develops, manufactures and sells electronic security systems for commercial, residential, institutional, industrial and government customers in the U.S. and overseas. Its product line includes access control systems, intrusion and fire alarm systems, door locking devices, video surveillance equipment, school security products and related peripheral equipment sold mainly through independent distributors, dealers and installers.
In Item 7, Management’s Discussion and Analysis, the company says the report contains forward-looking statements that are not based on current or historical facts and may be identified by words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “potential,” “should,” “will” and “would.” Napco says those statements are subject to risks, uncertainties and assumptions that could cause actual results and timing to differ materially from what is described. It also says the statements are based on information available as of the filing date, may be limited or incomplete, and it assumes no obligation to update them. The discussion is meant to be read together with the consolidated financial statements and notes, and the company directs readers to its “Summary of Risks Affecting Our Business” for additional context. As a result of these announcements, the company's shares have moved 0.58% on the market, and are now trading at a price of $38.31. For the full picture, make sure to review NAPCO SECURITY TECHNOLOGIES, INC's 10-K report.
