Company: NSSC
Filing Date: 2025-02-03
Form Type: 10-Q
Source: 0001558370-25-000601
Chunk: 8

Company: NAPCO SECURITY TECHNOLOGIES, INC
Filing Date: 2025-02-03
Form: 10-Q
Item: Part I, Item 1F
Chunk 8
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Item 1.  Financial Statements

NAPCO SECURITY TECHNOLOGIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

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​​​​​​​​​​​​​​​​    December 31, 2024    June 30, 2024    ​​(in thousands, except share data)​CURRENT ASSETS​​   ​  ​Cash and cash equivalents​$ 86,019​$ 65,341​Investments - other​​ —​​ 26,980​Marketable securities​​ 13,176​​ 5,398​Accounts receivable, net of allowance for credit losses of $20 and $32 as of December 31, 2024 and June 30, 2024, respectively​  23,456​  31,898​Inventories​  37,634​  34,804​Income tax receivable​​ 1,195​​ 73​Prepaid expenses and other current assets​  3,252​  4,269​Total Current Assets​  164,732​  168,763​Inventories - non-current​  12,040​  15,109​Property, plant and equipment, net​  9,915​  9,077​Intangible assets, net​  3,445​  3,602​Deferred income taxes​​ 7,012​​ 5,428​Operating lease - Right-of-use asset​​ 5,335​​ 5,487​Other assets​  205​  286​TOTAL ASSETS​$ 202,684​$ 207,752​​​​​​​​​CURRENT LIABILITIES​​   ​  ​Accounts payable​$ 4,551​$ 7,977​Accrued expenses​  8,680​  10,345​Accrued salaries and wages​  4,032​  3,907​Dividend payable​​ 4,554​​ —​Total Current Liabilities​  21,817​  22,229​Accrued income taxes​  1,223​  1,122​Operating lease liability​​ 5,417​​ 5,512​TOTAL LIABILITIES​  28,457​  28,863​COMMITMENTS AND CONTING