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Average stock price among 50 public companies in CE Pro Smart Home Stock Index rose 20.1% in 2021, led by big winner Napco Security.

Thanks to recurring service revenues increasing by 43%, Napco exceeded its forecasting earnings for Q4 2021.

After multiple delays and the cancellation of last year’s in-person event, a scaled-down ISC West returned to provide integrators with the latest in security tech news and products.

Napco says its recurring service revenue for the quarter increased 43% to $8.9 million as compared to $6.2 million for the same period last year.

Napco's gross margin for recurring service revenue for the second quarter was 85%, an increase of 4% when compared to the same period last year.