Napco says equipment sales have dipped due to the coronavirus, which was the principal reason for the company's decline in total revenue.

While sales were down, Napco reported recurring service revenue in Q4 increased 35% to $6.7 million as compared to $5 million for the same period last year.

Streamlining the sales and install processes for integrators, Napco’s new iSecure Cellular Alarm line of security systems provides the market with a choice of inclusive security solutions. Napco explains that with today’s consumers search

The company set a third quarter fiscal record with a 16% increase in net income and a 7% increase in net sales.

Napco says its net sales rose 4% in Q2 and the company increased its recurring service revenue by 44%.

50 public companies engaged in the smart home industry average a stock price increase of 29% in 2019. UEI, Napco Security are biggest winners.