Napco Security Technologies, Inc. (NASDAQ:NSSC) Q1 2020 Earnings Conference Call - Final Transcript

Nov 04, 2019 • 11:00 am ET


Napco Security Technologies, Inc. (NASDAQ:NSSC) Q1 2020 Earnings Conference Call - Final Transcript


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Greetings, welcome to the NAPCO Security Technologies, Inc. Fiscal First Quarter 2020 Earnings Release Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation.

[Operator Instructions]

Please note that this conference is being recorded. I will now turn the conference over to your host, Patrick McKillop, Director of Investor Relations, you may begin.

Patrick McKillop

Good morning, my name is Patrick McKillop. I'm the Director of Investor Relations for NAPCO Security. Thank you all for joining us on today's conference call to discuss our financial results for our fiscal first quarter 2020. By now, all of you should have had the opportunity to review the press release discussing the results. If you have not, a copy of the release is available on the Investor Relations section of our website, On the call today is Richard Soloway, President and CEO of NAPCO Security Technologies; and Kevin Buchel, Senior Vice President and CFO.

Before we begin, let me take a moment to read the forward-looking statements. This conference call may contain forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements may differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company's filings with the SEC.

During the call, we may also present certain non-GAAP financial measures such as adjusted EBITDA and certain ratios that are used with these measures. In the press release and on the financial tables issued earlier today, you'll find a definition of these non-GAAP financial measures. A reconciliation of these non-GAAP financial measures with the closest GAAP financial measure, as well as a discussion about why we think these non-GAAP financial measures, are relevant to our results. These financial measures are included for the benefit of investors and should not be considered instead of GAAP measures.

I will turn the call over to Dick in a moment, but before I do I just wanted to mention a few things on the IR front. In terms of upcoming investor outreach, we will be marketing in Montreal in November 7, St. Louis on November 14, San Francisco and Portland on November 20 and 21. Also on November 20 and 21, we will be showcasing our product at the ISC East Trade Show in New York. If you would like to attend, please contact me for an invite. During the month of December, we will be attending the Benchmark Conference and the Raymond James Technology Conference. Investor outreach is crucial, especially for a small-cap company such as NAPCO. Now, I would like to thank all of those folks that assist us in these conferences and marketing trips.

With that out of the way, let me turn the call over to Richard Soloway, President and CEO of NAPCO Security Technologies. Dick, the floor is yours.

Richard L. Soloway

Thank you, Patrick. Good morning everyone, welcome to our conference call. Thank you for joining us today to discuss our results.

The fiscal