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5/4/2026
Good morning, ladies and gentlemen, and welcome to the NAPO Security Technologies Fiscal Q3 2026 Earnings Conference Call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during the call you require immediate assistance, please press star 0 for the operator. This call is being recorded on Monday, May 4, 2026. I would now like to turn the conference over to Francis Okuneski, Vice President of Investor Relations. Please go ahead.
Thank you, Matthew, and good morning, everyone. This is Fran Okuneski, Vice President of Investor Relations for NAPCO Security Technologies. Thank you all for joining today's conference call to discuss financial results for fiscal third quarter 2026. By now, all of you should have had the opportunity to review our earnings press release discussing our quarterly results. If you have not, a copy of the release is available in the Investor Relations section of our website, www.napcosecurity.com. On the call today are Dick Soloway, our Chairman and CEO of NAPCO Security Technologies, Kevin Buchel, President and Chief Operating Officer, and Chief Financial Officer Andrew Vono. Before we begin, let me take a moment to read the forward-looking statement, as this presentation contains forward-looking statements that are based on current expectations, estimates, forecasts, and projections of future performance based on management's judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, without limitation, statements relating to growth drivers of the company's business, such as school security products, reoccurring revenue services, potential market opportunities, the benefits of our reoccurring revenue products to customers and dealers, our ability to control expenses and costs, and expected annual run rate for our Software as a Service reoccurring monthly revenue. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. These factors include, but are not limited to, such risk factors described in our SEC filings, including our annual report on Form 10-K. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in today's press release and this conference call are as of today's date unless otherwise stated, and we undertake no duty to update such information except as required under applicable law. Throughout the presentation, management will address certain non-GAAP financial results. we encourage you to refer to our reconciliation between GAAP and non-GAAP results, which you can find in our press release. I'll turn the call over to Dick in a moment, but I'd first like to highlight our upcoming investor relations engagement plans. We're actively building out our investor relations calendar with a series of non-deal roadshows and conference appearances. Investor outreach remains a top priority for NAPCO, And I want to thank everyone who helps support these efforts. We're looking ahead to a full and dynamic schedule this quarter. Later this week, we'll participate in Oppenheimer's 21st Annual Industrial Growth Conference, followed by a virtual non-deal roadshow with KeyBank on Thursday, May 7th. On May 13th, we'll be in New York City for Needham's 21st Annual Technology Media and Consumer Conference, And later in May, we'll attend Cowen's 54th Annual Global TMT Conference, also in New York. In June, we'll participate in Robert W. Baird's 2026 Consumer Technology and Services Conference in New York City. We'll wrap up this stretch at the Wells Fargo Industrials and Materials Conference in Chicago on June 11th. These events provide valuable opportunities to share our story, strengthen our relationships with the investment community, and continue building momentum around our strategy and performance. With that out of the way, let me turn the call over to Dick Soloway, Chairman and CEO of NAPCO Security Technologies, who will make a brief introductory comment, after which our President and COO, Kevin Buchel, will make a comment on some operational and financial performance highlights. Following Kevin's remarks, our CFO, Andrew Vono, will go through the financials in more detail, and then Kevin will return to delve deeper into NAPCO's strategies and market outlook. Dick, the floor is yours.
Good morning, everyone. Thank you for joining. Kevin Bichelle will take you through the highlights of Fiscal Q3. Kevin, the floor is yours.
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