Napco Security Technology reports loss for quarter

Napco Security Technologies Inc.,Amityville

Door locks and access technology

Quarter:Ended March 31

Net income: Loss of $1.8 million, compared with loss of $5 million in same quarter last year.

Net sales: $16 million compared with $14 million in the same quarter last year.

Outlook: Chairman and president Richard Soloway said steady sales, expense reductions, a high backlog level of $2.9 million, and the continued transfer of Marks product manufacturing to the company's Dominican Republic plant put Napco "in a position for improved profitability when economic conditions improve and are reflected in our sales levels."

Company statement: "As crime, terrorism and other violence issues remain a major public concern, our unique products should continue to gain support through our large security dealer network," Soloway said.

STOCK PRICE: Closed Tuesday at $2.13, down 8 cents a share.