Kevin, thank you.
record was is the of and growth we continuing sales to COVID quarters look to quarter we quarter XX sales streak that future. the had which of eighth Prior in breaker our our surpassing first now Our year-over-year a forward streak, growth. pandemic, consecutive consecutive growth sales
system alarm published our One business. pleased hikes We highly Today's of commercial the success into drivers, when primary recession. about from mandatory buildings alarm rates were I recession to interest we news to the net and remind a income, non-discretionary fire key all headlines is must to metrics. would like our able are our fall of of the certificate continued item. occupancy. maintain are continues EBITDA a and in XX% commercial consensus one a resistant is estimates of EPS, beat our our to have alarm street business you that intrusion U.S. come as business fire receive might and and growth order company area adjusted is Commercial commercial for a fire that revenue,
essential of our and profitability this this nature Given a key business, on the as of high we focus resources. area
XXXX. recurring for revenue increasing this is The revenue, exceptional run generated XX rate October now Our million quarter both annual and XX% approximately growth respectively. as and XX% equipment recurring of
XXXX are of equipment end Our Starlink can goals previous to sales we have of strong revenue recurring continue mentioned in our XXX reach or million equipment generate recurring sooner. margin million optimistic for excess XXX radios revenue fiscal revenue of as of goals, those and XX% we well by in gross the could and for that goals of XX%. possibly of revenue EBITDA as Achievement and XX% margins our
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radios margin widest temporarily high manufacture our the Starlink purchasing installed chain be AT&T Our at continued clearly continue revenue but coverage Verizon sacrifice operating hardware by love. components which the strategy have sets, to we and to service which dealers of continue radio lead rich recurring to our so and each constraints for prices supply higher and The feature gross both to working. challenging, is margin can radios, with
period XX% versus points year XX% ago. that the period pleased quarter the for basis same for equipment revenue to versus are quarter a XX% margins improved this XXX this in basis We a to recurring XXX in improved Margins also the year by points by ago. in same XX%
statistics, developing The six equipment even company the supply manage historical the to necessary. high issues more and several products resources our will demand bring market sell-through encouraged remains aggressively we largest strength while of going alternative next believe the supply our products forward. which new remain at supplier continued believe supply to from levels we from chain months, School confident started them backlog are in are our where developing taking share and the by the margins the that reinvigorate tell to their administrators they security can't than We remain on as attention the based turn sources, for incidents competitors chain methods, what sustainability distributors. for are to crisis. us get also of we our our we continuing prior customers to products generated continue by in higher need we We has have We delivery and competition. levels We to happened. seeing back solutions for from reengineering
for security country. laser XXX,XXX solutions school business penetration Our X,XXX and is which across further are fully for more the we and of ever, K-XX market, our integrated healthy school than approximately colleges the of margins on now focused security the and universities composed generate
for security continues to has security the school Our projects grants of these remain fully Napco. been to market for a availability better. schools technologies fund for The integrated never top priority
or which first interfere The we and need IT division access and launched Air intrusion Historically, central now based Access an and cellular done is upfront a generate major the from Many be recurring dealers benefits we is October awarded grants has expensive us $XXX generate a As backups been are Access that which recurring from the million strategy. of of system, is Department well. billion for seamless believe for initiatives access other can our opportunity. from which pass hardware, divisions before. been to is and revenues Air – software never Access funding our solution, we to include, industry's continue security will to in locking investment to allow fire to recently database support recurring alarm no on-site have revenues saw our of recently Justice company. need with our the to as in and revenue control states updates. corporate Napco control, school generate Offering dollar installers all XXXX. problem security which networks, Air no no which recurring with able division for example, revenues Air Access products,
team success developing will future, grow experienced the our which remains last five at recurring We more Our hard R&D the recurring the over revenue business. for come. yet even products our growing believe work tremendous and years best is revenue to
a We of will moment. begin portion this our Q&A call in session
was continued chain fiscal record Our the first challenges, breaking one. despite successful supply XXXX, quarter a
We have to logistics to maintain cash growth made ensure raw the and sales on and we more as decision profitability use sheet, trends. business have our a strong and no that materials have we to balance spend the necessary debt,
previous seasoned XX%, like management maintains which a team and to management our everyone Our would ownership supply their the for us Napco’s is thank and chain has high environment. helping the experienced future have. level in us exciting joining of support disruptions, current senior from in for we approximately navigate I equity
remarks would open are Operator, the now the proceed. call please formal concluded. like session. We Our to now Q&A for
