> [Portrait Research index](https://portraitresearch.com/llms.txt) [Canonical page](https://portraitresearch.com/screening/) Screening # Your next idea, in focus. Combine financial filters with qualitative questions to find companies that fit your criteria—and inspect the evidence behind each match. [Request free trial](https://portraitresearch.com/request-trial/) [Book a demo](https://portraitresearch.com/demo/) An illustrative Screening workflow: describe a company universe, review and accept quantitative and qualitative filters, run the screen, and open Why it matched. Selected historical examples; playback is accelerated. Execution counts illustrate the filtering sequence and are not measured universe totals. ## Discover companies worth a closer look. Connect the numbers you require with the business developments you want to find. ## A screen shaped by your investment thinking. Describe the companies you want to find. Review, refine and combine the proposed filters before running your screen. ## The numbers. And the story behind them. Combine geography, industry and financial metrics with qualitative conditions to find developments that ratios alone would miss. ## Understand why each company matched. Review each company against your filters, read the qualitative reasoning and follow the supporting sources. **NAPCO Security Technologies, Inc.**NSSC.US Qualitative The company’s FY2024 release reports recurring service revenue of $75.7M against $59.9M in FY2023. The reported 26% increase clears the screen’s 20% threshold using the same revenue category across two completed fiscal years. The qualifying evidence is the recurring service stream, rather than growth in total sales or a forecast of future subscriptions. The separately disclosed $84M annual run rate extrapolates July 2024 revenue. It is excluded from this comparison: an annualized month cannot replace a reported fiscal year or establish that the growth rate will persist. **Sources** Qualitative NAPCO supplies intrusion and fire-alarm communicators that connect installed security systems to monitoring services. That equipment supports an ongoing cellular communication service, creating recurring revenue alongside the initial hardware sale. The disclosed service revenue provides evidence of an operating revenue stream tied to installed equipment, rather than a subscription opportunity inferred from product descriptions alone. This satisfies the business-model condition. It does not establish customer retention, contract duration, or pricing power; those require separate evidence before assessing the durability of the revenue. **NAPCO · Fiscal 2024 results** Company release · Aug 26, 2024 **Recurring service revenue** FY2023 : $59.9M FY2024 : $75.7M Reported growth : 26% The $84M annual run rate uses July 2024 revenue. The screen uses the $75.7M actually reported for the year ended June 30, 2024. These figures measure different periods and must not be combined. [Open original source ↗](https://investor.napcosecurity.com/2024-08-26-NAPCO-Reports-Record-Revenues,-Net-Income-and-Adjusted-EBITDA-for-Fiscal-2024) ## Keep your opportunity set current. Schedule daily or weekly runs. Keep each run’s filters and results, and receive an email when it finishes. Example schedule. Changes stay in this illustration. | Name | Automatic runs | Email alerts | Access | Actions | | --- | --- | --- | --- | --- | | Connected security businesses | | | 2 | ⋯ | | Sep 3Scheduled run tomorrow Sep 2Run 2024-09-02 09:00 3 companies Sep 1Run 2024-09-01 09:00 3 companies Aug 31Run 2024-08-31 09:00 2 companies | | | | | | Testing and inspection services | Weekly on Monday at 9:00 AM | | 2 | ⋯ | | Industrial aftermarket suppliers | Daily at 9:00 AM | | — | ⋯ | | Founder-led software businesses | Off | | — | ⋯ | | Specialty insurance businesses | Weekly on Friday at 9:00 AM | | 2 | ⋯ | Frequency Day Time GMT+1 ## Find a match. Test the investment case. A match is the start of the research. Open Easel with the company in context, test what the evidence supports, and work through the questions that matter next. Illustrative historical workflow: open AAON from Screening, continue with a prepared question about the durability of BASX cooling demand, and read an analysis with cited sources. The company name stays above the user’s message. Authored example using disclosures available by June 30, 2025; playback is accelerated. Question about**AAON, Inc.** I have a question about AAON, Inc.: As of June 30, 2025, does BASX’s cooling order book support a durable growth business? Separate orders from revenue, assess customer concentration and execution risk, and tell me what evidence would change the view. Working **The evidence supports demand for BASX cooling equipment. It does not, on its own, establish durable earnings.** ### An award is a demand signal, not recognized revenue. AAON disclosed approximately $174.5M of awards from one data center customer in October 2024. Most production and delivery was expected in H1 2025. That timetable is not confirmation of shipment or revenue recognition. [1](https://www.aaon.com/news/aaon-awarded-liquid-cooling-data-center-orders-totaling-approximately-174.5-million) ### Read the brand across both reporting segments. BASX-branded Q1 2025 sales were $132.6M, versus $27.9M a year earlier, across BASX and AAON Coil Products. That is operating evidence, but cannot be attributed to the $174.5M award. The $623.0M backlog is a separate snapshot, not additional sales. [2](https://www.sec.gov/Archives/edgar/data/824142/000082414225000120/aaon-20250331.htm) ### What would change the view Look for repeat orders from additional customers, order conversion, and margins and cash generation as capacity ramps. Delays, weaker cash conversion, or continued dependence on isolated large awards would weaken the durability case. One disclosed customer does not establish the concentration of the whole business. The research question is now whether awarded demand converts into repeatable, profitable deliveries. The order announcement and backlog figure cannot settle that question alone. [1AAON awarded approximately $174.5M in liquid cooling orders](https://www.aaon.com/news/aaon-awarded-liquid-cooling-data-center-orders-totaling-approximately-174.5-million) [2AAON Q1 2025 · Product brands and backlog](https://www.sec.gov/Archives/edgar/data/824142/000082414225000120/aaon-20250331.htm) ![](https://portraitresearch.com/static/easel-film/assets/mouse-pointer-2.97d1ddff7d8a.svg) ## Use Screening in your research Follow the documented workflow and check its source and access requirements. - [Build a screen with AI](https://portraitresearch.com/documentation/screening/build-with-ai-assistant/) - [Run and schedule screens](https://portraitresearch.com/documentation/screening/run-and-schedule-screens/) [Source coverage and access](https://portraitresearch.com/documentation/data-sources/overview/) · [Compare the research tools](https://portraitresearch.com/documentation/reference/compare-research-tools/)