Core Viewpoint - The Gross Law Firm is notifying shareholders of Napco Security Technologies, Inc. about a potential class action lawsuit due to significant declines in the company's stock price following disappointing financial results and revised growth projections [1][3]. Group 1: Company Performance and Allegations - The class period for the alleged misleading statements is from February 5, 2024, to February 3, 2025 [3]. - Allegations include that Napco's management provided investors with overly optimistic information regarding the company's growth and strength in its hardware division, claiming confidence in achieving fiscal 2026 growth projections [3]. - On February 3, 2025, Napco reported a significant reduction in hardware sales, attributing the decline primarily to reduced sales from two larger distributors [3]. - Following the announcement, Napco's stock price fell from $36.70 per share on January 31, 2024, to $26.93 per share on February 3, 2025, marking a decline of approximately 26.62% in one day [3]. Group 2: Legal Proceedings and Shareholder Actions - Shareholders are encouraged to register for the class action lawsuit, with a deadline for lead plaintiff applications set for June 24, 2025 [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [4]. - The Gross Law Firm emphasizes its commitment to protecting investors' rights and ensuring responsible business practices by companies [5].

Core Viewpoint - Investors in Napco Security Technologies, Inc. have the opportunity to lead a securities fraud class action lawsuit due to substantial losses incurred [1][2]. Group 1: Lawsuit Details - The lawsuit alleges that from February 5, 2024, to February 3, 2025, the Company failed to disclose its inability to accurately forecast product demand, which misled investors regarding its business prospects [3]. - The complaint claims that the Company's positive statements about its operations and future were materially misleading and lacked a reasonable basis [3]. Group 2: Participation Information - Investors who suffered losses are encouraged to contact the Law Offices of Howard G. Smith before June 24, 2025, to participate in the ongoing lawsuit [2][4]. - Individuals do not need to take any immediate action to be part of the class action and may choose to retain counsel or remain absent [5].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Napco Security Technologies, Inc. due to allegations of false and misleading statements regarding the company's growth and hardware division performance [3][5]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses exceeding $75,000 in Napco between February 5, 2024, and February 3, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Napco, with a deadline of June 24, 2025, for investors to seek the role of lead plaintiff [3][8]. Group 2: Financial Performance - Napco reported a significant reduction in hardware sales for the second quarter of fiscal 2025, attributing the decline to reduced sales from two major distributors [6]. - Following the announcement of poor financial results, Napco's stock price fell from $36.70 per share on January 31, 2024, to $26.93 per share on February 3, 2025, marking a decline of approximately 26.62% in one day [7]. Group 3: Company Statements - The complaint alleges that Napco's executives made false statements regarding the company's expected growth and the strength of its hardware division, including confidence in achieving fiscal 2026 growth projections [5]. - The company has retracted its long-term EBITDA margin target of 45%, indicating uncertainty about achieving this goal by the end of fiscal 2026 [6].

Core Viewpoint - Kahn Swick & Foti, LLC has initiated an investigation into NAPCO Security Technologies, Inc. following significant financial misstatements and a securities class action lawsuit against the company [1][3]. Financial Misstatements - NAPCO disclosed a material weakness in its internal controls over financial reporting for the first three quarters of fiscal 2023, leading to overstated inventories and understated cost of goods sold (COGS) [2]. - The company confirmed that net income was overstated by as much as 114.97%, income per share by 112.5%, operating income by 118.02%, and gross profit and gross margins by 35.59% [2]. Legal Proceedings - NAPCO is facing a securities class action lawsuit for failing to disclose material information, with the court recently denying the company's motion to dismiss the case [3]. - The investigation by KSF is focused on potential breaches of fiduciary duties by NAPCO's officers and/or directors, as well as violations of state or federal laws [3].

NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Napco Security Technologies, Inc. ("Napco" or the "Company") (NASDAQ: NSSC) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Napco investors who were adversely affected by alleged securities fraud between February 5, 2024 and February 3, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/napco-securit ...

Core Viewpoint - Napco Security Technologies, Inc. is facing significant challenges, including a securities class action lawsuit and declining sales, which have raised concerns about its distribution network and forecasting capabilities [1][3][4]. Financial Performance - Napco reported a 10.8% year-on-year decline in sales, totaling $43.96 million for the third quarter of fiscal year 2025, despite beating Wall Street's revenue expectations [2][6]. - The company experienced a substantial 25% drop in equipment sales in the second quarter of fiscal 2025 compared to the previous year, leading to significant declines in gross margin and gross profit [6][7]. Legal Issues - A securities class action lawsuit has been filed against Napco, representing investors who purchased securities between February 5, 2024, and February 3, 2025, following a sharp decline in stock price due to disappointing earnings disclosures [3][4]. - The lawsuit alleges that Napco made false and misleading statements regarding its sales and forecasting practices, failing to disclose its inability to accurately predict demand for its products [4][5]. Market Reaction - Following the negative disclosures, Napco's stock price dropped by 26% in a single trading day, erasing $9.77 per share in value, prompting analysts to downgrade their ratings on the company [3][7]. - Hagens Berman, a securities litigation firm, is investigating potential securities fraud claims against Napco, emphasizing ongoing concerns about the company's ability to manage its distribution network and forecast demand accurately [8].

NEW YORK, May 07, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Napco Security Technologies, Inc. (NASDAQ: NSSC). Shareholders who purchased shares of NSSC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/napco-security-technologies-inc-loss-submission-form/?id=147116&f ...

NSSC investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500. CASE DETAILS: According to the complaint, defendants provided investors with material information concerning Napco's overall expected growth and strength in the Company's hardware division. Defendants' statements included, among other things, confidence in Napco's ability to achieve its fiscal 2026 growth projections on back of its ability to both appropriately forecast and execute upon the ...

Core Viewpoint - A class action lawsuit has been filed against Napco Security Technologies, Inc. for allegedly misleading investors about its growth projections and sales performance during the specified period [1][2]. Allegations - Robbins LLP is investigating claims that Napco Security Technologies misrepresented its ability to meet fiscal 2026 growth projections, failing to disclose the true state of product demand forecasting and distributor negotiations [2]. - The complaint states that Napco made optimistic long-term projections while downplaying setbacks in hardware sales, which ultimately led to a decline in sales and failure to meet projections [2]. Financial Impact - On February 3, 2025, Napco announced disappointing financial results for Q2 of fiscal 2025, revealing a significant drop in hardware sales. Following this announcement, the stock price fell from $36.70 on January 31, 2024, to $26.93 on February 3, 2025, marking a decline of approximately 26.62% in one day [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must file their papers by June 24, 2025. Participation in the case is not required to be eligible for recovery [4]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [5].

PLEASE CLICK HERE TO SUBMIT YOUR CONTACT INFORMATION NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP  ("Wolf Haldenstein") announces the filing of a class action lawsuit against Napco Security Technologies, Inc. (NASDAQ: NSSC). This action is on behalf of investors who purchased Napco securities between February 5, 2024, and February 3, 2025, inclusive (“Class Period”). The lawsuit alleges that Napco made misleading statements about its financial performance, leading to ...