Faruqi & Faruqi Reminds Napco Security Technologies Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 24, 2025 - NSSC

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].