Lakeland(US:LAKE) Globenewswire·2025-12-16 20:39Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Lakeland Industries, Inc. for possible violations of federal securities laws and unlawful business practices affecting stockholders [1][2]. Investigation Details - The investigation is focused on whether Lakeland has engaged in unlawful business practices that may have led to financial losses for investors [1][2]. Financial Performance - Lakeland reported net sales of $47.6 million for Q3 2026, with adjusted EBITDA of $200,000, reflecting a decrease of $4.5 million or 95% compared to the prior year [6]. - The company experienced a net loss of $16 million, equating to a loss of $1.64 per basic and diluted share, in contrast to a net income of $100,000 or $0.01 per share in the same quarter of the previous year [6]. - Following the earnings report, Lakeland's stock price dropped by $5.85 per share, or 38.97%, closing at $9.16 per share on December 10, 2025 [6]. Management Commentary - CEO James Jenkins attributed the poor financial results partly to "delays in certification," indicating that the company anticipated certification to occur in March 2026 [6].