Lakeland(US:LAKE) Businesswire·2026-01-15 01:00Core Viewpoint - The law firm Kirby McInerney LLP is investigating Lakeland Industries, Inc. for potential violations of federal securities laws or other unlawful business practices related to its recent financial performance [1]. Financial Performance - Lakeland Industries reported net sales of $47.6 million for Q3 2026, with adjusted EBITDA, excluding foreign exchange effects, at $200,000, representing a decrease of $4.5 million or 95% compared to the same period last year [2]. - 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 prior-year quarter [2]. - Following the earnings report, Lakeland's share price fell by $5.85, or approximately 38.97%, from $15.01 on December 9, 2025, to close at $9.16 on December 10, 2025 [2]. Management Commentary - CEO James Jenkins attributed the disappointing results partly to "delays in certification," indicating that the company was aware of the certification timeline, which was expected in March 2026 [2].