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Attention Napco Security Technologies, Inc. Shareholders

Napco Security Technologies, Inc. (NASDAQ: NSSC) shareholders should take note of an important announcement issued by The Gross Law Firm, which is urging shareholders who acquired shares during the class period to engage with them before the deadline of June 24, 2025. This date marks the last opportunity for shareholders to discuss their rights, including the potential to be appointed as lead plaintiffs in class action proceedings.

Details of the Class Period

The class period is defined as from February 5, 2024, to February 3, 2025. Additionally, this announcement highlights allegations regarding misleading statements made by the defendants concerning the company's projected growth and the robustness of its hardware division. Specifically, these statements conveyed confidence in Napco's capacity to meet its ambitious fiscal 2026 growth projections based on optimistic market demand for its hardware products.

However, the situation took a turn on February 3, 2025, when Napco reported its financial results for the second quarter of fiscal 2025. The results revealed a troubling drop in hardware sales, attributed primarily to decreased sales from two of the company’s major distributors. Consequently, this decline compelled the company to retract its long-term EBITDA margin target of 45%, creating uncertainty about whether this target could be attained by the end of fiscal 2026.

Impact on Stock Price

These developments led to a significant drop in Napco's stock value. The stock price plummeted from $36.70 per share on January 31, 2024, to $26.93 per share on February 3, 2025, representing a staggering decline of approximately 26.62% within just a day. This dramatic fall reflects the market's reaction to the disappointing financial disclosures and possible implications of prior misleading communication from the company's executives.

Next Steps for Shareholders

Shareholders who purchased shares of NSSC during the aforementioned class period are encouraged to submit their information promptly to ensure their inclusion in potential recovery efforts. Through the registration process, shareholders will also gain access to portfolio monitoring tools that will keep them updated on the status of the case and any further developments.

It is vital for shareholders to understand that while the aim is to act as lead plaintiffs, this is not a requirement for participation in any recovery stemming from the ongoing legal proceedings. Registering now is crucial to secure your rights and ensure you stay informed about any necessary actions to be taken.

Why Choose The Gross Law Firm?

The Gross Law Firm is recognized as a leading class action law firm in the United States. Its primary mission is to defend the rights of investors who have suffered losses due to fraudulent or deceitful business practices. The firm advocates for ethical corporate behavior and compliance with established business norms, aiming to secure compensation for investors affected by misleading or false information that artificially inflated stock values.

In conclusion, Napco Security Technologies, Inc. shareholders who believe they may have been affected by these unfortunate developments should act swiftly. With the deadline approaching quickly, engaging with legal experts at The Gross Law Firm could be a pivotal step in protecting and potentially recovering one’s investments. For further inquiries or to register as a class action participant, shareholders can visit the provided link: Gross Law Firm Contact.

Contact Information

For any further details, reaching out to The Gross Law Firm directly can provide clarity. Their office address is located at 15 West 38th Street, 12th Floor, New York, NY, 10018. They can also be reached via email at [email protected] or by phone at (646) 453-8903.

_This update serves to keep shareholders informed about their rights and potential actions in light of the recent issues surrounding Napco Security Technologies, Inc._