NSSC · Nasdaq
It filed on time and stood behind its numbers. Of companies scoring zero, 4.0% were delisted, went bankrupt, restated or stopped filing within the following year.
Hover or tap a dot to see the filings behind that score.
ed time period. : As previously disclosed, on August 14, 2023, the Audit Committee of the Board of Directors of Napco Security Technologies, Inc. (the “Company”) concluded that the Company’s previously issued unaudited interim financial statements for the fiscal quarters ended September 30, 2022, December 31, 2022 and March 31, 2023 included in the Company’s quarterly reports on Form 10-Q for such respective quarters should no longer be relied upon. The Company is in the process of preparing amended Forms 10-Q for each of the first three quarters of fiscal 2023 and intends to file such amendments as soon as reasonably practicable after the restatement process is completed. The Company is working diligently to complete and file the Form 10-K for the fiscal year ended June 30, 2023 (the “2023 Form 10-K”) as soon as practicable. Due to the time and effort devoted to finalizing the amendments to the Original Forms 10-Q, however, the Company is necessarily delayed in its reporting and review process for the fiscal year ended June 30, 2023. As a result, the Company does not expect to complete the preparation and filing of the 2023 Form 10-K by the prescribed due date. The Company expects to file the 2023 Form 10-K within the extension period as provided by Rule 12b-25 under the Securities Exchange Act of 1934, as amended. Forward-Looking Statements This Form 12b-25 contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including the statements regarding the filing of the Company’s 2023 Form 10-K and the Company’s expected financial results for the fiscal year ended June 30, 2023. Forward-looking statements can generally be identified by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “potential,” “seek,” “should,” “think,” “will,” “would” and similar expressions, or they may use future dates
NT 10-K, filed 2023-08-29 · restatement
2023-11-03auditor changed or resigned SEC →
2023-10-27auditor changed or resigned SEC →
ed time period. : As previously disclosed, on August 14, 2023, the Audit Committee of the Board of Directors of Napco Security Technologies, Inc. (the “Company”) concluded that the Company’s previously issued unaudited interim financial statements for the fiscal quarters ended September 30, 2022, December 31, 2022 and March 31, 2023 included in the Company’s quarterly reports on Form 10-Q for such respective quarters should no longer be relied upon. The Company is in the process of preparing amended Forms 10-Q for each of the first three quarters of fiscal 2023 and intends to file such amendments as soon as reasonably practicable after the restatement process is completed. The Company is working diligently to complete and file the Form 10-K for the fiscal year ended June 30, 2023 (the “2023 Form 10-K”) as soon as practicable. Due to the time and effort devoted to finalizing the amendments to the Original Forms 10-Q, however, the Company is necessarily delayed in its reporting and review process for the fiscal year ended June 30, 2023. As a result, the Company does not expect to complete the preparation and filing of the 2023 Form 10-K by the prescribed due date. The Company expects to file the 2023 Form 10-K within the extension period as provided by Rule 12b-25 under the Securities Exchange Act of 1934, as amended. Forward-Looking Statements This Form 12b-25 contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including the statements regarding the filing of the Company’s 2023 Form 10-K and the Company’s expected financial results for the fiscal year ended June 30, 2023. Forward-looking statements can generally be identified by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “potential,” “seek,” “should,” “think,” “will,” “would” and similar expressions, or they may use future dates
2023-08-18accounts declared unreliable SEC →
2022-05-17accounts declared unreliable SEC →
ed time period. : The Company is unable to timely file its Form 10-Q for the period ended March 31, 2022 because it and its auditors are re-evaluating the Company’s inventory reserves, including its methodology for determining such reserves, for the Fiscal years ended 2019, 2020 and 2021 and cannot complete such re-evaluation without undue effort or expense. The Company does not believe that such re-evaluation will have a material effect on the announced results of operations for the three and nine months ended March 31,2022, or to the consolidated balance sheet as of March 31, 2022. Any potential modifications to the Company's consolidated financial statements as a result of this re-evaluation for the fiscal years ended 2019, 2020 and 2021 is not expected to result in a material change to the reported consolidated results of operations for the years then ended. The Form 10-Q will be filed within five business days of the date hereof
reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.
Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.
See the ledger → Every company the score flagged that later failed, what it told the SEC on the way down, and the ones it missed.Every item above is a filing this company
made with the SEC.
Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not
investment advice