NAPCO Responds To Fuzzy Panda's Misleading Report, Refutes Unsupported Allegations, Highlights Strong Financial Performance And Enhanced Internal Controls
Portfolio Pulse from Benzinga Newsdesk
NAPCO has responded to a report by Fuzzy Panda, a short seller, refuting allegations and highlighting its strong financial performance. The company reported record revenues, increased dividends, and improved internal controls. NAPCO aims to continue its growth in the security market.
September 06, 2024 | 12:11 pm
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NAPCO refutes allegations by Fuzzy Panda, emphasizing its strong financial performance with record revenues and increased dividends. The company has improved internal controls and remains focused on growth in the security market.
NAPCO's response to the short seller's report is likely to reassure investors, highlighting strong financials and improved controls. The increase in dividends and focus on growth in the security market are positive indicators for the stock.
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