雷克兰医疗工业：2025年季度报告

(Mark one)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period endedJuly31,2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period from _______________ to _______________COMMISSIONFILENUMBER:0-15535 LAKELAND INDUSTRIES, INC. (Exact name of Registrant as specified in its charter) Delaware(State or Other Jurisdiction ofIncorporation or Organization) (Registrant’s telephone number, including area code) (256)350-3873 Securities registered pursuant to Section12(b) of the Act: Title of each classTradingSymbol(s)Name of each exchangeon which registeredCommon StockLAKENASDAQ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2)has been subject to such filingrequirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulationS-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, anon-acceleratedfiler, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule12b-2of the Exchange Act: Largeacceleratedfiler☐Nonaccelerated filer☐Emerginggrowthcompany☐ Accelerated filer☒ Smallerreportingcompany☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards pursuant to Section13(a) of the Exchange Act☐ Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date. Table of Contents LAKELAND INDUSTRIES, INC.AND SUBSIDIARIES FORM10-Q The following information of the Registrant and its subsidiaries is submitted herewith: PART I - FINANCIAL INFORMATION: Item1.Financial Statements (Unaudited)Condensed Consolidated Statements of Operations Three and Six Months Ended July31, 2025 and 20243Condensed Consolidated Statements of Comprehensive Income (Loss) Three and Six Months Ended July31, 2025 and 20244Condensed Consolidated Balance Sheets As of July31, 2025 and January31, 20255Condensed Consolidated Statements of Stockholders’ Equity Three and Six Months Ended July31, 2025 and 20246Condensed Consolidated Statements of Cash Flows Six Months Ended July31, 2025 and 20248Notes to Condensed Consolidated Financial Statements9Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations26Item 3.Quantitative and Qualitative Disclosures About Market Risk32Item 4.Controls and Procedures32PART II - OTHER INFORMATION:Item 2.Unregistered Sales of Equity Securities and Use of Proceeds34Item 5Other Information34Item 6.Exhibits35Signature Pages36 Table of Contents LAKELAND INDUSTRIES, INC.AND SUBSIDIARIES PART I FINANCIAL INFORMATION LAKELAND INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED)($000’s except for share and per share information) Three Months EndedJuly31,Six Months EndedJuly31,2025202420252024Net sales$52,496$38,512$99,242$74,822Cost of goods sold33,67823,27764,78043,403Gross profit18,81815,23534,46231,419Operating expenses19,28316,82639,56130,809Lease impairments3,577—3,577—Operating (loss)income(4,042)(1,591)(8,676)610Other income, net38165144177Interest expense(445)(370)(1,028)(542)(Loss) income before taxes(4,449)(1,796)(9,560)245Income tax benefit(5,215)(420)(6,413)(32)Net income (loss)$766$(1,376)$(3,147)$277Net income (loss) per common share:Basic$0.08$(0.19)$(0.33)$0.04Diluted$0.08$(0.19)$(0.33)$0.04Weighted average common shares outstanding:Basic9,530,0827,390,8739,506,6047,371,358Diluted10,093,8557,390,8739,506,6047,648,300 Table of Contents The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. LAKELAND INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(UNAUDITED)(000’s except for share information) Table of Contents LAKELAND INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(UNAUDITED)(000’s except for share information) Table of Contents LAKELAND INDUSTRIES, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) 1.Business Lakeland Industries, Inc. and Subsidiaries, doing business as “Lakeland Fire + Safety” (“Lakeland,” the “Company,” “we,” “our” or “us”),ma