Byrna Q2 revenue flat at $11.5M, adjusted EBITDA positive $739K; ad bans cut traffic 55%

Byrna Technologies Inc.

2024-Q2 EPS reported -$0.15 revenue$19,919,000

Net revenue $11.5M vs $11.6M YoY; gross margin 53.9%; net loss improved to $1.1M from $3.0M.
Adjusted EBITDA turned positive at $739K vs negative $909K; cash $15.4M, no debt.
Meta and Google banned Byrna advertising; daily web traffic fell from 26,000 to 12,000 sessions.
Shipped 6,235 Byrna LE kits in Q2, clearing 5,800-unit backlog; launched new 12-gauge less-lethal round.
Secured first law enforcement contract in Australia; signed three new Premier Dealers.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Byrna Technologies Inc. reported fiscal second quarter ended May 31, 2023 results: revenue $11.5 million, net income $(1.1) million.

Period: fiscal second quarter ended May 31, 2023
Revenue: $11.5 million
Net income: $(1.1) million
Result: reported results

Exact text from the filing

Results Results compare 2023 fiscal second quarter end (May 31, 2023) to 2022 fiscal second quarter end (May 31, 2022) unless otherwise indicated. Net revenue for Q2 2023 was $11.5 million compared to $11.6 million in the fiscal second quarter of 2022 (“Q2 2022”). The slight decrease in sales was primarily due to a $1.4 million decline in international orders which

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Source: SEC EDGAR

accession 0001437749-23-019678

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