Byrna prelim Q3 rev $7.1M, down 43% YoY; gross margin drops to 45% on $650k inventory reserve

Byrna Technologies Inc.

2024-Q3 EPS reported -$0.34 revenue$27,004,000

Preliminary Q3 revenue $7.1M vs $12.4M in prior-year period, a 43% decline attributed to advertising bans by Meta and Google.
Gross margin estimated at 45% vs 55% YoY, impacted by a one-time $650K excess/obsolete inventory reserve.
Company secured Google permission to advertise on YouTube and formed a partnership with Sean Hannity to boost web traffic.
Full Q3 financial results and a conference call are expected to be announced in October 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Byrna Technologies Inc. reported fiscal third quarter ended August 31, 2023 results: revenue $7.1 million.

Period: fiscal third quarter ended August 31, 2023
Revenue: $7.1 million
Result: preliminary results

Exact text from the filing

the Company expects total revenue for the fiscal third quarter of 2023 to be $7.1 million

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Source: SEC EDGAR

accession 0001437749-23-026725

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