other material
confidence high
sentiment positive
materiality 0.65
Byrna Technologies authorizes $10M stock repurchase program over two years
Byrna Technologies Inc.
- Board approved $10M buyback over 24 months; shares may be repurchased in open market or via 10b5-1 plans.
- CEO Bryan Ganz says shares are 'undervalued' and program shows confidence in long-term business model.
- Company repurchased $17.5M in prior programs; most recent program was in 2022.
- Program funded from existing cash and operations; Q2 2024 revenue was a company record, improving profitability.