Byrna Technologies Expects Interim Q3 Revenues Of $7.1M Compared To $12.4M In Q3 FY22 And Consensus Of $11.41M
Portfolio Pulse from Benzinga Newsdesk
Byrna Technologies expects its interim Q3 revenues to be $7.1M, significantly lower than the $12.4M in Q3 FY22 and consensus of $11.41M. The company also anticipates a decrease in gross margins to 45% from 55% in the prior year period.
September 26, 2023 | 12:04 pm
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NEGATIVE IMPACT
Byrna Technologies' lower than expected Q3 revenues and decrease in gross margins could negatively impact its stock price in the short term.
Byrna Technologies' lower than expected Q3 revenues and decrease in gross margins indicate a potential decline in profitability, which could lead to a negative investor sentiment and a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100