Byrna Technologies Q1 Sales $16.65M Beat $11.49M Estimate, Adj EBITDA of $1.18M
Portfolio Pulse from Benzinga Newsdesk
Byrna Technologies (NASDAQ:BYRN) reported Q1 sales of $16.65M, surpassing the $11.49M estimate, marking a 44.94% beat and a 98% increase from the previous year's $8.41M. The company also reported an adjusted EBITDA of $1.18M.
April 05, 2024 | 12:02 pm
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Byrna Technologies reported a significant Q1 sales beat and a substantial year-over-year growth, with an adjusted EBITDA of $1.18M.
The substantial beat on sales estimates and the impressive year-over-year growth indicate strong operational performance and market demand for Byrna Technologies' products. This positive earnings report is likely to instill investor confidence and could lead to a short-term uptick in BYRN's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100