Byrna Technologies Reports Preliminary Q2 2024 Revenue Of $20.3M Vs 17.74M Est
Portfolio Pulse from Benzinga Newsdesk
Byrna Technologies reports preliminary Q2 2024 revenue of $20.3M, significantly surpassing the $17.74M estimate and marking a 76% increase from the previous year. The growth is attributed to successful new marketing strategies, including a celebrity endorsement campaign.
June 05, 2024 | 12:09 pm
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Byrna Technologies reported preliminary Q2 2024 revenue of $20.3M, exceeding the $17.74M estimate and showing a 76% YoY increase. The growth is driven by successful marketing strategies, including a celebrity endorsement campaign.
The significant revenue beat and strong YoY growth indicate positive market reception to Byrna's new marketing strategies. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100