Byrna Technologies Announces Preliminary Q3 2024 Results, Sees Revenues Of $20.8M Vs $16.06M Est.
Portfolio Pulse from Benzinga Newsdesk
Byrna Technologies announced preliminary Q3 2024 results, reporting revenues of $20.8 million, significantly surpassing the estimated $16.06 million. This marks a 194% increase from Q3 2023, driven by strong Direct-to-Consumer and Dealer sales, and successful marketing strategies.
September 04, 2024 | 12:40 pm
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Byrna Technologies reported preliminary Q3 2024 revenues of $20.8 million, a 194% increase from the previous year, surpassing estimates. The growth is attributed to strong Direct-to-Consumer and Dealer sales, supported by effective marketing strategies.
The significant increase in revenue and surpassing of estimates is likely to positively impact Byrna's stock price in the short term. The company's effective marketing strategies and production ramp-up have contributed to this growth, indicating strong operational performance.
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