Byrna Technologies Reports GAAP EPS of -$0.13 and Revenue Misses Expectations
Byrna Technologies (BYRN) reported a third-quarter loss per share of $-0.13, which beat expectations by $0.03 despite revenue falling short at $15.3 million—$850,000 below forecasts and down 45.7% year-over-year. The company's adjusted EBITDA for the quarter was -$1.4 million compared to a positive $4.1 million in Q3 of the previous year. The results highlight continued financial challenges as Byrna Technologies struggles with declining revenue, which could raise concerns among investors about its long-term viability and market position. The mixed performance—stronger-than-expected losses but weaker revenue—may lead to cautious investor sentiment toward the stock.
Tickers: $BYRN
Topics: Earnings Financial Performance