BYRN - Byrna Technologies: Making Progress

2024-07-11 12:12:49 ET

Summary

• Byrna Technologies Inc. stock dropped 10% despite reporting strong quarterly earnings, improved margins, positive cash flow, and increased production capacity.
• The company ended the quarter with $25 million in cash and no long-term debt, has moved to profitability, and has a large potential market.
• A post-quarterly earnings assessment is provided on Byrna Technologies in the paragraphs below.

Today, we are putting non-lethal munition and arms manufacturer Byrna Technologies Inc. ( BYRN ) as the stock has sold off just over 10% despite the company posting a solid quarterly earnings report on Tuesday. The company improved margins, swung to a quarterly profit from a loss in the same period a year ago, and increased its production capacity to meet a surge in demand. This could mean it might be a good time to buy a few shares on the dip....

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