BYRN - Byrna Technologies plummets 19% on lowered guidance

Byrna Technologies (BYRN -19.3%) Q4 revenue rose marginally by 1.2% Y/Y to $11.2M. Orders Received during the quarter rose 57.4% to $12M. Gross profit increased by 16.4% to $5.7M. Gross margin improved to 51.1% from 44.4% Net loss was $3.2M for the quarter vs. net loss of $1.6M in the same quarter last year. Total cash of $56.4M as of November 30, 2021. Q1 2022 Outlook: Revenues range between $8.4M-9.2M (down from prior guidance of $11M-11.5M). The reason for the wide range is that the company has $1M of orders that it is not sure if can ship prior to the end of the quarter. FY 2022 Outlook: Revenue guidance from $60M-65M to $55-60M. The reduction in our Q1 projection and FY guidance is due to the uncertainties stemming from the global supply chain crisis. This new range reflects year-over-year growth of approximately 36% at the mid-point of the range. Bryan

For further details see:

Byrna Technologies plummets 19% on lowered guidance