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home / news releases / BYRN - Byrna Technologies: Tough Start Of FY23 But Q2 Should Be Strong (Rating Upgrade)

BYRN - Byrna Technologies: Tough Start Of FY23 But Q2 Should Be Strong (Rating Upgrade)

Byrna Technologies Inc.

2023-05-02 21:42:55 ET

Summary

  • The company booked revenues of just $8.41 million in Q1 FY23 due to supplier issues and production problems related to two products.
  • I think that Byrna could clear a major part of the backlog in Q2 FY23, which would put it on track to meet its revenue guidance for the year.
  • The EV is below $100 million, but I want to see at least two consecutive quarters of positive net income before I consider investing in this stock.

For further details see:

Byrna Technologies: Tough Start Of FY23 But Q2 Should Be Strong (Rating Upgrade)
Stock Information
Company Name: Byrna Technologies Inc.
Stock Symbol: BYRN
Market: OTC
Website: byrna.com
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