Byrna Technologies Reports First Quarter Results
Enhanced Market Awareness and Expanded Production Capacity Drive Strong Revenue Growth
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ANDOVER, Mass., April 13, 2021 /PRNewswire/ Byrna Technologies Inc. (OTCQB: BYRN) (CSE: BYRN) ( Byrna or the Company ) today announced results for its fiscal first quarter ended February 28, 2021.
First Quarter 2021 Compared to First Quarter 2020:
Revenues were $8.9 million compared to $149,000.
Gross margin was 53.3% compared to (19.5)%.
GAAP net loss was ($272,000) compared to a GAAP net loss of ($2.3) million. The quarter-over-quarter growth in revenues reflects the large increase in consumer demand for our Byrna
® HD non-lethal personal security device that began during the second half of 2020, stated Bryan Ganz, CEO of Byrna. It was gratifying to also see steady improvement in our bottom-line performance, Ganz added. Excluding non-cash stock compensation expense, n
Byrna Technologies Inc sees dramatic fiscal 1Q revenue surge as demand for Byrna HD personal security device grow
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Byrna Technologies Reports First Quarter Results
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