Byrna Technologies is trading at $4.23, down 10.6%, after fiscal Q3 revenue missed expectations.
- Reported October 8, revenue was $15.3 million, down about 46% year over year, with a $0.13-per-share loss.
- Weaker e-commerce sales and slower dealer and chain-store reorders contributed. Adjusted gross margin improved to approximately 65%; management expects sequential improvement in Q4, but the outlook did not offset weak top-line results.
- Broader indices were higher at the time specified, providing context rather than a matching explanation.