Byrna Technologies Inc Q2 2023 Earnings Call Transcript - Thomson StreetEvents

Byrna Technologies Inc Q2 2023 Earnings Call Transcript

Byrna Technologies Inc Q2 2023 Earnings Call Transcript - Thomson StreetEvents
Byrna Technologies Inc Q2 2023 Earnings Call Transcript
Published Jul 11, 2023
11 pages (7737 words) — Published Jul 11, 2023
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Abstract:

Edited Transcript of BYRN.OQ earnings conference call or presentation 11-Jul-23 1:00pm GMT

  
Brief Excerpt:

...Thank you, Kevin, and thank you everyone for joining us today. As Kevin mentioned this morning, we filed our 10-Q with the SEC and issued a press release providing our financial results for the second quarter ended May 3, 2023, along with key business accomplishments. Today, I would like to start by providing a few key highlights and recent business developments. Then I will hand the call over to David North to discuss our financial results in more detail. After that, I'll come back and provide some color on our performance, touching on both those areas of the business that we are pleased with and the underperforming areas of the business that require our attention. After that, we can take questions from our publishing analysts. And with that, let's begin. First, production. I am pleased to report that during the quarter, we commenced production, serial production of the new, more powerful Byrna LE launcher and successfully worked through the backlog and wait list of 5,800 units reported...

  
Report Type:

Transcript

Source:
Company:
Byrna Technologies Inc
Ticker
BYRN.OQ
Time
1:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Jeff Van Sinderen - B. Riley - Analyst : Hi. Good morning, everyone. Just sort of, I guess, a conceptual question around Meta, can you say -- and I'm surprised that they're not responding at all. That seems really unusual to me, you think that Meta has any idea that by default, their band is actually supporting injury and perhaps death with firearms by just not enabling people to learn about non-lethal and just anymore around that because it just seems like such a strange position for them to take?


Question: Jeff Van Sinderen - B. Riley - Analyst : Okay. That's helpful. I think to understand that maybe it's just, you said a knee-jerk reaction and Meta needs to dig into it a little bit deeper, and I guess kind of understood the powerful platform that they have and actually do some good and prevent injury in this world. Maybe we can turn to -- I realize you went through guidance, but I guess just thinking along the lines of order of magnitude maybe what are you thinking about the revenue progression over the remainder of this year, maybe considering various year-over-year comparison elements? Because I know we've got some of those, and obviously, you've got some episodic elements, in some of your businesses. And then also just kind of considering the increasing penetration of dealer sales. Maybe you can just touch on anticipation for gross margin progression over the next couple of quarters?


Question: Jeff Van Sinderen - B. Riley - Analyst : Okay. Thanks for taking my questions. I'll take the rest offline.


Question: Jim McIlree - Dawson James - Analyst : Thank you. Good morning. I'm hoping that you can help me understand the cost differences in advertising through the alternative websites that you discussed versus Meta and as well as preliminarily what you think the take rate would be. So if you have to make up numbers about 10,000 at Meta in order to get 1,000 in sales, how many would you have to put out on this alternative website? So I'm just trying to again understand response rates and costs of switching the (inaudible).


Question: Jim McIlree - Dawson James - Analyst : And as far as the -- David, your discussion about gross margin that obviously assumes some mix shift away from direct to consumer. Does that have a big impact on your prediction that gross margins improve modestly over the next couple of quarters? Or we seeing two things happen: one, we're getting rid of the old inventory, but we're getting hit by the change in the mix?


Question: Jim McIlree - Dawson James - Analyst : Got it. Okay. Thank you. That's it from me.

Table Of Contents

Byrna Technologies Inc Q1 2024 Earnings Call Transcript – 2024-04-05 – US$ 106.00 – Edited Transcript of BYRN.OQ earnings conference call or presentation 5-Apr-24 1:00pm GMT

Byrna Technologies Inc Q3 2023 Earnings Call Transcript – 2023-10-12 – US$ 54.00 – Edited Transcript of BYRN.OQ earnings conference call or presentation 12-Oct-23 1:00pm GMT

Byrna Technologies Inc Q1 2023 Earnings Call Transcript – 2023-04-14 – US$ 54.00 – Edited Transcript of BYRN.OQ earnings conference call or presentation 14-Apr-23 1:00pm GMT

Byrna Technologies Inc Q4 2022 Earnings Call Transcript – 2023-02-09 – US$ 54.00 – Edited Transcript of BYRN.OQ earnings conference call or presentation 9-Feb-23 2:00pm GMT

Byrna Technologies Inc Q3 2022 Earnings Call Transcript – 2022-10-05 – US$ 54.00 – Edited Transcript of BYRN.OQ earnings conference call or presentation 5-Oct-22 1:00pm GMT

Byrna Technologies Inc Q2 2022 Earnings Call Transcript – 2022-07-07 – US$ 54.00 – Edited Transcript of BYRN.OQ earnings conference call or presentation 7-Jul-22 1:00pm GMT

Byrna Technologies Inc Q1 2022 Earnings Call Transcript – 2022-04-06 – US$ 54.00 – Edited Transcript of BYRN.OQ earnings conference call or presentation 6-Apr-22 1:00pm GMT

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Thomson StreetEvents. "Byrna Technologies Inc Q2 2023 Earnings Call Transcript" Jul 11, 2023. Alacra Store. May 18, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Byrna-Technologies-Inc-Earnings-Call-T15637950>
  
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Thomson StreetEvents. (2023). Byrna Technologies Inc Q2 2023 Earnings Call Transcript Jul 11, 2023. New York, NY: Alacra Store. Retrieved May 18, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Byrna-Technologies-Inc-Earnings-Call-T15637950>
  
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