SHAREHOLDER ALERT: Investigation of Byrna Technologies Inc. (BYRN) Announced by Johnson Fistel

SAN DIEGO, Oct. 29, 2024 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, LLP is investigating whether Byrna Technologies Inc. (NASDAQ: BYRN) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. On October 29, 2024, Bonitas Research issued a report questioning Byrna’s primary sales channels, sales growth, and profitability. The report states that “Byrna’s earnings call highlighted the specific importance of its ‘Premier Dealer’ network and disclosed Byrna had twenty (20) ‘Premier Dealers’ as of April 5, 2024. We found some Byrna ‘Premier Dealers’ were secondary businesses using ad-hoc shooting ranges in garages and back alleys with little to no retail presence.” Bonitas Research also contacted 20% of Byrna’s Authorized Dealers, revealing multiple ‘Authorized Dealers’ with no online presence nor independent retail storefronts, including a car wash, a tea shop, a uniform embroidery shop, and a barbershop. We found that Byrna’s “Authorized Dealer” list included storefronts that did not carry launchers in stock and had not placed a restocking order in the last 90 days.”

What if I purchased Byrna Technologies securities? If you purchased securities and suffered losses on your investment, join our investigation now: Click Here to Join the Investigation. Or for more information, contact Jim Baker at [email protected] or (619) 814-4471. There is no cost or obligation to you.

What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or [email protected].

About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.

Attorney advertising.
Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.

Johnson Fistel, LLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content.

Contact:
Johnson Fistel, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
[email protected] or [email protected]

Wall St Business News, Latest and Up-to-date Business Stories from Newsmakers of Tomorrow