Byrna Technologies Inc (CSE:BYRN) (OTCQB:BYRN) has posted the strongest quarterly revenues in company history at just over US$11 million off the back of “robust demand” for its non-lethal security devices. During its fiscal 4Q ended November 30, 2002, the Andover, MA-based company delivered total revenue of US$11,029,164 compared to the $500,442 it put up in the comparable year-ago quarter. Gross margins came in at 44.4% compared to 10.7%. Byrna told shareholders that the increase in revenue was driven by strong growth in orders for its Byrna HD, thanks to increased market awareness of the product, while gross margins were higher as a result of greater production volume.
Vuzix Corporation (NASDAQ:VUZI) announced that Softfoundry International Pte Ltd, a next-generation green communication solution provider, has optimized its FacePro Xpert System for Vuzix M400 and M4000 Smart Glasses. FacePro Xpert System is an AR-capable remote mentoring solution fully designed and developed by Softfoundry. Optimized for both the Vuzix M400 and M4000 Smart Glasses, the innovative application provides efficient, real-time remote global expert support, training and resources sharing via first-person perspective Full-HD to 4K video communication. As such, maintenance, inspections and repairs can be carried out without the need for the subject matter expert to be present on site. This creates great value for businesses, such as improving efficiency and productivity, while reducing the cost for travelling and deploying experts onsite.
Thunderbird Entertainment Group Inc (CVE:TBRD) (OTCQX:THBRF) (FRA:32GA) got a price target bump from analysts at Canaccord Genuity Capital Markets following the company’s fiscal second-quarter results. The Canadian broker’s analysts raised Thunderbird’s target price to $5.00 from $3.50 and repeated a Buy rating on the stock. In a note to clients, The Canaccord analysts noted that the media company’s C$28 million in quarterly revenue was “well ahead” of their own C$19.3 million forecast – the fourth straight