Levi & Korsinsky Announces an Investigation on Behalf of Byrna Technologies Inc. (BYRN) Shareholders Who May Have Been Affected by Fraud

NEW YORK, NY / ACCESSWIRE / November 1, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Byrna Technologies Inc. ("Byrna Technologies Inc.") (NASDAQ:BYRN) concerning possible violations of federal securities laws.

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." To obtain additional information, go to:

https://zlk.com/pslra-1/byrna-technologies-inc-lawsuit-submission-form?prid=110282&wire=1

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.

WHY LEVI & KORSINSKY:Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services ' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/

SOURCE:Levi & Korsinsky, LLP

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