Byrna Technologies Inc. (Nasdaq: BYRN) reported a second-quarter fiscal 2023 loss of $0.05 per share and revenue of $11.51 million. These figures fell short of the consensus estimate, which projected earnings per share of $0.01 on revenue of $12 million.

Byrna is facing challenges due to the ban on advertising its products across all Meta platforms, creating uncertainty for the company. As a result, Byrna has made the decision to withdraw its previously communicated guidance for fiscal year 2023.

$BYRN is currently trading at $4.80 in pre-market, down $0.42 (8.04%)

In other news, electroCore, Inc. (Nasdaq: ECOR) has released its preliminary unaudited financial guidance for the second quarter of 2023. The company expects to report record quarterly revenue of around $3.55 million, reflecting a remarkable 65% increase compared to the same period last year. This revenue projection exceeds the analysts' estimate of $3.28 million for Q2.

Looking ahead, electroCore remains confident in its revenue outlook for the full-year 2023, reiterating a guidance range of $14.0 million to $15.0 million. This aligns with the market consensus of $14.08 million in revenue for the period.

In pre-market trading, $ECOR remains unchanged at $4.86.

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