Byrna Technologies Inc. (“Byrna” or the
“Company”) (Nasdaq: BYRN), a technology company,
specializing in the development, manufacture, and sale of
innovative less-lethal personal security solutions, has appointed
Lauri Kearnes as Chief Financial Officer (“CFO”), effective July
15, 2024. Kearnes is already working with the Company to ensure a
smooth transition.
Kearnes brings over 20 years of experience in
financial and operating leadership, most recently serving as CFO
for Harte Hanks (Nasdaq: HHS), a Massachusetts-based global
customer experience (CX) strategy company. At Harte Hanks, she
oversaw all finance, accounting, and human resources for a business
with over $200 million in annual revenues.
Prior to her role as CFO at Harte Hanks, Kearnes
held various key positions, including Corporate Controller, Group
VP of Finance, and VP of Finance. Her background also includes
roles at Brooks Automation, where she managed financial operations
in a high-tech manufacturing environment, and at Nutraceutical
Corporation, where she gained insights into market dynamics in
consumer-focused industries.
Kearnes graduated from Utah State University,
receiving both her undergraduate degree and master’s degree in
accounting.
“Lauri’s deep expertise in financial strategy,
coupled with her strong leadership skills and extensive management
experience, make her the ideal fit for Byrna,” Bryan Ganz, CEO of
Byrna, said. “Her proven track record in driving financial
performance, managing complex financial operations, and her
in-depth knowledge of public company reporting requirements will be
valuable as we continue to scale and innovate. We are confident
that under Lauri’s financial leadership, Byrna will achieve new
heights and deliver long-term value to our stakeholders.”
Kearnes commented: “I look forward to utilizing
my background and experiences to continue driving Byrna’s growth.
With the Company’s recent revenue growth and expansion of
production capabilities, this is an excellent opportunity to join a
rapidly growing organization making significant strides in both the
consumer and public safety markets. I am eager to work alongside
the executive team in this role to continue the Company’s strong
track record of financial performance.”
As previously announced, the company’s current
CFO, David North, is retiring effective July 15, 2024. North will
remain involved as an outside consultant, ensuring continuity and
the preservation of his insights and guidance.About Byrna
Technologies Inc.Byrna is a technology company
specializing in the development, manufacture, and sale of
innovative less-lethal personal security solutions. For more
information on the Company, please visit the corporate
website here or the Company's investor relations
site here. The Company is the manufacturer of the Byrna® SD
personal security device, a state-of-the-art handheld CO2 powered
launcher designed to provide a less-lethal alternative to a firearm
for the consumer, private security, and law enforcement markets. To
purchase Byrna products, visit the Company's e-commerce store.
Forward-Looking StatementsThis
news release contains "forward-looking statements" within the
meaning of the securities laws. All statements contained in this
news release, other than statements of current and historical fact,
are forward-looking. Often, but not always, forward-looking
statements can be identified by the use of words such as "plans,"
"expects," "intends," "anticipates," and "believes" and statements
that certain actions, events or results "may," "could," "would,"
"should," "might," "occur," or "be achieved," or "will be taken."
Forward-looking statements include descriptions of currently
occurring matters which may continue in the future. Forward-looking
statements in this news release include but are not limited to our
statements related to our growth and long-term value creation.
Forward-looking statements are not, and cannot be, a guarantee of
future results or events. Forward-looking statements are based on,
among other things, opinions, assumptions, estimates, and analyses
that, while considered reasonable by the Company at the date the
forward-looking information is provided, inherently are subject to
significant risks, uncertainties, contingencies, and other factors
that may cause actual results and events to be materially different
from those expressed or implied.
Any number of risk factors could affect our
actual results and cause them to differ materially from those
expressed or implied by the forward-looking statements in this news
release, including, but not limited to, prolonged, new, or
exacerbated disruption of our supply chain; the further or
prolonged disruption of new product development; production or
distribution or delays in entry or penetration of sales channels
due to inventory constraints, competitive factors, civil unrest,
increased shipping costs or freight interruptions; prototype, parts
and material shortages; determinations by third party controlled
distribution channels not to carry or reduce inventory of the
Company's products; determinations by advertisers to prohibit
marketing of some or all Byrna products; the loss of marketing
partners; potential cancellations of existing or future orders;
product design defects or recalls; litigation, enforcement
proceedings or other regulatory or legal developments; changes in
consumer or political sentiment affecting product demand;
regulatory factors including the impact of commerce and trade laws
and regulations; import-export related matters or sanctions or
embargos that could affect the Company's supply chain or markets;
delays in planned operations related to licensing, registration or
permit requirements; and future restrictions on the Company's cash
resources, increased costs and other events that could potentially
reduce demand for the Company's products or result in order
cancellations. The order in which these factors appear should not
be construed to indicate their relative importance or priority. We
caution that these factors may not be exhaustive; accordingly, any
forward-looking statements contained herein should not be relied
upon as a prediction of actual results. Investors should carefully
consider these and other relevant factors, including those risk
factors in Part I, Item 1A, ("Risk Factors") in the Company's most
recent Form 10-K, should understand it is impossible
to predict or identify all such factors or risks, should not
consider the foregoing list, or the risks identified in the
Company's SEC filings, to be a complete discussion of all potential
risks or uncertainties, and should not place undue reliance on
forward-looking information. The Company assumes no obligation to
update or revise any forward-looking information, except as
required by applicable law.
Investor Contact:Tom Colton and Alec
WilsonGateway Group, Inc. 949-574-3860BYRN@gateway-grp.com
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