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so true
“One Coin to Rule Them All”
“One Coin to Rule Them All”
can not keep this beach ball stock under water for long.
Microstrategy's Michael Saylor expects billions to hold savings on phones with bitcoin
Feb. 23, 2021 11:09 AM ETMicroStrategy Incorporated (MSTR)By: Stephen Alpher, SA News Editor32 Comments
Appearing on CNBC this morning, Microstrategy (NASDAQ:MSTR) CEO Michael Saylor is bothered not a bit by the shaky price action of the last couple of days.
He notes that Bitcoin (BTC-USD) became a $1T digital monetary network in just a dozen years, way faster than other $1T-club members like Apple, Amazon, Microsoft, and Google.
"We're going to see a day when 7B-8B people have a bar of digital gold on their phone, and they're using it to store their life savings ... The world needs this thing."
Bitcoin this morning dipped as low as about $45K (from above $58K 48 hours earlier), but has bounced a bit since, now at $49K. Microstrategy is also off the lows, but down 16.3% on the session.
Saylor's appearance on CNBC this morning comes following his company raising another $1B with which to buy bitcoin last week.
Microstrategy's Michael Saylor expects billions to hold savings on phones with bitcoin
Feb. 23, 2021 11:09 AM ETMicroStrategy Incorporated (MSTR)By: Stephen Alpher, SA News Editor32 Comments
Appearing on CNBC this morning, Microstrategy (NASDAQ:MSTR) CEO Michael Saylor is bothered not a bit by the shaky price action of the last couple of days.
He notes that Bitcoin (BTC-USD) became a $1T digital monetary network in just a dozen years, way faster than other $1T-club members like Apple, Amazon, Microsoft, and Google.
"We're going to see a day when 7B-8B people have a bar of digital gold on their phone, and they're using it to store their life savings ... The world needs this thing."
Bitcoin this morning dipped as low as about $45K (from above $58K 48 hours earlier), but has bounced a bit since, now at $49K. Microstrategy is also off the lows, but down 16.3% on the session.
Saylor's appearance on CNBC this morning comes following his company raising another $1B with which to buy bitcoin last week.
you can't rush hard science and particularly this co given its pedigree.
Yellen just made an argument for BTC's scarcity and therefore value.
amazing times. the birth of an entirely new sector.
have faith
or there abouts... you want to be positioned for the run to $150 k by the fall.
Saylor knows what he is doing.
thinking same
he has that vision thing
Boom.
to THEE Big Guy.
it is a 3 buck stock now. under loved.
but is a third order issue....we are in good hands with this management team. I have placed some bucks in this stock. not the ranch but the north 40.
I also purchased 2 Byrna HD kits last year.
I put to the test the units with the Kinetic rounds. WOW. impressive.
The Byrna HD unit is great and I am a long term hold on BYRN. Been in since May.
the sales numbers on the next reporting and news spreading about Byrna should move us without RS to over $5 in short order. Go team BYRNA.
I also purchased 2 Byrna HD kits last year.
I put to the test the units with the Kinetic rounds. WOW. impressive.
The Byrna HD unit is great and I am a long term hold on BYRN. Been in since May.
the sales numbers on the next reporting and news spreading about Byrna should move us without RS to over $5 in short order. Go team BYRNA.
agree. let the sales speak for themselves
some wind in the sails! excellent
Scooter --get a grip.
you are right. to be honest, I have not the same since the German's bombed Pearl Harbor.
nice week. back up to $2 week.
never mind. have a nice day.
this is the same dude who said that Byrna paid for the fox pr. he is clueless.
so agree
so agree
silence is golden
my type of dawn patrol.
these will never fly again. never. they are govt agencies forever.
third it
steady as she goes
they are pros....not pr pigs....that can't afford to be with the former ceos history
Byrna Technologies Announces Record Sales for both the Fourth Quarter & Full Fiscal Year 2020
The Company Projects Continued Strong Sales Growth for Fiscal 2021
ANDOVER, Mass., Dec. 4, 2020 /CNW/ -- Byrna Technologies Inc. (OTCQB: BYRN) (CSE: BYRN) ("Byrna" or "the Company") reported record sales for the fiscal fourth quarter ended November 30, 2020 of approximately $11.1 million, up from $4.2 million in the third quarter (a 265% increase quarter over quarter). Domestic sales accounted for 91.2% of Byrna's fourth quarter sales with International Sales accounting for 8.8%. In terms of sales channels, 85.2% of Byrna's fourth quarter sales were generated through Byrna's e-commerce website, 10.9% of fiscal fourth quarter sales were through Byrna's brick & mortar dealers and 3.9% of Q4 revenues came from sales to Law Enforcement. This brought Byrna's 2020 full fiscal year sales to $16.7 million, an 1,800% increase from Byrna's 2019 fiscal full year sales of $924,000.
For the full year, launchers represented 80% of Byrna's global sales with ammunition, accessories and apparel representing the other 20%. Given Byrna's razor / razor blade model, it is expected that as Byrna's installed user base grows, the percentage of sales derived from the high margin ammo and accessories category will continue to grow, ultimately reaching approximately 50% of total sales.
Production for the quarter totaled 35,799 units (including 4,945 units produced in Ft. Wayne Indiana), up from 14,874 units in Q3. This brought productionforthefullfiscalyear2020to55,777units. WithboththeSouthAfricanandFt.Waynefacilitiesnowinoperation,Byrnacurrentlyhasthe capacity to produce more than 150,000 units per quarter, or more than 600,000 units per year.
Aspreviouslyannounced,theincreaseinproductionallowedByrnatofillsubstantiallyalllauncherbackordersfromQ3. TheCompanyexpectstofillthe remaining 14,400 back orders from Q4, which total more than $6.8 million, by early to mid-January. The 14,400 unit backlog ($6.8 million) at the end of fiscal year 2020 is down from a backlog of 23,300 units ($10.4 million) at the end of the third quarter.
Bryan Ganz, CEO of Byrna, stated, "We are extremely pleased with our fourth quarter results. 2020 was a transformative year for Byrna as the Company grew both sales and production by well over 1,000% and built out the infrastructure needed to sustain its current growth trajectory. Byrna was able to produce these record results despite being capacity constrained for much of the year. More importantly, demand for the Company's flagship product, the Byrna HD, has only continued to grow as the Company builds brand awareness. Increasingly, Byrna is becoming the answer for both law enforcement and consumers that are looking for a safe and effective less-lethal self-defense solution."
Mr. Ganz continued, "I am very proud of our team and the way they rose to the occasion this year, expanding production from less than 100 units per day at the beginning of the year to more than 1,000 units per day by the end of the year. Now that we are no longer capacity constrained, we are re- starting our advertising campaign, which was suspended in June of 2020 after the surge in sales overtook our production capabilities. We will also start filling dealer orders this week so that our more than 300 dealers will have inventory for the holiday shopping season. As a result, we expect to see continued sequential quarterly growth and we are confident that the upcoming fiscal first quarter of 2020 will be another record quarter for Byrna. For the full fiscal year 2021, we expect sales to be a multiple of our 2020 full year sales."
In conclusion, Mr. Ganz remarked, "I want to thank the more than 45,000 members of Byrna Nation, along with our suppliers, associates, dealers and investors for their patience and support this year and for believing in Byrna and our mission of saving lives. We could not have done this without you."
this is a gift.
no keeping this beach ball down for long.
well said.