ParaZero Technologies (NASDAQ:PRZO) Announces Quarterly Earnings Results

ParaZero Technologies (NASDAQ:PRZO) issued its quarterly earnings data on Thursday. The company reported $0.22 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $0.34 million for the quarter.

ParaZero Technologies Trading Down 6.1%

NASDAQ:PRZO opened at $0.82 on Friday. The business’s 50-day simple moving average is $1.14 and its 200-day simple moving average is $1.30. ParaZero Technologies has a fifty-two week low of $0.53 and a fifty-two week high of $2.15.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ParaZero Technologies in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

ParaZero Technologies Company Profile

ParaZero Technologies (NASDAQ:PRZO) is a provider of safety and risk mitigation systems for unmanned aerial vehicles (UAVs). The company develops integrated flight termination and parachute deployment solutions designed to protect people, property and aircraft in the event of drone failures. Its flagship SafeAir™ product line features automated detection of loss-of-control scenarios, rapid parachute deployment and motor-kill capabilities, enabling safer operations across a range of commercial, industrial and defense applications.

Founded in 2016 and headquartered in Israel, ParaZero has expanded its footprint through partnerships and a network of authorized distributors in North America, Europe and Asia-Pacific.