ParaZero Technologies (NASDAQ:PRZO) Releases Quarterly Earnings Results

ParaZero Technologies (NASDAQ:PRZO) posted its earnings results on Wednesday. The company reported ($0.09) earnings per share (EPS) for the quarter, reports. The company had revenue of $0.53 million during the quarter.

ParaZero Technologies Price Performance

Shares of ParaZero Technologies stock opened at $0.82 on Wednesday. The company’s fifty day simple moving average is $0.54 and its two-hundred day simple moving average is $0.74. ParaZero Technologies has a 12-month low of $0.38 and a 12-month high of $1.90.

Analyst Ratings Changes

Separately, Weiss Ratings lowered ParaZero Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, ParaZero Technologies has an average rating of “Sell”.

About ParaZero Technologies

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.