Byrna Technologies (NASDAQ:BYRN) Announces Quarterly Earnings Results

Byrna Technologies (NASDAQ:BYRN) issued its quarterly earnings results on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01, Zacks reports. The business had revenue of $35.25 million for the quarter, compared to analyst estimates of $34.92 million. Byrna Technologies had a return on equity of 18.13% and a net margin of 14.43%.

Here are the key takeaways from Byrna Technologies’ conference call:

• Strong top-line growth and profitability: Q4 revenue was $35.2M (+26% YoY) and fiscal 2025 revenue was $118.1M (+38% YoY), with adjusted EBITDA rising to $6.0M in Q4 and $16.8M for the year, signaling continued EBITDA profitability despite one-time items.
• Rapid retail expansion driving demand: Byrna expanded its brick‑and‑mortar footprint to >1,500 locations (targeting ~2,000 in 2026), with chain-store programs (notably Sportsman’s Warehouse) and try‑before‑you‑buy initiatives producing >100% growth in store sales and meaningful holiday sell‑throughs.
• Product and manufacturing catalysts to improve margins: New products (CL XL launched at $579.99, Byrna Cam planned mid‑year, later modular launcher) plus onshored ammo production in Fort Wayne and expected manufacturing efficiencies (company cites ~40% lower BOM on the new chassis) are expected to drive gross‑margin improvement to the mid‑60% range over time.
• Near‑term cash and cost pressures: Operating expenses rose to $59.6M and cash declined to $15.5M (from $25.7M) while inventory increased to $32.7M, although management secured a $20M credit facility (including a $15M delayed draw) to support growth and potential acquisitions.

Byrna Technologies Stock Up 7.7%

Shares of NASDAQ BYRN opened at $13.16 on Friday. Byrna Technologies has a twelve month low of $11.13 and a twelve month high of $34.78. The stock has a market cap of $299.13 million, a price-to-earnings ratio of 19.64 and a beta of 2.29. The company’s fifty day moving average is $16.83 and its 200-day moving average is $19.31.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BYRN. Zacks Research cut shares of Byrna Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. Roth Mkm set a $40.00 price target on Byrna Technologies and gave the stock a “buy” rating in a research report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $41.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in Byrna Technologies by 21.3% in the first quarter. Royal Bank of Canada now owns 23,373 shares of the company’s stock valued at $393,000 after acquiring an additional 4,108 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Byrna Technologies by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,305 shares of the company’s stock valued at $174,000 after purchasing an additional 468 shares during the period. Millennium Management LLC increased its stake in Byrna Technologies by 247.9% during the 1st quarter. Millennium Management LLC now owns 326,670 shares of the company’s stock worth $5,501,000 after purchasing an additional 232,770 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Byrna Technologies in the first quarter valued at approximately $173,000. Finally, Strs Ohio bought a new position in Byrna Technologies in the first quarter valued at approximately $113,000. 25.46% of the stock is currently owned by institutional investors.

Trending Headlines about Byrna Technologies

Here are the key news stories impacting Byrna Technologies this week:

• Positive Sentiment: Q4 beat on both EPS and revenue: BYRN reported $0.14 EPS vs. consensus $0.13 and Q4 revenue of $35.25M vs. ~$34.9M expected — evidence of demand resilience. Zacks: BYRN Beats Q4
• Positive Sentiment: Strong full-year growth: Management reported FY2025 revenue up ~38% YoY, supporting a narrative of sustained expansion. GlobeNewswire: FY2025 Results
• Positive Sentiment: Aggressive retail expansion and product-led growth: Byrna expects a 2,000-store footprint addition in 2026 and plans new product launches that could accelerate revenue and retail distribution. MSN: Store Growth & Products
• Positive Sentiment: Management flagging margin expansion and pricing leverage: Company commentary and press pieces note manufacturing scale-ups and selective price increases to meet rising demand, which should boost margins if sustained. MarketWatch: Manufacturing & Pricing
• Neutral Sentiment: Full earnings call/transcript and preview available for deeper detail on guidance and channel dynamics — useful for investors who want model updates and margin cadence. Seeking Alpha: Q4 Call Transcript
• Neutral Sentiment: Analyst consensus remains modest: street expects ~0.28 EPS for the year — beats help near-term sentiment but expectations still conservative. Yahoo Finance: Q4 Highlights
• Negative Sentiment: EPS is still below year-ago levels (prior EPS $0.17), indicating margin/volume mix challenges despite revenue growth — a potential concern for longer-term profit trajectory. MSN: Earnings Preview
• Negative Sentiment: Valuation and volatility risks: BYRN trades with a high beta and is below its 50- and 200-day moving averages, leaving it exposed to sentiment-driven swings despite the positive news. MarketBeat: Stock Data

Byrna Technologies Company Profile

Byrna Technologies, Inc (NASDAQ: BYRN) designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company’s flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO₂-powered variant optimized for close-quarters defense.

In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.