Byrna Technologies (NASDAQ:BYRN) Releases Earnings Results, Beats Expectations By $0.01 EPS

by · The Markets Daily

Byrna Technologies (NASDAQ:BYRN – Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01, Zacks reports. 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 Performance

Shares of BYRN stock traded up $0.65 on Thursday, reaching $12.87. 1,296,760 shares of the company’s stock traded hands, compared to its average volume of 564,256. The company has a market capitalization of $292.54 million, a P/E ratio of 19.27 and a beta of 2.29. Byrna Technologies has a 12-month low of $11.13 and a 12-month high of $34.78. The business’s 50 day moving average price is $16.93 and its two-hundred day moving average price is $19.35.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Zacks Research downgraded 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 objective on Byrna Technologies and gave the stock a “buy” rating in a research note on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $41.67.

View Our Latest Analysis on BYRN

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. raised its holdings in Byrna Technologies by 89.6% during the third quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock valued at $49,000 after buying an additional 1,047 shares in the last quarter. Quarry LP bought a new position in Byrna Technologies in the 3rd quarter worth approximately $70,000. Tower Research Capital LLC TRC grew its stake in shares of Byrna Technologies by 178.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,058 shares of the company’s stock worth $94,000 after acquiring an additional 1,960 shares during the last quarter. Strs Ohio bought a new position in Byrna Technologies during the first quarter worth $113,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Byrna Technologies during the 1st quarter valued at $173,000. Institutional investors own 25.46% of the company’s stock.

About Byrna Technologies

(Get Free Report)

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.

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