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

Byrna Technologies (NASDAQ:BYRN) announced its quarterly earnings data on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01, Zacks reports. Byrna Technologies had a net margin of 14.43% and a return on equity of 18.13%.

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 Price Performance

NASDAQ BYRN traded up $0.67 during trading on Thursday, reaching $12.89. 1,205,589 shares of the company’s stock were exchanged, compared to its average volume of 560,565. The business has a 50 day moving average price of $16.93 and a 200-day moving average price of $19.35. The stock has a market capitalization of $292.88 million, a P/E ratio of 19.10 and a beta of 2.29. Byrna Technologies has a fifty-two week low of $11.13 and a fifty-two week high of $34.78.

Analyst Ratings Changes

BYRN has been the topic of a number of recent analyst reports. Roth Mkm set a $40.00 target price on Byrna Technologies and gave the stock a “buy” rating in a report on Friday, October 10th. Zacks Research cut Byrna Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Byrna Technologies currently has a consensus rating of “Buy” and a consensus price target of $41.67.

Hedge Funds Weigh In On Byrna Technologies

Several institutional investors and hedge funds have recently modified their holdings of BYRN. Millennium Management LLC lifted its stake in shares of Byrna Technologies by 228.0% during the 3rd quarter. Millennium Management LLC now owns 673,138 shares of the company’s stock worth $14,917,000 after buying an additional 467,932 shares during the last quarter. Invesco Ltd. acquired a new position in Byrna Technologies in the 2nd quarter valued at about $13,079,000. UBS Group AG raised its holdings in Byrna Technologies by 232.6% in the 3rd quarter. UBS Group AG now owns 383,356 shares of the company’s stock valued at $8,495,000 after acquiring an additional 268,108 shares during the period. Alliancebernstein L.P. lifted its position in Byrna Technologies by 621.6% during the third quarter. Alliancebernstein L.P. now owns 132,710 shares of the company’s stock worth $2,941,000 after acquiring an additional 114,320 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Byrna Technologies during the second quarter worth approximately $2,826,000. 25.46% of the stock is currently owned by institutional investors and hedge funds.

About Byrna Technologies

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.