Core Viewpoint - Byrna Technologies Inc. (BYRN) has seen a 5.7% increase in stock price over the past four weeks, closing at $20.43, with a mean price target of $36.17 indicating a potential upside of 77% [1] Price Targets and Analyst Estimates - The mean estimate consists of three short-term price targets with a standard deviation of $2.75, where the lowest estimate of $33 suggests a 61.5% increase, and the highest estimate of $38 indicates an 86% surge [2] - A low standard deviation signifies strong agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [8] Earnings Estimates and Analyst Optimism - Analysts show strong agreement in revising earnings estimates higher, which correlates with potential stock price increases [10] - Over the last 30 days, two earnings estimates for BYRN have increased, leading to a Zacks Consensus Estimate rise of 11.3% [11] Zacks Rank and Investment Potential - BYRN holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [12]

Financial Data and Key Metrics Changes - Net revenue for Q1 2025 was $26.2 million, a 57% increase from $16.7 million in Q1 2024, driven by sales momentum, channel expansion, and broader brand adoption [7][11] - Gross profit for Q1 2025 was $15.9 million, or 61% of net revenue, compared to $9.6 million, or 58% of net revenue for Q1 2024, indicating improved gross margin [9] - Net income for Q1 2025 was $1.7 million compared to $17,000 for Q1 2024, reflecting an overall increase in product sales [11] - Adjusted EBITDA for Q1 2025 totaled $2.8 million compared to $1.2 million for Q1 2024 [12] Business Line Data and Key Metrics Changes - Direct-to-consumer revenues increased by $6.7 million through Burna.com and Amazon, with Amazon sales growing at a faster rate than Burna.com sales [7][8] - Sales to dealers increased by $1.9 million, or 78%, with significant contributions from chain stores, particularly Bass Pro Shops [9] Market Data and Key Metrics Changes - Amazon sales represented 26.9% of Burna's total direct-to-consumer sales in Q1 2025, up from 19.3% in Q1 2024, and climbed to 32.6% in March 2025 [17][18] - The company has seen improved daily sales trends in February and March compared to January, despite general market softness [15] Company Strategy and Development Direction - The company is focusing on expanding its retail presence through partnerships, such as the store-within-a-store program with Sportsman's Warehouse, which has expanded to 54 locations [23][24] - The upcoming launch of the compact launcher is expected to drive significant sales growth, with a production goal of over 25,000 units before the official release [54][59] - The company is transitioning its supply chain to domestic suppliers, which is expected to enhance quality control and reduce costs associated with inventory in transit [33][44] Management's Comments on Operating Environment and Future Outlook - Management anticipates that Q1 2025 was the low point for revenues in the year, with expectations for sequential growth in subsequent quarters driven by the new compact launcher [75] - The company is well-positioned to offset the impact of increased tax rates and tariffs through gross margin expansion and disciplined operating expense management [60] Other Important Information - The company has initiated production of its payload rounds at a new facility in Fort Wayne, Indiana, with an annual capacity of 8 million rounds [46] - The compact launcher is designed to appeal to a broader market, including women, due to its smaller size and ease of use [52] Q&A Session Summary Question: Can you provide insights on early sales trends for Q2 and ROAS management? - Management noted that ROAS is typically lower in the early part of the year, with expectations to focus on existing customer sales for the new compact launcher, reducing advertising spend until later in the year [66][67] Question: What is the rollout plan for the new compact launcher? - The company plans to have 25,000 to 30,000 units ready before the launch, with dealer orders starting to be fulfilled by April 21, leading up to the public release on May 1 [70][73] Question: What are the current operational stores and learnings from the Sportsman's partnership? - Currently, one store is operational, with 13 more set to open by May 1, and the company is optimistic about leveraging Sportsman's existing foot traffic to drive sales [80][82] Question: What is the MSRP for the new compact launcher compared to existing products? - The MSRP for the new compact launcher will be $549.99, compared to $479.99 for the LE and $379 for the SD [94] Question: Will the new compact launcher have different ammo margins? - The new 61 caliber ammo will have similar pricing and margins as existing products, with no significant cost differences anticipated [96]

Byrna Technologies Inc. (BYRN) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 250%. A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced earnings of $0.17, delivering a surprise of 240%.Over the last four quarters, the comp ...

Financial Performance - Total revenue for the three months ended February 28, 2025, was $26.19 million, a 57.3% increase from $16.65 million for the same period in 2024[44]. - E-commerce revenue (direct to consumers) reached $20.16 million, up 53.7% from $13.10 million in the prior year[44]. - Wholesale revenue (dealer/distributors) increased to $6.03 million, a 69.5% rise from $3.55 million in the previous year[44]. - For the three months ended February 28, 2025, the Company recorded net income of $1.662 million, compared to $17,000 for the same period in 2024[64]. - The Company reported total revenue of $26.190 million for the three months ended February 28, 2025, up from $16.654 million for the same period in 2024, representing a year-over-year increase of approximately 57.5%[83]. Advertising and Expenses - For the three months ended February 28, 2025, the company recorded advertising costs of approximately $4.0 million, compared to $2.8 million for the same period in 2024, representing a 42.9% increase[32]. - Total stock-based compensation expense for the three months ended February 28, 2025, was $0.8 million, a decrease from $0.9 million in the same period in 2024[57]. - Stock-based compensation expense for options granted was $0.4 million for both the three months ended February 28, 2025, and February 29, 2024[61]. - The total lease cost for the three months ended February 28, 2025, was $200,000, compared to $160,000 for the same period in 2024[77]. Assets and Investments - As of February 28, 2025, the total fair value of marketable debt securities was $15.954 million, up from $20.208 million as of November 30, 2024, indicating a decrease of 21.2%[28]. - The company classified its investments as available-for-sale, with total marketable securities valued at $11.620 million as of February 28, 2025[25]. - The Company loaned $1.6 million to Byrna LATAM in January 2023, with quarterly reviews to assess the need for credit loss estimates based on various financial factors[88]. - The Company's marketable debt securities include U.S. Treasury Securities and Corporate Bonds, with an investment policy that limits exposure to any one type of investment and requires a minimum rating of AA-/Aa3[89]. Liabilities and Revenue Recognition - The balance of deferred revenue decreased to $0.5 million as of February 28, 2025, down from $2.7 million in the prior year[42]. - The total allowance for expected credit losses was less than $0.1 million as of February 28, 2025, compared to $0.6 million in the same period last year[40]. - Accounts receivable as of February 28, 2025, was $2.9 million, consistent with the previous periods[39]. Ownership and Equity - The company acquired a 51% ownership interest in Byrna LATAM for $0.5 million in January 2023, which was later sold for $1 on August 19, 2024[29][30]. - The loan to Byrna LATAM was amended to a fixed amount of $1,431,112 plus accrued interest of $203,373, totaling $1,634,485, with repayment starting on August 19, 2025[31]. - The Company had 818,033 unvested and outstanding RSUs as of February 28, 2025, down from 915,230 as of November 30, 2024[60]. - The weighted-average number of shares used in computing diluted net income per share increased to 24,098,635 for the three months ended February 28, 2025, from 22,838,827 in the prior year[64]. Regulatory and Accounting Changes - The company anticipates that the adoption of ASU 2023-07 will not have a material impact on its consolidated financial statements[19]. - The company is currently evaluating the effect of ASU 2023-09 on its financial statements and disclosures, which is required to be effective for fiscal years beginning after December 15, 2024[20]. Foreign Operations - The Company recorded a translation adjustment loss of $0.1 million related to the South African rand during the three months ended February 28, 2025[85]. - The Company's South African subsidiary revenues, cost of goods sold, operating costs, and capital expenditures are denominated in South African rand, leading to increased volatility in sales and net earnings when translated into U.S. dollars[86]. Other Financial Metrics - The Company recorded interest income related to the loan receivable of less than $0.1 million for the three months ended February 28, 2025[31]. - Future lease payments under non-cancelable operating leases total $3.006 million as of February 28, 2025[78]. - The Company recorded an income tax expense of $0.1 million for the three months ended February 28, 2025, with an effective tax rate of 6.4%[80]. - The Company had deposits of $3.7 million with vendors for machinery and equipment as of February 28, 2025[47]. - Inventory increased to $23.18 million as of February 28, 2025, from $19.97 million as of November 30, 2024[45].

Revenue Growth - Byrna Technologies reported preliminary revenue of $26.2 million for Q1 2025, a 57% increase from $16.7 million in Q1 2024[2]. - E-commerce sales contributed $19.4 million, accounting for 74% of total sales, with a 53% year-over-year increase[3]. - Dealer sales rose by $1.9 million year-over-year, indicating strong growth in this channel[3]. - Byrna's marketing strategies and increased production levels at its Fort Wayne factory were key drivers of revenue growth[2]. - The company experienced only a 6% sequential decrease in sales from its strongest quarter, demonstrating resilience in a traditionally slow period[4]. Production and Supply Chain - The company produced a record 68,916 launchers in Q1 2025, representing a 219% increase compared to the same quarter last year[3]. - The company plans to transition most of its supply chain to the United States in 2025, reducing tariff exposure and reinforcing domestic manufacturing[7]. Product Development and Partnerships - Byrna's new product, the Compact Launcher, and partnerships with celebrity influencers are expected to support continued growth throughout 2025[5]. - Byrna's retail store presence is expanding, including a partnership with Sportsman's Warehouse[5]. Future Outlook - The company anticipates reporting full financial results for Q1 2025 in April, followed by a conference call for investors and analysts[8].

Q1 Revenue Grows 57% Year-Over-Year to $26.2 Million as Byrna Introduces New Retail Channels and Ramps U.S. ManufacturingANDOVER, Mass., April 10, 2025 (GLOBE NEWSWIRE) -- Byrna Technologies Inc. (“Byrna” or the “Company”) (Nasdaq: BYRN), a personal defense technology company specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions, today reported select financial results for its fiscal first quarter (“Q1 2025”) ended February 28, 2025. Fiscal First Quarte ...

Core Viewpoint - Byrna Technologies Inc. is expected to report a year-over-year decline in earnings despite higher revenues, with the actual results being crucial for stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is anticipated to show earnings of $0.02 per share, reflecting a 50% decrease year-over-year, while revenues are projected to be $26.15 million, representing a 57.1% increase from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 12.5% higher in the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, which complicates predictions of an earnings beat [10][11]. Historical Performance - Byrna Technologies has consistently beaten consensus EPS estimates in the past four quarters, with a notable surprise of +240% in the last reported quarter [12][13]. Market Reaction Factors - The stock's movement may not solely depend on earnings results, as other factors can influence investor sentiment and stock performance [14][16].

ANDOVER, Mass., March 27, 2025 (GLOBE NEWSWIRE) -- Byrna Technologies Inc. ("Byrna" or the "Company") (NASDAQ:BYRN), a personal defense technology company specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions, will hold a conference call on Thursday, April 10, 2025 at 9:00 a.m. Eastern time to discuss its financial results for the fiscal first quarter ended February 28, 2025. Financial results will be issued in a press release prior to the call. Byrna m ...

Core Viewpoint - Byrna Technologies Inc. has experienced a significant stock price decline of 39% over the past three months, contrasting with a 2.7% decline in the broader industry, indicating potential challenges in the small-cap service provider sector [1] Company Performance - Byrna achieved a record $28.0 million in sales for Q4 of fiscal 2024, driven by a successful celebrity endorsement program that yielded over 5X return on ad spend [3] - The company reported a remarkable 79% year-over-year sales growth for Q4, with net income improving from a loss of $0.8 million to a profit of $9.7 million, marking a $10.5 million increase [4] Growth Initiatives - Byrna is ramping up production, increasing launcher production by 33% to 24,000 units per month to meet rising market demand [5] - The company is expanding its retail presence and strengthening its footprint in Latin America through partnerships with law enforcement [6][7] Financial Health - Byrna's return on equity (ROE) stands at 15.39%, significantly higher than the industry average of 5.44%, indicating effective management and strong profitability [9] - The company has a robust liquidity position with a current ratio of 3.3, compared to the industry's 0.1, providing financial flexibility for growth investments [10] Future Outlook - Sales are projected to grow by 29.4% in fiscal 2025 and 17.2% in fiscal 2026, with the Zacks Consensus Estimate for fiscal 2025 earnings at 31 cents, remaining flat year-over-year [11][14] - Recent upward revisions in earnings estimates for fiscal 2025 and 2026 suggest a positive outlook, with a 10.7% increase for 2025 and a 29% increase for 2026 [16][17] Investment Potential - Byrna is positioned as a compelling growth investment due to its strong brand momentum, expanding market presence, and strategic initiatives [18][19] - The company is recognized with a Zacks Rank 1 (Strong Buy), indicating strong indicators of continued success and growth potential [20]

Industry Overview - The technology services industry is maturing with strong demand for services, and revenues, income, and cash flows are expected to gradually return to pre-pandemic levels, supporting stable dividends for industry players [2][3] - The global shift towards digitization is creating opportunities in markets such as 5G, blockchain, and artificial intelligence (AI), with the U.S. positioned for growth in smart technologies and security investments [4] - Companies are rapidly adopting generative AI, machine learning (ML), and data science to gain competitive advantages, with generative AI projected to grow at a 42% CAGR over the next decade, reaching a $1.3 trillion market by 2032 [5] Company Highlights Byrna Technologies Inc. (BYRN) - Byrna Technologies specializes in less-lethal self-defense technology, offering products like handheld personal security devices and shoulder-fired launchers [8][9] - The average short-term price target for BYRN shares indicates a potential increase of 93.2% from the last closing price of $19.03, with a target range of $33-$38 [11] - Expected revenue growth rate for BYRN is 29.4% for the current year, with earnings growth projected at 0% [12] LiveRamp Holdings Inc. (RAMP) - LiveRamp operates as a marketing technology company, providing data foundation and digital transformation services [13][14] - The average short-term price target for RAMP shares suggests a potential increase of 53.3% from the last closing price of $27.15, with a target range of $25-$50 [16] - Expected revenue and earnings growth rates for LiveRamp are 8.7% and 34.3%, respectively, for the next year [17] Dave Inc. (DAVE) - Dave offers various financial products, including personal financial management tools and digital banking services [18][19] - The average short-term price target for DAVE shares indicates a potential increase of 44.5% from the last closing price of $87.79, with a target range of $110-$142 [21] - Expected revenue and earnings growth rates for Dave are 22.3% and 26.9%, respectively, for the current year [21] Smiths Group plc (SMGZY) - Smiths Group operates in industrial technology across multiple segments, including mechanical seals and detection systems [22][23] - The average short-term price target for SMGZY shares suggests a potential increase of 19.7% from the last closing price of $26.18, with a target range of $32-$32 [25] - Expected revenue and earnings growth rates for Smiths Group are 14.4% and 12.8%, respectively, for the current year [26] UiPath Inc. (PATH) - UiPath provides an automation platform with robotic process automation solutions, incorporating AI and ML capabilities [27][28] - The average short-term price target for PATH shares indicates a potential increase of 10.8% from the last closing price of $10.82, with a target range of $10-$15 [29] - Expected revenue growth rate for UiPath is 6.8%, while earnings are projected to decline by 7.6% for the current year [30]