This stock is one of several featured in our latest research. For more small-cap opportunities with asymmetric return potential, read our free article: 10 High-Potential Small-Caps With Market Cap Under $1B. We came across a bullish thesis on Byrna Technologies Inc. on Shareholdersunite Essentials’s Substack by Shareholdersunite. In this article, we will summarize the bulls’ thesis on BYRN. Byrna Technologies Inc.'s share was trading at $22.60 as of October 3rd. BYRN’s trailing and forward P/E were 35.32 ...

Industry Overview - The Technology Services industry ranks within the top 24% of Zacks Ranked Industries and is expected to outperform the market over the next three to six months, having rallied 32.9% year to date [1] - The industry is mature with strong demand for services, and this momentum is likely to continue into the fourth quarter of 2025 [1][3] Market Trends - The global shift toward digitization is creating opportunities in markets such as 5G, blockchain, and artificial intelligence (AI) [3] - Companies are rapidly adopting generative AI, machine learning (ML), blockchain, and data science to gain competitive advantages [3] - There is robust demand for multi-cloud-enabled software solutions as businesses transition from legacy platforms to modern cloud-based infrastructure [3] Company Highlights AppLovin Corp. (APP) - AppLovin is a leading technology platform for mobile app developers, enhancing marketing and monetization efforts [7][8] - The Axon 2.0 AI engine has significantly boosted ad performance, leading to a $10 billion annual run rate in ad spend [9] - AppLovin targets a 20-30% year-over-year growth rate, primarily driven by its gaming segment and AI-driven ad monetization [11] - Expected revenue and earnings growth rates for the current quarter are 15.2% and 63.6%, respectively [12] Skillsoft Corp. (SKIL) - Skillsoft provides digital learning and talent solutions, focusing on a learner-centric approach [13] - Expected revenue and earnings growth rates for the next quarter are -2% and -53.1%, respectively, but earnings estimates have improved over 100% in the last 30 days [14] Acuity Inc. (AYI) - Acuity manufactures lighting fixtures and related components, with a focus on energy efficiency and smart building solutions [15][17] - Expected revenue and earnings growth rates for the current quarter are 19.5% and 12.3%, respectively [17] Byrna Technologies Inc. (BYRN) - Byrna develops non-lethal technology products for personal and professional security [18] - Expected revenue and earnings growth rates for the current quarter are 21.3% and -23.5%, respectively [19] MediaAlpha Inc. (MAX) - MediaAlpha specializes in programmatic technology platforms for vertical search and metasearch [20] - Expected revenue and earnings growth rates for the current quarter are -8.1% and over 100%, respectively [20]

Investors might want to bet on Byrna Technologies Inc. (BYRN) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation betwee ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, Oct. 14th:HudBay Minerals (HBM) : This mining company, which is engaged in discovery, production and marketing of base metals in North and Central America, has a Zacks Rank #1 (Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5% over the last 60 days.HudBay Minerals' shares gained 67.9% over the last three month compared with the S&P 500’s gain of 6.1%. The ...

Shares of Byrna Technologies Inc. (BYRN) have gained 22.8% over the past four weeks to close the last trading session at $24.59, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $40.63 indicates a potential upside of 65.2%.The mean estimate comprises four short-term price targets with a standard deviation of $3.73. While the lowest estimate of $37.50 indicates a 52.5% increase fr ...

Core Insights - The article emphasizes the investment philosophy focused on small cap companies, highlighting the importance of identifying mispriced securities through understanding financial drivers and utilizing DCF model valuation [1] Investment Philosophy - The investment approach is not confined to traditional categories such as value, dividend, or growth investing, but rather considers all prospects of a stock to assess risk-to-reward [1]

Core Insights - Byrna Technologies Inc. has been recognized for its strong financial performance and strategic initiatives, with a price target of $40 set by Roth Capital, indicating a potential upside of approximately 40.9% from its current trading price of $28.39 [1] Financial Performance - In Q3 2025, Byrna reported an earnings per share (EPS) of $0.09, exceeding the Zacks Consensus Estimate of $0.05, resulting in an 80% earnings surprise compared to the previous year's EPS of $0.04 [2][6] - The company's revenue for the quarter ending August 2025 was $28.18 million, slightly below the Zacks Consensus Estimate by 0.07%, but representing a significant 35% increase from $20.85 million in the same quarter last year [3][6] Strategic Initiatives - Byrna has launched a new AI advertising workstream, which has expanded its advertising reach cost-effectively, positioning the company for an anticipated revenue growth of 35-40% for fiscal year 2025 [4][6] - The company has increased its retail presence, with products now available in over 1,000 big-box store locations nationwide, contributing to its revenue growth [3] Market Performance - The stock of Byrna Technologies has shown volatility, trading between $28.35 and $30.61 during the day, with a yearly high of $34.78 and a low of $13.51 [5] - As of the latest data, the stock price is $29.50, reflecting a 6.77% increase, with a market capitalization of approximately $669.76 million [4]

Core Insights - Byrna Technologies Inc. is positioned as a promising defense stock with recent strategic board appointments aimed at growth and market expansion [1][2]. Group 1: Board Appointments - The company appointed Adam Roth, former VP of North America Marketing at Nike, and TJ Kennedy, a veteran in public safety technology, to its Board of Directors [2]. - These appointments are expected to enhance Byrna's capabilities in go-to-market execution, brand building, and public safety technology leadership [2][3]. - The Chairman of the Board, Herbert Hughes, emphasized that these appointments reflect Byrna's ability to attract high-caliber board members, which will be crucial for expanding its presence in consumer, private security, and law enforcement markets [3]. Group 2: Market Performance - Following the board appointments on September 9, Byrna Technologies Inc.'s stock has increased by 15% [3]. - The company specializes in manufacturing less-lethal equipment and munitions for personal security, private security firms, and law enforcement agencies [3].

Core Insights - Byrna Technologies Inc. reported an earnings per share (EPS) of $0.09, exceeding the estimated $0.05 and showing a significant year-over-year improvement from $0.04 EPS [1][6] - The company's quarterly revenue was $28.18 million, slightly below the estimated $28.20 million but representing a substantial increase from $20.85 million in the same period last year [2][6] Financial Performance - Byrna's earnings surprise was 80%, indicating strong performance relative to expectations [1] - The price-to-earnings (P/E) ratio is approximately 37.81, while the price-to-sales ratio stands at about 5.46, reflecting the market's valuation of the company's earnings and revenue [4] - The enterprise value to sales ratio is around 5.42, suggesting the company's total valuation relative to its sales [4] Liquidity and Capital Structure - The company maintains a strong liquidity position with a current ratio of about 4.21, indicating ample resources to cover short-term liabilities [5] - The debt-to-equity ratio is relatively low at 0.039, pointing to a conservative use of debt in its capital structure [5] - However, Byrna faces challenges in generating cash flow from operations, as indicated by a negative enterprise value to operating cash flow ratio of approximately -141.64 [5] Strategic Initiatives - Byrna has launched a new AI advertising workstream, enhancing its ability to produce professional-quality commercials cost-effectively [3] - The company has significantly expanded its retail footprint, now exceeding 1,000 stores nationwide, which is a key component of its strategy to bolster market presence and fuel future growth [3][6]

Financial Data and Key Metrics Changes - Net revenue for Q3 2025 was $28.2 million, a 35% increase from $20.9 million in Q3 2024, driven by strong chain store and dealer sales [4][5] - Gross profit for Q3 2025 was $16.9 million, or 60% of net revenue, compared to $13 million, or 62% of net revenue for Q3 2024 [4][5] - Net income for Q3 2025 was $2.2 million, up from $1 million in Q3 2024, attributed to increased product sales [5] - Adjusted EBITDA totaled $3.7 million, up from $1.9 million for Q3 2024 [6] - Cash and cash equivalents totaled $9 million at August 31, 2025, down from $25.7 million at November 30, 2024, reflecting seasonal working capital timing [6] Business Line Data and Key Metrics Changes - The Byrna SD launcher accounts for about 50% of sales, while the Byrna Compact Launcher represents around 30% of sales [15] - Operating expenses for Q3 2025 were $14.1 million, compared to $12.2 million for Q3 2024, driven by increased selling expenses and marketing investments [5] Market Data and Key Metrics Changes - The company expanded its retail presence to over 1,000 stores nationwide, contributing to increased brand awareness and sales [11] - Average daily web sessions on Byrna.com increased from 33,000 to over 50,000, with September averaging 58,000 sessions per day [8][9] Company Strategy and Development Direction - The company is focusing on expanding its product offerings beyond less lethal weapons, integrating SOS alert capabilities with its launchers and sprays [17][19] - Plans to introduce a value-oriented 61-caliber launcher in 2026 to target budget-minded consumers [23] - The company aims to enhance its retail model and explore flagship markets for potential new stores [14] Management's Comments on Operating Environment and Future Outlook - Management expects full-year fiscal 2025 revenue growth to be between 35% and 40%, supported by strong sales momentum and holiday shopping [25] - The company anticipates that inventory levels will normalize after the peak season [7] - Management is optimistic about the potential for sustained multi-year growth, leveraging new advertising programs and expanded retail footprint [26] Other Important Information - The company has no current or long-term debt, and accounts receivable increased to $8.9 million, driven by higher dealer sales [6] - Inventory at August 31, 2025, totaled $34.1 million, reflecting strategic builds ahead of the holiday season [7] Q&A Session Summary Question: Thoughts on adding new influencers - The company has expanded its celebrity influencer campaign and is looking to bring on new brand ambassadors to reach a broader demographic [30] Question: Update on the lower price point unit - The next new launcher will be a value-oriented 61-caliber launcher, expected to launch next year, but the basic box configuration has not been as popular as anticipated [32] Question: ByrnaCare adoption status - ByrnaCare adoption is in line with expectations, with plans to enhance website integration for better sales [34] Question: Advertising campaign success and conversion rates - The company is seeing increased web traffic but acknowledges that conversion rates will take time to catch up [40][42] Question: Channel mix expectations for Q4 - Strong dealer and chain store sales are expected to continue, with DTC channels anticipated to be a higher percentage of overall sales [43] Question: Expense leverage in the model - The company expects to maintain expense leverage, although some additional marketing expenses will be incurred in Q4 [45] Question: Update on wholesale expansion - The company is focused on optimizing existing retail partnerships rather than aggressively expanding the number of stores [54][55] Question: Timeline for SOS alert technology - The connected safety platform is expected to be commercially available next year, with phased releases of various products [57]