[Preliminary Fiscal Third Quarter 2025 Results](index=1&type=section&id=Preliminary%20Fiscal%20Third%20Quarter%202025%20Results) Byrna Technologies reported record preliminary fiscal third quarter 2025 revenues, driven by strong sales across multiple channels and effective marketing strategies [Preliminary Financial Highlights](index=1&type=section&id=Preliminary%20Third%20Quarter%20Results) Byrna Technologies announced preliminary record fiscal third quarter 2025 revenues of $28.2 million, a 35% increase year-over-year, driven by strong dealer and chain store sales, expanding retail footprint, international growth, and increased brand visibility Preliminary Fiscal Third Quarter Revenue | Metric | Q3 2025 (Preliminary) | Q3 2024 | % Change YoY | | :----- | :-------------------- | :-------- | :----------- | | Total Revenue | $28.2 million | $20.9 million | 35% | - The year-over-year growth was largely driven by strong dealer and chain store sales, expanding retail footprint, international growth, and increasing brand visibility across every segment of the business[2](index=2&type=chunk) [Management Commentary & Strategic Initiatives](index=1&type=section&id=Management%20Commentary) CEO Bryan Ganz highlighted strong growth in dealer, chain store, and international channels, alongside a significant sales spike in late August attributed to an innovative AI-supported marketing approach that dramatically expanded consumer reach and improved online conversion rates - Strong growth observed in dealer and chain store channels, as well as international sales[3](index=3&type=chunk) - A significant sales spike occurred towards the end of August across all domestic channels due to an innovative AI-supported marketing approach, dramatically expanding consumer reach[3](index=3&type=chunk) Average Daily Sessions (July to August) | Platform | July Sessions | August Sessions | % MoM Increase | | :------- | :------------ | :-------------- | :------------- | | Byrna.com | ~36,000 | ~52,000 | 45% | | Amazon | ~15,000 | ~23,000 | - | - Online conversion rate climbed **57%** during the final ten days of August, reaching **0.9%**, which drove sales up **47%** even as sessions held steady[5](index=5&type=chunk) [Sales Channel Performance](index=2&type=section&id=Preliminary%20Fiscal%20Third%20Quarter%202025%20Sales%20Breakdown) The preliminary sales breakdown for Q3 2025 shows significant growth across most channels, with Byrna Dedicated Dealers experiencing a 147% increase and Retail Stores a 250% increase, contributing to the overall 35% revenue growth Preliminary Fiscal Third Quarter 2025 Sales Breakdown | Sales Channel | Q3 2025 ($ in millions) | Q3 2024 ($ in millions) | % Change | | :-------------------------- | :---------------------- | :---------------------- | :------- | | Web | 16.3 | 15.1 | 8% | | Byrna Dedicated Dealers | 7.9 | 3.2 | 147% | | Law Enforcement / Schools / Pvt Security | 0.1 | - | N/A | | Retail Stores | 0.7 | 0.2 | 250% | | International | 3.2 | 2.4 | 33% | | **Total Sales** | **28.2** | **20.9** | **35%** | [Company Outlook and Future Plans](index=1&type=section&id=Company%20Outlook%20and%20Future%20Plans) Byrna anticipates record fourth-quarter revenues driven by strong web engagement and expanded retail presence, with full Q3 financial results to be released in October [Fourth Quarter Expectations](index=1&type=section&id=Fourth%20Quarter%20Expectations) Byrna anticipates setting a new revenue record in the upcoming holiday fourth quarter, buoyed by all-time high web sessions, strong organic search, and an expanded retail presence in over 1,000 chain store locations - Byrna believes it has the potential to set a new revenue record in Q4, driven by strong momentum[6](index=6&type=chunk) - Sessions and organic search are at an all-time high, and Byrna products are now offered in more than **1,000** chain store locations[6](index=6&type=chunk) [Full Financial Results & Conference Call](index=2&type=section&id=Conference%20Call) Byrna plans to release its full fiscal third quarter financial results in October, which will be followed by a conference call to discuss the results and address investor and analyst questions - Full financial results for fiscal Q3 will be reported in October, accompanied by a conference call to discuss results and address questions[8](index=8&type=chunk) [About Byrna Technologies Inc.](index=2&type=section&id=About%20Byrna%20Technologies%20Inc.) Byrna Technologies Inc. is a personal defense technology company specializing in less-lethal security solutions for consumer, private security, and law enforcement markets [Company Overview and Products](index=2&type=section&id=Company%20Overview%20and%20Products) Byrna Technologies Inc. is a personal defense technology company focused on developing, manufacturing, and selling innovative less-lethal personal security solutions, including its Byrna® CL, LE, and SD devices, targeting consumer, private security, and law enforcement markets - Byrna specializes in the development, manufacture, and sale of innovative less-lethal personal security solutions[9](index=9&type=chunk) - Key products include Byrna® CL, Byrna® LE, and Byrna® SD personal security devices, which are state-of-the-art handheld CO2 powered launchers[9](index=9&type=chunk) - The devices are designed to provide a less-lethal alternative to a firearm for the consumer, private security, and law enforcement markets[9](index=9&type=chunk) [Important Disclosures](index=2&type=section&id=Important%20Disclosures) This section outlines the nature of forward-looking statements and enumerates significant risk factors that could impact Byrna's actual financial results [Forward-Looking Statements](index=2&type=section&id=Forward-Looking%20Statements) This section defines forward-looking statements and highlights specific examples within the news release, such as preliminary revenue results, future sales growth expectations, and the potential for record Q4 revenues, while cautioning that these are not guarantees and are subject to significant risks and uncertainties - Forward-looking statements are identified by words such as "plans," "expects," "intends," "anticipates," and "believes," and describe future actions, events, or results[10](index=10&type=chunk) - Examples in this news release include preliminary Q3 2025 revenue, timing of full financial results, expectations for future sales growth, impact of marketing strategies (including AI-driven marketing), and the potential for record Q4 revenues[10](index=10&type=chunk) - Forward-looking statements are not guarantees of future results and are subject to significant risks, uncertainties, and contingencies that may cause actual results to differ materially[10](index=10&type=chunk) [Risk Factors](index=3&type=section&id=Risk%20Factors) The company identifies numerous risk factors that could materially affect actual results, including market responses, supply chain disruptions, product development delays, distribution channel issues, marketing challenges, potential order cancellations, product defects, litigation, and regulatory changes, advising investors to consult the Company's Form 10-K for a comprehensive list - Actual results could differ materially due to factors such as disappointing market responses, supply chain disruptions, product development delays, distribution channel issues, loss of marketing partners, order cancellations, product design defects, litigation, changes in consumer sentiment, and regulatory factors[11](index=11&type=chunk) - Investors are advised to carefully consider these and other relevant factors, including those risk factors in Part I, Item 1A ("Risk Factors") in the Company's most recent Form 10-K[11](index=11&type=chunk) [Investor Relations](index=3&type=section&id=Investor%20Relations) This section provides contact information for investor inquiries through Gateway Group, Inc [Investor Contact Information](index=3&type=section&id=Investor%20Contact) Contact details for investor inquiries are provided through Gateway Group, Inc., including phone numbers and email address - Investor contact is handled by Tom Colton and Alec Wilson at Gateway Group, Inc[12](index=12&type=chunk) - Contact information: **949-574-3860**, BYRN@gateway-grp.com[12](index=12&type=chunk)

Expanding Retail Presence and Dramatic Increase in Web Traffic Drive Strong Momentum for Byrna Heading Into Upcoming Holiday Fourth QuarterANDOVER, Mass., Sept. 04, 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 announced select preliminary financial results for the fiscal third quarter ended August 31, 2025. Pr ...

Editor's note: Seeking Alpha is proud to welcome Arizona Equity Research as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access.My career in the world of investing began at an early age, fueled by the potential for profits, I first began investing at the age of 11 with the help of my father. I first began picking stocks by looking at what was going to logica ...

Byrna.com Sessions Averaged More than 50,000 per Day During First 21 Days of August, the Highest Level in Company History Byrna’s “We Don’t Sell Bananas” AI-Created Commercial Surpasses 66 Million Views ANDOVER, Mass., Aug. 25, 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 announced that its new proprietary AI- ...

Group 1 - Byrna Technologies Inc. (BYRN) is experiencing significant activity in the options market, particularly with the Sept 19, 2025 $15.00 Call showing high implied volatility, indicating potential for a major price movement [1] - Implied volatility reflects market expectations for future stock movement, suggesting that investors anticipate a significant event that could lead to a substantial rally or sell-off [2] - Analysts currently rate Byrna Technologies as a Zacks Rank 3 (Hold) within the Technology Services industry, which is in the top 38% of the Zacks Industry Rank, but there has been no upward revision in earnings estimates for the current quarter, with a consensus estimate dropping from six cents to five cents per share [3][4] Group 2 - The high implied volatility surrounding Byrna Technologies may indicate a developing trading opportunity, as seasoned options traders often seek to sell premium on such options to capture decay, hoping the stock does not move as much as expected by expiration [4]

Forward-Looking Statements ANDOVER, Mass., July 23, 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 announced notable sales momentum across its e-commerce channels during Amazon's Prime Day sale and the July 4th holiday promotional period on Byrna.com. Amazon Prime Day sales increased 28% year-over-year, while By ...

Group 1: Earnings Performance - Byrna Technologies Inc. reported quarterly earnings of $0.1 per share, exceeding the Zacks Consensus Estimate of $0.05 per share, but down from $0.13 per share a year ago, representing an earnings surprise of +100.00% [1] - The company has surpassed consensus EPS estimates in all four of the last quarters [2] - Byrna Technologies posted revenues of $28.51 million for the quarter ended May 2025, slightly above the Zacks Consensus Estimate by 0.02%, and an increase from $20.27 million year-over-year [2] Group 2: Stock Performance and Outlook - Byrna Technologies shares have increased approximately 12.1% since the beginning of the year, outperforming the S&P 500's gain of 6.5% [3] - The future stock price movement will largely depend on management's commentary during the earnings call and the earnings outlook [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.06 on revenues of $26.5 million, and for the current fiscal year, it is $0.35 on revenues of $114.23 million [7] Group 3: Industry Context - The Technology Services industry, to which Byrna Technologies belongs, is currently ranked in the top 21% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked using tools like the Zacks Rank [5][6]

Group 1: Earnings Performance - Byrna Technologies Inc. reported quarterly earnings of $0.1 per share, exceeding the Zacks Consensus Estimate of $0.05 per share, but down from $0.13 per share a year ago, representing an earnings surprise of +100.00% [1] - The company has surpassed consensus EPS estimates in all four of the last quarters [2] - Byrna Technologies posted revenues of $28.51 million for the quarter ended May 2025, slightly above the Zacks Consensus Estimate by 0.02%, and an increase from $20.27 million year-over-year [2] Group 2: Stock Performance and Outlook - Byrna Technologies shares have increased approximately 12.1% since the beginning of the year, outperforming the S&P 500's gain of 6.5% [3] - The future stock price movement will largely depend on management's commentary during the earnings call and the earnings outlook [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.06 on revenues of $26.5 million, and for the current fiscal year, it is $0.35 on revenues of $114.23 million [7] Group 3: Industry Context - The Technology Services industry, to which Byrna Technologies belongs, is currently ranked in the top 21% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked using tools like the Zacks Rank [5][6]

Financial Data and Key Metrics Changes - Net revenue for Q2 2025 was $28.5 million, a 41% increase from $20.3 million in Q2 2024, driven by the launch of the compact launcher and increased sales [5][6] - Gross profit for Q2 2025 was $17.6 million, representing 62% of net revenue, consistent with the previous year [6] - Net income for Q2 2025 was $2.4 million, up from $2.1 million in Q2 2024, attributed to increased product sales [7] - Adjusted EBITDA for Q2 2025 totaled $4.3 million, compared to $2.8 million in Q2 2024 [7][8] - Cash and cash equivalents decreased to $13 million from $25.7 million at the end of November 2024, reflecting planned inventory increases [8] Business Line Data and Key Metrics Changes - Direct-to-consumer revenues increased by $2.2 million through verna.com and amazon.com compared to the prior year [6] - Sales to dealers increased by $3.9 million or 106%, largely due to initial stocking orders for Sportsman's Warehouse [6][11] Market Data and Key Metrics Changes - International sales reached $2.6 million, an 86% increase from the prior year, including a one-time bump in royalties from partners [19] - The company is expanding its presence in new markets, including farming and ranching, with new chains testing Berna products [15] Company Strategy and Development Direction - The company plans to introduce Burna Care, a recurring revenue model for replacing lost or damaged launchers [23][66] - The strategy includes expanding the number of stores carrying Berna products and increasing the range of products offered [15][29] - The company is focusing on enhancing its marketing efforts, including partnerships with celebrity influencers [21][22] Management's Comments on Operating Environment and Future Outlook - Management noted a slowdown in consumer spending but expects continued growth due to increased distribution and brand awareness [9][29] - The company anticipates a growth rate of 25% to 40% for the year, despite market softness [35][36] - Management is optimistic about the performance of company-owned stores, which are already profitable [17][72] Other Important Information - The compact launcher has better margins and is expected to drive sales growth [28] - The company is shifting to a more efficient assembly pod-based manufacturing system to improve production [29] Q&A Session Summary Question: June trends and growth expectations - Management observed a 40% sales increase during civil unrest in June, but noted it was a transitory trend [34][35] Question: Softness in the market - Management indicated signs of softness, including higher abandoned cart rates and consumer price sensitivity [38][39] Question: Expansion with Sportsman's Warehouse - Management clarified that there are currently 22 store-within-a-store locations, with plans to increase to 33 [41][42] Question: Channel mix evolution - Management expects brick-and-mortar sales to grow faster than online, with Amazon outpacing Berna.com [49][51] Question: Recurring revenue model - The Burna Care program will function like an insurance policy, offering coverage for lost or damaged launchers [63][66] Question: Performance of Scottsdale store - The Scottsdale store's success is attributed to its prime location and strong sales personnel [72][74]

Financial Data and Key Metrics Changes - Net revenue for Q2 2025 was $28.5 million, a 41% increase from $20.3 million in Q2 2024, driven by the launch of the compact launcher and increased sales [5][6] - Gross profit for Q2 2025 was $17.6 million, maintaining a gross margin of 62%, compared to $12.6 million and 62% in Q2 2024 [6] - Net income for Q2 2025 was $2.4 million, up from $2.1 million in Q2 2024, attributed to increased product sales [7][8] - Adjusted EBITDA for Q2 2025 totaled $4.3 million, compared to $2.8 million in Q2 2024 [8] - Cash and cash equivalents decreased to $13 million from $25.7 million at the end of Q4 2024, reflecting planned inventory increases [9] Business Line Data and Key Metrics Changes - Direct-to-consumer revenues increased by $2.2 million through verna.com and amazon.com compared to the prior year [6] - Sales to dealers increased by $3.9 million or 106%, largely due to initial stocking orders for Sportsman's Warehouse [6][12] Market Data and Key Metrics Changes - International sales reached $2.6 million, an 86% increase from the prior year, including a one-time bump in royalties from partners [19] - The company is expanding its presence in new markets, including farming and ranching, with new chains testing Berna products [16] Company Strategy and Development Direction - The company plans to introduce Burnet Care, a recurring revenue model for replacing lost or damaged launchers [23] - The strategy includes expanding the number of stores carrying Berna products and increasing the range of products offered [17][30] - The company is focusing on enhancing its marketing efforts, including partnerships with celebrity influencers [21][22] Management's Comments on Operating Environment and Future Outlook - Management noted a slowdown in consumer spending but expects continued growth due to increased distribution channels and product normalization [10][30] - The company anticipates a growth rate of 25% to 40% for the year, despite some market softness [36][37] Other Important Information - The compact launcher has better margins and is expected to drive sales growth, with production adjusted to meet demand [28][29] - The company is shifting to a more efficient assembly pod-based manufacturing system to improve quality and reduce labor requirements [29][30] Q&A Session Summary Question: June trends and growth expectations - Management observed a 40% sales increase during civil unrest in June but noted it was a transitory trend, with a sustained growth expectation of 25% to 40% for the year [34][36] Question: Softness in the market - Management indicated signs of softness, including higher abandoned cart rates and sticker shock at checkout, but expects significant growth despite seasonal slowdowns [40][41] Question: Expansion with Sportsman's Warehouse - Management clarified that there are currently 22 store-within-a-store locations, with plans to increase to 33, and noted that some point-of-sale locations are outperforming shooting pods [42][45] Question: Channel mix evolution - Management expects brick-and-mortar sales to grow faster than online sales, with Amazon continuing to outpace Berna's direct sales [51][54] Question: Recurring revenue model - The upcoming Burnet Care will function like an insurance policy, allowing customers to pay a monthly fee for coverage on their launchers [65][66] Question: Performance of Scottsdale store - The Scottsdale store's success is attributed to its prime location, high traffic, and effective sales personnel, indicating a strong market fit [74][76]