Core Insights - Byrna Technologies Inc. reported preliminary Q2 results with revenues of $28.5 million, marking a 41% year-over-year increase [1] Financial Performance - The revenue growth of 41% indicates strong performance compared to the previous year [1]

Core Viewpoint - Byrna Technologies Inc. will hold a conference call on July 10, 2025, to discuss its financial results for the fiscal second quarter ended May 31, 2025 [1] Group 1: Conference Call Details - The conference call is scheduled for Thursday, July 10, 2025, at 9:00 a.m. Eastern time [2] - Participants can join the call using a toll-free dial-in number or an international dial-in number, with a conference ID provided [2] - The call will be broadcast live and available for replay on Byrna's website [3] Group 2: Company Overview - Byrna Technologies specializes in developing, manufacturing, and selling innovative less-lethal personal security solutions [4] - The company produces the Byrna SD personal security device, which is a handheld CO2 powered launcher designed as a less-lethal alternative to firearms [4] - Byrna's products are targeted at consumers, private security, and law enforcement markets [4]

Company Overview - Byrna has sold over 500,000 launchers in the last 5 years[18] - The company has over 500 dealer locations[18] - Byrna has 180 US employees[18] Market Opportunity - The US consumer market presents a total addressable market of $250 billion, divided between gun owners ($100 billion) and non-gun owners ($150 billion)[22] - The company is targeting a penetration of 5% of non-gun owners and 10% of gun owners, representing a potential market of approximately $17.5 billion[22] - The company has 285,000 unique e-commerce customers[20] Financial Performance - The company's revenue increased from $42.644 million in 2023 to $85.756 million in 2024[45] - Gross profit increased from $23.647 million in 2023 to $52.772 million in 2024[45] - The company achieved net income of $12.792 million in 2024, compared to a net loss of $8.192 million in 2023[45] - Adjusted EBITDA increased from a loss of $2.001 million in 2023 to a profit of $11.478 million in 2024, representing an Adjusted EBITDA margin of 13.4%[45] - Total DTC orders increased by 72% from $14.707 million in Q4 2023 to $25.289 million in Q4 2024[40] - Total revenue increased by 79% from $15.640 million in Q4 2023 to $27.979 million in Q4 2024[40] Growth Strategy - The company is expanding its retail presence with flagship stores, including locations in Scottsdale, AZ, Franklin, TN, and Salem, NH, with a Las Vegas store already generating over $1 million in revenue with a 30% contribution margin[43]

Core Viewpoint - Byrna Technologies Inc. (BYRN) has seen a 16.8% increase in share price over the past four weeks, closing at $28.79, with a potential upside of 26.8% based on Wall Street analysts' mean price target of $36.50 [1] Group 1: Price Targets and Analyst Estimates - The mean price target consists of three short-term estimates with a standard deviation of $3.12, indicating a range of potential outcomes; the lowest estimate suggests a 14.6% increase to $33, while the highest predicts a 35.5% surge to $39 [2] - Analysts' consensus on earnings estimates has improved, with a positive trend in revisions indicating potential upside for BYRN, as historical data shows a strong correlation between earnings estimate revisions and stock price movements [4][11] - The Zacks Consensus Estimate for the current year has increased by 1.5% due to one upward revision and no negative revisions in the last 30 days, reflecting growing optimism among analysts [12] Group 2: Analyst Behavior and Price Target Reliability - Analysts often set overly optimistic price targets due to business incentives, which can mislead investors; empirical research suggests that price targets rarely indicate actual stock price movements [7][8] - A low standard deviation in price targets indicates a high degree of agreement among analysts regarding the stock's price direction, serving as a starting point for further research into fundamental drivers [9] - While price targets should not be the sole basis for investment decisions, they can provide useful directional guidance when considered alongside other factors [10][13]

Core Viewpoint - Byrna Technologies Inc. (BYRN) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of exceeding expectations [1]. Earnings Performance - Byrna Technologies has a notable track record of surpassing earnings estimates, with an average surprise of 245% over the last two quarters [2]. - In the most recent quarter, the company reported earnings of $0.07 per share against an expectation of $0.02, resulting in a surprise of 250% [2]. - For the previous quarter, Byrna's actual earnings were $0.17 per share compared to a consensus estimate of $0.05, leading to a surprise of 240% [2]. Earnings Estimates and Predictions - Recent earnings estimates for Byrna Technologies have been revised upward, indicating positive sentiment among analysts [5]. - The Zacks Earnings ESP (Expected Surprise Prediction) for Byrna is currently positive, suggesting a strong likelihood of an earnings beat [5][8]. - The company has an Earnings ESP of +55.56%, reflecting increased analyst optimism regarding its near-term earnings potential [8]. Zacks Rank and Predictive Power - Byrna Technologies holds a Zacks Rank of 2 (Buy), which, when combined with a positive Earnings ESP, enhances the probability of another earnings beat [8]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced positive surprises nearly 70% of the time [6]. Importance of Earnings ESP - The Earnings ESP metric compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate being more reflective of recent analyst revisions [7]. - A negative Earnings ESP does not necessarily indicate an earnings miss, but it does reduce predictive power [8].

Company Overview - Byrna Technologies Inc. (BYRN) currently has a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company holds a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, BYRN shares have increased by 17.59%, significantly outperforming the Zacks Technology Services industry, which rose by 2.06% [5] - In a longer time frame, BYRN's shares have appreciated by 45.88% over the past month, compared to the industry's 1.39% [5] - Over the last quarter, BYRN shares have surged by 50.36%, and over the past year, they have gained an impressive 183.45%, while the S&P 500 has only moved 4.9% and 13.46% respectively [6] Trading Volume - The average 20-day trading volume for BYRN is 414,834 shares, which serves as a useful baseline for price-to-volume analysis [7] Earnings Outlook - In the past two months, two earnings estimates for BYRN have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $0.31 to $0.35 [9] - For the next fiscal year, one estimate has moved upwards with no downward revisions during the same period [9] Conclusion - Considering the positive performance metrics and earnings outlook, BYRN is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]

Byrna Technologies Inc. - Byrna Technologies Inc. (BYRN) shares increased by 18% to $31.35 in the last trading session, with a higher-than-average trading volume [1] - The stock has gained 17.4% over the past four weeks, driven by record-setting revenue expectations announced in the company's 2Q25 preliminary results, reflecting a 41% year-over-year increase [1] - The consensus EPS estimate for the upcoming report is $0.04 per share, indicating a year-over-year decline of 69.2%, while revenues are expected to reach $26 million, up 28.3% from the previous year [2] - The consensus EPS estimate has remained unchanged over the last 30 days, suggesting that the stock's price movement may not sustain without earnings estimate revisions [3] - Byrna Technologies holds a Zacks Rank of 2 (Buy), indicating positive sentiment towards the stock [3] Parsons Corporation - Parsons Corporation (PSN) finished the last trading session 1.5% higher at $69.07, with a 6.3% return over the past month [3] - The consensus EPS estimate for Parsons has remained unchanged at $0.84, showing no change compared to the previous year [4] - Parsons currently has a Zacks Rank of 4 (Sell), indicating a less favorable outlook compared to Byrna Technologies [4]

Core Insights - Byrna Technologies Inc. reported a 41% year-over-year revenue growth for the fiscal second quarter of 2025, reaching $28.5 million, up from $20.3 million in the same quarter of 2024, driven by the launch of the Byrna Compact Launcher and retail expansion [2][6][8] Revenue Breakdown - E-commerce sales increased by 15% year-over-year, reflecting growing brand recognition and a balanced channel mix [3] - Dealer sales surged by 106% year-over-year to $7.5 million, attributed to the partnership with Sportsman's Warehouse and the introduction of shop-in-shop formats [4][8] - International sales rose by 86%, including approximately $800,000 in royalty revenue from Byrna LATAM, which was negligible in the prior year [5][8] Production and Inventory - Byrna produced 38,237 Compact Launchers in the quarter, contributing to a total of 63,835 launchers manufactured [5] - The company is transitioning to a steady-state production cadence of 15,000 launchers per month to support ongoing demand [7] Management Commentary - Byrna's CEO expressed optimism about the company's ability to generate record revenue despite overall consumer spending softness, attributing success to the CL launch and market expansion [6] - The company plans to maintain momentum through the second half of 2025, supported by partnerships and an expanded influencer roster [7] Upcoming Events - Byrna plans to report full financial results for the fiscal second quarter in July, accompanied by a conference call for investors and analysts [9]

Company Overview - Byrna Technologies Inc. (NASDAQ: BYRN) manufactures and sells "less-lethal self-defense" products aimed at personal security [1] Investment Opportunity - The stock of Byrna Technologies presents a potential buy opportunity for retail value investors looking to protect their portfolios [1]

Core Viewpoint - Byrna Technologies Inc. is experiencing a rebound in its stock performance, with a 17% increase over the past month despite an 11% decline year to date, indicating potential for growth in the small-cap sector [1][2]. Growth and Expansion - Byrna has achieved significant brand visibility through a successful celebrity endorsement program and extensive media coverage, leading to a 57% year-over-year sales growth in Q1 of fiscal 2025, with net income rising from $17,000 to $1.7 million [2][5]. - The company is ramping up production, increasing launcher production by 33% to 24,000 units per month to meet market demand, and is preparing to launch a new Compact Launcher in mid-2025 [3][5]. - Byrna is expanding its retail presence and strengthening its footprint in Latin America through partnerships with law enforcement [4][5]. Strategic Initiatives - Byrna has collaborated with Mexico's Secretaría de Trabajo y Previsión Social to establish a federally certified training program for civilians to legally carry Byrna devices, enhancing its market reach [5]. - The company is shifting ammunition production domestically to improve product margins and is expected to drive growth through 2025 and beyond [5]. Financial Performance - Byrna's return on equity (ROE) stands at 16.96%, significantly outperforming the industry average of 5.51%, indicating effective management and strong profitability [8]. - The company's liquidity position is robust, with a current ratio of 4 compared to the industry's 1.76, providing financial flexibility for growth investments [9]. Earnings and Sales Projections - The Zacks Consensus Estimate for Byrna's fiscal 2025 earnings is 35 cents, reflecting a 12.9% year-over-year growth, with projected sales growth of 30.2% in fiscal 2025 and 17.5% in fiscal 2026 [11][16]. - Recent upward revisions in earnings estimates further reinforce a positive outlook for the company [16]. 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 well-prepared to capitalize on rising demand with plans for retail expansion, supply chain enhancement, and new product launches, making it an attractive option for investors seeking high growth potential [19].