Byrna Technologies Inc. (NASDAQ:BYRN) Q3 2024 Earnings Conference Call October 9, 2024 9:00 AM ET Company Participants Bryan Ganz - CEO Lauri Kearnes - CFO Conference Call Participants Jeff Van Sinderen - B. Riley Securities Matthew Koranda - ROTH Capital Partners Operator Good morning, and welcome to Byrna's Fiscal Third Quarter 2024 Earnings Conference Call. My name is Kevin, and I'll be your operator for today's call. Joining us for today's presentation are the company's CEO, Bryan Ganz; and CFO, Lauri K ...

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Byrna Technologies Inc. (BYRN) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to loss of $0.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 500%. A quarter ago, it was expected that this company would post a loss of $0.01 per share when it actually produced earnings of $0.13, delivering a surprise of 1,400%. Over the last four quarters, ...

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On October 9, 2024, Byrna Technologies Inc (BYRN, Financial) released its 8-K filing, showcasing a remarkable fiscal third quarter performance. Byrna Technologies Inc, a leader in non-lethal personal security solutions, reported a record revenue of $20.9 million for Q3 2024, a 194% increase from the same period last year, surpassing the analyst estimate of $20.8 million. The company's innovative approach to advertising and strategic operational enhancements have been pivotal in achieving these results. Comp ...

Revenue and Profit Growth - Q3 2024 revenue reached a record $20.9 million, a 194% increase from Q3 2023[1] - Net revenue for the three months ended August 31, 2024, was $20.854 million, a significant increase from $7.085 million in the same period in 2023[18] - Gross profit for the three months ended August 31, 2024, was $13.012 million, compared to $3.158 million in the same period in 2023[18] - Net income for the three months ended August 31, 2024, was $1.025 million, a significant improvement from a net loss of $4.094 million in the same period in 2023[18] - Non-GAAP adjusted EBITDA for the three months ended August 31, 2024, was $1.944 million, compared to a loss of $2.356 million in the same period in 2023[24] Gross Margin Improvement - Gross margin improved to 62.4% in Q3 2024, up from 44.6% in Q3 2023[4] Advertising and Marketing - Advertising spend increased to $1.0 million per month in Q3 2024, maintaining a 5.0X return on ad spend (ROAS)[2] Retail Expansion - Byrna expanded its retail presence from 42 stores to 137 stores nationwide through partnerships with Bass Pro Shops and Cabela's[2] - Byrna signed leases for new retail stores in key markets, including Nashville, Ft. Wayne, Scottsdale, and Salem, with a proposed location in Pasadena[11] International Orders - The company secured an initial order from Uruguay for 400 launchers and over 100,000 rounds of less-lethal ammunition[2] Stock Repurchase - Byrna repurchased $3.0 million of stock at an average price of $10.25 as part of a $10 million stock repurchase program[2] Production and Product Development - Production in Q3 2024 totaled over 55,000 units, with plans to introduce a full second shift by the end of Q1 2025[9] - The company is preparing to launch the Compact Launcher in mid-2025, with a third production line dedicated to its production[9] Financial Position and Assets - Total assets as of August 31, 2024, were $59.004 million, up from $52.314 million as of November 30, 2023[19] - Inventory, net as of August 31, 2024, was $19.797 million, compared to $13.890 million as of November 30, 2023[19] - Accounts receivable, net as of August 31, 2024, was $2.128 million, down from $2.945 million as of November 30, 2023[19] - Total current liabilities as of August 31, 2024, were $12.538 million, up from $8.646 million as of November 30, 2023[19] Stock-Based Compensation - Stock-based compensation expense for the three months ended August 31, 2024, was $819 thousand, down from $1.738 million in the same period in 2023[24] Share Count - Weighted-average number of common shares outstanding - diluted for the three months ended August 31, 2024, was 23,410,159, up from 21,960,163 in the same period in 2023[18] Future Growth Expectations - The company expects sustained growth into 2025 and 2026, driven by increased advertising, new retail stores, and the Compact Launcher launch[13]

Byrna Technologies Inc. BYRN will release earnings results for its third quarter, before the opening bell on Wednesday, Oct. 9. Analysts expect the Andover, Massachusetts-based company to report quarterly earnings at 5 cents per share, versus a year-ago loss of 12 cents per share. Byrna Technologies projects to report revenue of $20.8 million for the quarter, according to data from Benzinga Pro. On Sept. 4, Byrna Technologies announced preliminary third-quarter financial results with revenue above estimates ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...

The market expects Byrna Technologies Inc. (BYRN) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended August 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected t ...

Byrna Technologies Inc. (BYRN) closed the last trading session at $16.73, gaining 45.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $20.92 indicates a 25% upside potential. The mean estimate comprises three short-term price targets with a standard deviation of $4. While the lowest estimate of $17 indicates a 1.6% increase from the current price level, the most optimistic analys ...