Group 1 - Michael Wiggins De Oliveira is an inflection investor, focusing on buying undervalued companies at pivotal moments when their profitability is expected to improve significantly over the next year [1] - The investment strategy emphasizes technology and the Great Energy Transition, including uranium, with a concentrated portfolio of approximately 15 to 20 stocks and an average holding period of 18 months [1] Group 2 - Michael has over 10 years of experience analyzing companies in the tech and energy sectors, and has built a following of over 40,000 on Seeking Alpha [2] - He leads the investing group Deep Value Returns, which offers insights through a concentrated portfolio of value stocks, timely updates on stock picks, weekly webinars for live advice, and support for both new and experienced investors [2] - The Deep Value Returns community is described as active, vibrant, and kind, with easy access via chat [2]

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, ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the s ...

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]

Core Insights - Byrna Technologies Inc. is set to release its third-quarter earnings results on October 9, with analysts expecting earnings of 5 cents per share compared to a loss of 12 cents per share in the same quarter last year [1][2] - The company is projected to report revenue of $20.8 million for the quarter, exceeding previous estimates [2] - Byrna Technologies shares increased by 9.4%, closing at $18.95 on the preceding Friday [2] Analyst Ratings - Roth MKM analyst Matt Koranda initiated coverage with a Buy rating and a price target of $14 on August 28, achieving an accuracy rate of 65% [2] - Ladenburg Thalmann analyst Jon Hickman maintained a Buy rating and raised the price target from $12.75 to $16.25 on April 9, with an accuracy rate of 64% [2] - B. Riley Securities analyst Jeff Van Sinderen reiterated a Buy rating and increased the price target from $14 to $17 on April 8, holding an accuracy rate of 75% [2] - Raymond James analyst Brian Gesuale downgraded the stock from Strong Buy to Market Perform on September 27, with an accuracy rate of 73% [2] Consensus Price Target - The consensus price target for Byrna Technologies is $15.75 based on the ratings of five analysts, with the highest target being $17 from B. Riley Securities on April 8, 2024 [3]

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 ...

Core Viewpoint - Byrna Technologies Inc. (BYRN) has shown a significant price increase of 45.7% over the past four weeks, with analysts suggesting further upside potential based on a mean price target of $20.92, indicating a 25% upside from the current price of $16.73 [1] Price Targets and Analyst Estimates - The mean price target consists of three short-term estimates with a standard deviation of $4, where the lowest estimate is $17 (1.6% increase) and the highest is $25 (49.4% increase) [2] - A low standard deviation among price targets suggests a high degree of agreement among analysts regarding the stock's price movement direction and magnitude [7] Earnings Estimates and Analyst Optimism - Analysts are increasingly optimistic about BYRN's earnings prospects, as indicated by a significant upward revision in earnings estimates, which has shown a strong correlation with near-term stock price movements [9] - The Zacks Consensus Estimate for the current year has increased by 625% over the past month, with no negative revisions [10] Zacks Rank and Investment Potential - BYRN currently 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 in the near term [11]

ANDOVER, Mass., Sept. 25, 2024 (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 Wednesday, October 9, 2024 at 9:00 a.m. Eastern time to discuss its financial results for the fiscal third quarter ended August 31, 2024. Financial results will be issued in a press release prior to the call. Byrna ...