Byrna Technologies (NASDAQ:BYRN) Posts Earnings Results, Beats Estimates By $0.01 EPS

Byrna Technologies (NASDAQ:BYRN) issued its quarterly earnings data on Thursday. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01, Zacks reports. Byrna Technologies had a return on equity of 16.67% and a net margin of 8.20%.The business had revenue of $35.25 million for the quarter, compared to the consensus estimate of $34.92 million.

Here are the key takeaways from Byrna Technologies’ conference call:

• Strong top-line growth and profitability: Q4 revenue was $35.2M (+26% YoY) and fiscal 2025 revenue was $118.1M (+38% YoY), with adjusted EBITDA rising to $6.0M in Q4 and $16.8M for the year, signaling continued EBITDA profitability despite one-time items.
• Rapid retail expansion driving demand: Byrna expanded its brick‑and‑mortar footprint to >1,500 locations (targeting ~2,000 in 2026), with chain-store programs (notably Sportsman’s Warehouse) and try‑before‑you‑buy initiatives producing >100% growth in store sales and meaningful holiday sell‑throughs.
• Product and manufacturing catalysts to improve margins: New products (CL XL launched at $579.99, Byrna Cam planned mid‑year, later modular launcher) plus onshored ammo production in Fort Wayne and expected manufacturing efficiencies (company cites ~40% lower BOM on the new chassis) are expected to drive gross‑margin improvement to the mid‑60% range over time.
• Near‑term cash and cost pressures: Operating expenses rose to $59.6M and cash declined to $15.5M (from $25.7M) while inventory increased to $32.7M, although management secured a $20M credit facility (including a $15M delayed draw) to support growth and potential acquisitions.

Byrna Technologies Trading Up 11.6%

Shares of BYRN traded up $1.53 during midday trading on Friday, reaching $14.69. The stock had a trading volume of 1,162,088 shares, compared to its average volume of 555,502. The firm has a market cap of $333.90 million, a PE ratio of 36.73 and a beta of 2.29. The firm has a 50 day simple moving average of $16.76 and a 200-day simple moving average of $19.26. Byrna Technologies has a one year low of $11.13 and a one year high of $34.78.

Analysts Set New Price Targets

A number of research analysts have weighed in on BYRN shares. Roth Mkm set a $40.00 price target on shares of Byrna Technologies and gave the company a “buy” rating in a research note on Friday, October 10th. Zacks Research cut shares of Byrna Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $41.67.

Hedge Funds Weigh In On Byrna Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC boosted its holdings in shares of Byrna Technologies by 228.0% during the third quarter. Millennium Management LLC now owns 673,138 shares of the company’s stock worth $14,917,000 after acquiring an additional 467,932 shares during the period. Invesco Ltd. acquired a new stake in Byrna Technologies during the 2nd quarter worth approximately $13,079,000. UBS Group AG boosted its stake in Byrna Technologies by 232.6% in the 3rd quarter. UBS Group AG now owns 383,356 shares of the company’s stock valued at $8,495,000 after purchasing an additional 268,108 shares during the period. Alliancebernstein L.P. boosted its stake in Byrna Technologies by 621.6% in the 3rd quarter. Alliancebernstein L.P. now owns 132,710 shares of the company’s stock valued at $2,941,000 after purchasing an additional 114,320 shares during the period. Finally, Jump Financial LLC acquired a new position in Byrna Technologies in the 2nd quarter valued at $2,826,000. Institutional investors own 25.46% of the company’s stock.

Trending Headlines about Byrna Technologies

Here are the key news stories impacting Byrna Technologies this week:

• Positive Sentiment: Beat on revenue and EPS — Q4 revenue of $35.25M and GAAP EPS of $0.14 beat consensus estimates (revs ~$34.9M; EPS ~$0.13), showing demand strength and helping lift near-term sentiment. BYRN Beats Q4 Estimates (Zacks)
• Positive Sentiment: Record Q4 and FY results — management reported record fiscal Q4 and full-year 2025 results with full-year revenue up ~38% YoY, reinforcing the company’s top-line momentum. Record Q4 & FY Results (GlobeNewswire)
• Positive Sentiment: Growth and margin guidance — management expects continued margin expansion, plans to expand retail footprint by ~2,000 stores in 2026 and cited upcoming product launches, which could support longer-term revenue and profitability. Margin Expansion & Store Growth (MSN)
• Positive Sentiment: Operational actions to meet demand — company cited manufacturing ramp and selective price increases to address rising demand, which investors see as supportive of margins and supply reliability. Manufacturing & Pricing Actions (MarketWatch)
• Neutral Sentiment: Earnings call detail available — full call/transcripts provide color on channel inventory, ASPs and product pipeline; useful for investors wanting management’s longer-term cadence and unit economics. Earnings Call Transcript (Seeking Alpha)
• Negative Sentiment: Q4 EPS down YoY despite the beat — while BYRN beat Street estimates, Q4 EPS declined versus the prior year (calls out mixed profitability trends quarter-to-quarter); investors should watch whether margin expansion targets materialize. Q4 EPS Year-over-Year Comparison (Yahoo Finance)

Byrna Technologies Company Profile

Byrna Technologies, Inc (NASDAQ: BYRN) designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company’s flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO₂-powered variant optimized for close-quarters defense.

In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.