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Byrna Technologies Inc - BYRN STOCK NEWS

Welcome to our dedicated news page for Byrna Technologies (Ticker: BYRN), a resource for investors and traders seeking the latest updates and insights on Byrna Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Byrna Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Byrna Technologies's position in the market.

Rhea-AI Summary
Byrna Technologies Inc. reports a 98% increase in revenue year-over-year, reaching $16.7 million in Q1 2024, achieving GAAP profitability. The company attributes this growth to successful celebrity endorsements, TV advertising, and international expansion. Byrna also saw a significant increase in web sessions, production capacity, and introduced new products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4%
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Rhea-AI Summary
Byrna Technologies Inc. will host a conference call on April 5, 2024, to discuss its financial results for the fiscal first quarter ended February 29, 2024. The call will be led by Byrna management and include a question-and-answer session.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.38%
Tags
conferences earnings
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Rhea-AI Summary
Byrna Technologies Inc. announces a significant purchase agreement with the Córdoba Provincial Police force in Argentina for 10,000 Byrna launchers, showcasing the growing adoption of less-lethal security solutions in law enforcement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.75%
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none
Rhea-AI Summary
Byrna Technologies Inc. reports a 98% year-over-year revenue growth in Q1 2024, reaching approximately $16.7 million, driven by a successful celebrity endorsement program. Direct-to-consumer sales on Byrna's website increased by 115%, while sales on Amazon.com rose by 89%. The company also saw growth in dealer sales, Fox Labs sales, and international sales.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.86%
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Rhea-AI Summary
Byrna Technologies Inc. reported select financial results for Q4 2023 and FY 2023, highlighting significant achievements like celebrity partnerships, record orders, production capacity expansion, and financial performance improvements. Despite challenges with online advertising bans, the company's strategic shift to celebrity endorsements resulted in a 122% increase in domestic sales in Q4 2023, driving web traffic and sales growth. Byrna's strong financial position, with $23.0 million in cash and no debt, sets a solid foundation for future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.62%
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-
Rhea-AI Summary
Byrna Technologies Inc. (Nasdaq: BYRN) announced the expansion of its manufacturing capacity at its Fort Wayne, Indiana facility in response to the surge in demand due to the success of its new marketing campaigns. The expansion includes a 25% increase in production facility personnel, opening a second assembly line, and boosting launcher output from 10,000 to 12,500 units per month. The company also hired additional factory workers to support the higher production levels. The CEO, Bryan Ganz, attributes the increased demand to the recent expansion of their celebrity influencer network, resulting in upswings in web traffic and sales. Additionally, the company is seeing increased B2B demand in the DTC market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.15%
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none
Rhea-AI Summary
Byrna Technologies Inc. (BYRN) will hold a conference call on February 14, 2024, to discuss its financial results for the fiscal fourth quarter and full year ended November 30, 2023. The call will be hosted by Byrna management and will include a question-and-answer period. Financial results will be issued in a press release prior to the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.54%
Tags
conferences earnings
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Rhea-AI Summary
Byrna Technologies Inc. announced a strategic partnership with Glenn Beck and Blaze Media, expanding its marketing initiatives through radio and television platforms. The collaboration includes a 52-week advertising campaign on The Glenn Beck Program and The Glenn Beck Weekend Show, as well as digital TV ads, podcasts, and live read endorsements on Blaze TV. The partnership aims to enhance brand recognition, drive growth in web traffic and sales, and promote safer self-defense alternatives. Byrna's new advertising approach has already shown remarkable results, boosting web sessions by 70% and increasing the conversion rate by 10% compared to the same period last year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.81%
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partnership
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Rhea-AI Summary
Byrna Technologies Inc. (Nasdaq: BYRN) reports a preliminary 121% quarter-over-quarter revenue increase for the fiscal fourth quarter ended November 30, 2023, driven by a 120% sequential increase in revenues from $7.1 million in Q3 2023 to approximately $15.6 million in Q4 2023. However, excluding international sales, Q4 2023 sales increased by 33% compared to the same period last year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.68%
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Rhea-AI Summary
Byrna Technologies Inc. (Nasdaq: BYRN) announces strategic partnership with Judge Jeanine Pirro, a champion for self-defense and a firearms practitioner, to promote less-lethal personal security solutions. Pirro's national radio show and social media platforms will feature Byrna, extending its market reach. Byrna introduces the 'Judge Jeanine Discount Program' in conjunction with the partnership.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.87%
Tags
partnership
Byrna Technologies Inc

Nasdaq:BYRN

BYRN Rankings

BYRN Stock Data

329.68M
15.99M
21.8%
25.06%
3.55%
Small Arms Ammunition Manufacturing
Manufacturing
Link
United States
Andover

About BYRN

byrna technologies inc., a less-lethal defense technology company, develops and manufactures less-lethal equipment and munitions. it offers byrna line of handheld personal security devices, including the byrna hd, a handheld personal security device which is designed to be used by civilians and private security professionals, as well as accessories and third-party products that are compatible with the byrna hd, including the projectiles used in the byrna hd; and less-lethal munitions that comprise impact rounds designed to stop an individual without causing permanent injury or death, as well as payload rounds carrying various chemical irritants and marking products designed for 40mm rifled launchers utilized by law enforcement, correctional services, and military markets. the company also sells 12 gauge less-lethal impact rounds. it serves military, correctional services, police agencies, private security, and consumers in the united states, canada, and south africa. the company was fo