Welcome to our dedicated page for Byrna Technologies news (Ticker: BYRN), a resource for investors and traders seeking the latest updates and insights on Byrna Technologies stock.
Byrna Technologies, Inc. (Nasdaq: BYRN) is a personal defense technology company that regularly issues news about its less-lethal personal security solutions, operational progress, and corporate developments. Company press releases describe a focus on the development, manufacture, and sale of launchers that use kinetic and pepper projectiles to incapacitate threats without resorting to lethal force.
News about Byrna often highlights financial performance and growth, including preliminary and reported quarterly revenues, sales channel breakdowns, and commentary on factors such as dealer and chain store performance, web traffic trends, and international sales. Investors following BYRN can expect updates on revenue expectations, record quarters, and the impact of marketing initiatives on demand for less-lethal products.
Another recurring theme in Byrna’s news is marketing and brand visibility. The company reports on AI-driven advertising campaigns, celebrity endorsement programs, and placements on broadcast and cable networks. Releases describe how proprietary AI-based content creation has increased web sessions on Byrna.com and major e-commerce platforms, reduced customer acquisition costs, and contributed to higher sales.
Byrna also issues news about its retail and institutional presence, including the expansion of brick-and-mortar locations, Byrna-branded retail stores, and partnerships with security training organizations. Articles discuss adoption of Byrna’s less-lethal tools by churches, public school districts, and colleges, as well as collaborations with groups such as Krisis, Inc. and the U.S. Concealed Carry Association.
Corporate governance and capital markets updates appear in the news flow as well. Examples include board appointments, participation in investor conferences, and events such as ringing the Nasdaq Opening Bell. For investors and observers, the BYRN news page offers a centralized view of how the company’s less-lethal technology, marketing strategy, and distribution channels are evolving over time.
Byrna Technologies reported impressive Q3 FY21 results, with revenues increasing by 107.3% to $8.7 million and gross profit rising 129.6% to $4.9 million. Gross margins improved to 56.2%, up from 50.7% year-over-year. Despite a net loss of $(1.8 million), the company boasts strong cash reserves of $58.4 million as of August 31, 2021. Byrna plans to expand its product line and sales channels, including a dedicated Amazon store, which shows promising growth in traffic. The FY2021 revenue guidance remains between $40-$42 million, marking a projected 146% increase.
Byrna Technologies Inc. (NASDAQ: BYRN) is offering a special pink product bundle during Breast Cancer Awareness Month, which includes a pink Byrna™ SD launcher, a three-year warranty, and a 130dB personal safety alarm for $438.99. The company will donate $30 from each sale to Susan G. Komen®, a leading breast cancer organization, to support their mission of saving lives and funding research. CEO Bryan Ganz highlighted Byrna's commitment to safety solutions and personal experiences with breast cancer as motivations for this partnership.
Byrna Technologies Inc. (NASDAQ: BYRN) announced it will release its fiscal third quarter financial results for the period ending August 31, 2021, on October 8, 2021. The release will occur before market opening, followed by a conference call at 9:00 am ET for management to review the results. Interested parties can participate by calling (201) 493-6744 or (877) 445-9755, or by accessing a live webcast on Byrna's investor relations website.
Byrna Technologies (NASDAQ: BYRN) announced preliminary revenue for Q3 2021, expecting around $8.7 million, a 107% increase from $4.2 million in Q3 2020. This growth is attributed to higher e-commerce sales, increased dealer sales, and sales to law enforcement. Byrna also raised its full year revenue guidance to $40-$42 million, up from $38-$41 million, reflecting approximately 146% growth year-over-year. However, gross profit margins are expected to moderate due to increased dealer sales, with anticipated recovery due to upcoming high-margin product launches.
Byrna Technologies Inc. (NASDAQ: BYRN) will host an Analyst Day on September 9, 2021, starting at 10:00 am EST. The event will last approximately two hours and is designed to detail the company's recent growth initiatives in the personal safety market. Participants can access the event through a live webcast available on Byrna's investor relations website. A Q&A session will follow, with questions submitted in advance to iportner@equityny.com.
Byrna Technologies Inc. (Nasdaq: BYRN) has appointed Mike Gillespie as Chief Operating Officer (COO), effective August 23, 2021. Gillespie, with over 30 years in manufacturing operations, will enhance Byrna's global operations, focusing on product quality, cost reduction, and improved customer satisfaction. CEO Bryan Ganz expressed confidence in Gillespie's ability to drive operational efficiencies and shareholder value. This organizational change allows Ganz to concentrate on strategic initiatives like acquisitions and partnerships, aiming for continued growth in the non-lethal technology market.
Byrna Technologies has acquired assets from Ballistipax, a developer of bulletproof backpacks that aim to enhance safety during active shooter situations. The acquisition includes trademarks, patents, finished goods, and inventory, funded by cash on hand. Byrna plans to launch the 'Byrna Shield' product line, which offers various configurations for personal protection, with sales beginning shortly. The company also conducted its first 'Learn Safe' training program for law enforcement in Texas, focusing on non-lethal protective tools and active shooter responses, enhancing its product offerings and market presence.
Byrna Technologies Inc. (NASDAQ: BYRN) announced that Bi-Mart, a retail chain in the Pacific Northwest, has begun stocking Byrna products across 82 locations since late July 2021. This partnership expands Byrna's presence to approximately 1,600 retail locations nationwide. CEO Bryan Ganz noted that the collaboration enhances revenue diversification and offers a competitive advantage by allowing customers to physically interact with Byrna products. Positive customer reception is indicated by a replenishing order within two weeks of launch.
Byrna Technologies Inc. has launched the Byrna Eco-Kinetic round, a .68 caliber non-lethal projectile available for pre-order since August 1, 2021. Priced at 25 cents per round, it aims to be both cost-effective and environmentally friendly as it dissolves completely when exposed to the elements. Featuring visual impact technology, it leaves a mark upon impact, enhancing user experience during target practice. The CEO, Bryan Ganz, anticipates strong consumer engagement, positioning the Eco-Kinetic round as a potential best-seller.
Byrna Technologies Inc. (NASDAQ: BYRN) has priced an upsized public offering of 2,500,000 common shares at $21.00 per share, aiming for total gross proceeds of approximately $52.5 million. The offering was increased from the initial 2,250,000 shares announced earlier. An option for underwriters to purchase an additional 375,000 shares is included. Proceeds will be allocated for working capital and corporate purposes. Raymond James & Associates, Inc. is the lead book-running manager of the offering.