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Byrna Technologies Inc. - $BYRN STOCK NEWS

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.

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.

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Rhea-AI Summary
Byrna Technologies achieves significant revenue growth, selling over 300,000 Byrna SD Launchers since June 2019, with revenues increasing from $924k in 2019 to a record $48 million in FY2022. The company taps into a TAM of 100 million U.S. gun owners and also finds demand among non-gun owners. Byrna counts over 300 police departments as customers. The company faces challenges with bans on advertising on social media platforms. CEO remains committed to providing safe alternatives to lethal force.
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Rhea-AI Summary
Byrna Technologies Inc. reported selected financial results for its fiscal Q2 2023. Net revenue was $11.5M, slightly lower than Q2 2022. Gross profit remained unchanged at $6.2M. Operating expenses decreased to $7.0M, leading to a net loss improvement of $(1.1)M. Adjusted EBITDA improved to $739,000. Cash and cash equivalents totaled $15.4M, and inventory was $17.5M.
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Byrna Technologies Inc.

Nasdaq:BYRN

BYRN Rankings

BYRN Stock Data

249.87M
15.99M
21.8%
25.06%
3.55%
Small Arms Ammunition Manufacturing
Manufacturing
Link
United States of America
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