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. (BYRN) develops, manufactures and sells less-lethal personal security solutions, including Byrna-branded launchers, projectiles and other personal defense tools. Company news centers on revenue results, channel performance and the expansion of direct-to-consumer, dealer, chain-store and brick-and-mortar retail distribution.
Updates also cover product innovation, research and development, marketing and customer-acquisition initiatives, investor presentations and leadership changes. The recurring themes connect Byrna's consumer personal-defense model with manufacturing execution, retail-channel strategy and governance transitions as the company scales its less-lethal security portfolio.
Byrna Technologies reported preliminary Q4 2024 revenue of $28.0 million, a 79% increase from $15.6 million in Q4 2023. Full-year 2024 revenue reached a record $85.8 million, more than doubling from $42.6 million in 2023. E-commerce channels grew by $8.9 million year-over-year, representing 76% of total Q4 sales.
Launcher production exceeded 55,000 units in Q4 at the Fort Wayne facility. International sales increased by $1.0 million, including $43,000 in royalties from Byrna LATAM. Black Friday and Cyber Monday sales will be included in Q1 2025 results. The company's fulfillment team can now process over 2,000 packages daily.
Byrna Technologies reported record-breaking sales during Black Friday and Cyber Monday 2024, totaling $2.4 million in combined revenue across Byrna.com and Amazon.com. Black Friday sales reached $1,025,000 (up 91% YoY), with Byrna.com contributing $710,000 (up 70%) and Amazon.com $315,000 (up 162%). Cyber Monday sales hit $1,381,000 (up 188% YoY), with Byrna.com generating $1,088,000 (up 189%) and Amazon.com $293,000 (up 183%).
The company's email marketing showed significant growth, with its subscriber list expanding by over 200% YoY. Their Black Friday promotion email reached 595,000 recipients with a 57% open rate.
Byrna Technologies reported record Q3 2024 results with revenue hitting $20.9 million, a 194% increase from Q3 2023. Gross margin improved to 62.4% as manufacturing scaled. The company's celebrity endorsement program generated a 5.0X return on ad spend, driving strong growth. Key highlights include:
- Expanded presence in Bass Pro Shops and Cabela's to 137 stores nationwide
- Secured orders from Uruguay and Argentina for law enforcement
- Launched a $10 million stock repurchase program
- Net income of $1.0 million, compared to a loss of $(4.1) million in Q3 2023
- Adjusted EBITDA of $1.9 million, up from $(2.4) million in Q3 2023
- Cash and cash equivalents of $20.1 million with no debt
The company is scaling production, adding retail stores, and preparing to launch the Compact Launcher in Summer 2025.
Byrna Technologies Inc. (Nasdaq: BYRN), a personal defense technology company specializing in less-lethal personal security solutions, has announced its upcoming financial results conference call. The call is scheduled for Wednesday, October 9, 2024, at 9:00 a.m. Eastern time to discuss the company's fiscal third quarter results for the period ended August 31, 2024.
Key details for the conference call include:
- Toll-Free Dial-In: 877-709-8150
- International Dial-In: +1 201-689-8354
- Conference ID: 13748618
Financial results will be released via press release prior to the call. The call will be broadcast live and available for replay through the Investor Relations section of Byrna's website.
Byrna Technologies Inc. (Nasdaq: BYRN) has secured a 1,000 launcher order from Argentina's Policía de Seguridad Aeroportuaria (PSA), the federal agency responsible for airport security. This follows an initial purchase in April, with PSA now deploying Byrna's less-lethal pistols and rifles across national airports after officer training. The order marks Byrna's expanding presence in Argentina, following a recent 10,000 launcher order from the Córdoba Provincial Police and adoptions by police departments near Buenos Aires.
CEO Bryan Ganz highlighted the increasing normalization of less-lethal solutions in Argentina and the broader region, emphasizing Byrna's growing international footprint and traction with law enforcement agencies. This deployment reinforces Byrna's leadership in the evolving public safety landscape.
Byrna Technologies Inc. (Nasdaq: BYRN) has announced record preliminary financial results for Q3 2024. The company, which specializes in less-lethal personal security solutions, reported:
- Total revenue of $20.8 million, a 194% increase from Q3 2023 ($7.1 million)
- Year-to-date revenues of $57.7 million, surpassing previous annual sales record
- Production of over 55,000 units in Q3
The growth was attributed to successful marketing strategies, including a celebrity endorsement campaign. Sales increased across all channels, with notable growth in web sales (219.6%) and international sales (490.7%). Byrna plans to report full Q3 2024 financial results in October, followed by a conference call.
Byrna Technologies Inc. (Nasdaq: BYRN) has secured a significant order from the Uruguayan Ministry of the Interior for 400 Byrna launchers and over 100,000 rounds of less-lethal ammunition. The purchase includes 300 handheld and 100 long gun launchers for the Uruguayan National Police. This adoption aims to enhance public safety and reduce reliance on lethal force in various law enforcement scenarios.
The launchers will initially be deployed by the Republican Guard, with plans for expansion to other divisions following comprehensive training programs. This order aligns with Byrna's broader strategy in Latin America, where the company sees strong momentum and significant opportunities. CEO Bryan Ganz emphasized that this decision underscores the growing recognition of Byrna's products as effective, less-lethal solutions for law enforcement.
Byrna Technologies Inc. (Nasdaq: BYRN) has achieved a significant milestone in Mexico. The company's less-lethal launchers have been approved for use by security professionals and private citizens, following completion of a newly approved, federally certified training program. This program, endorsed by Mexico's Secretaría de Trabajo y Previsión Social (STPS), was developed in partnership with Distribution Goel and a network of certified instructors across major regions.
The DC-3 certification training covers legal guidelines, product nomenclature, target practice, and real-world scenario simulations. This approval marks an important step in Byrna's international expansion, building on its success in Canada and South America. The company expects its products to resonate with individuals seeking effective and responsible personal protection solutions in Mexico.
Byrna Technologies Inc. (Nasdaq: BYRN), a company specializing in less-lethal personal security solutions, has announced its participation in several upcoming investor conferences. These events include:
1. Sidoti Micro-Cap Virtual Conference on August 15th (virtual presentation)
2. 2024 Gateway Conference on September 5th in San Francisco
3. H.C. Wainwright 26th Annual Global Investment Conference on September 9th-10th in New York
4. B. Riley Consumer & TMT Consumer Conference on September 12th in New York
The company will deliver presentations and engage in one-on-one meetings with investors at these events. Webcasts will be available for some presentations, offering investors insights into Byrna's innovative technology and business strategies.
Byrna Technologies Inc. (Nasdaq: BYRN) has announced a $10 million stock repurchase program approved by its Board of Directors. The program authorizes the company to repurchase up to $10 million of its common stock over a 24-month period. CEO Bryan Ganz believes Byrna's shares are undervalued and present a compelling investment opportunity. The company has achieved impressive sequential revenue growth, with Q2 2024 marking a company record for revenue, surpassing the previous record set in Q1 2024, while improving profitability.
The repurchase program reflects management's confidence in the company's long-term prospects and commitment to enhancing shareholder value. Byrna intends to fund the repurchases with its existing cash balance, including cash generated from operations. During previous stock repurchase programs, Byrna has repurchased $17.5 million of stock.