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 Inc. (Nasdaq: BYRN) has secured a significant order from the City of Buenos Aires for 500 Byrna SD launchers to equip its police force. The city recently held a demonstration showcasing the training of police officers with these less-lethal devices at the Higher Institute of Public Security (ISSP). Mayor Jorge Macri emphasized the importance of incorporating new technology to address various forms of crime, highlighting Byrna's extended range compared to handheld stun guns.
The Byrna SD, powered by compressed air, shoots .68 caliber projectiles that can disable threats from up to 50 feet away. CEO Bryan Ganz noted that this order demonstrates the effectiveness of Byrna's solutions and signals strong traction in Latin America, with significant orders from large governments and police forces.
Byrna Technologies reported a record Q2 2024 revenue of $20.3 million, a 76% increase from Q2 2023. Gross margin improved to 62%, and net income rose to $2.1 million, reversing a $1.1 million loss in Q2 2023. The growth was driven by a successful shift in advertising strategy and increased production capacity. The company delivered 1,500 launchers to the armed forces of a Central American country and expects more orders. Byrna also named Lauri Kearnes as the new CFO. Cash and cash equivalents increased to $24.8 million, with no current or long-term debt. The company plans further expansions in retail stores and international law enforcement markets to sustain growth.
Byrna Technologies, a company specializing in less-lethal personal security solutions, announced its inclusion in the Russell 3000® Index as part of the annual reconstitution that took effect on June 28, 2024. This inclusion is based on market capitalization and style attributes. CEO Bryan Ganz highlighted that this achievement is a result of their successful advertising strategy and aims to increase exposure to the investment community. The Russell Indexes, a critical benchmark for $10.5 trillion in assets, are widely used by investment managers and institutional investors.
Byrna Technologies (Nasdaq: BYRN) has appointed Lauri Kearnes as Chief Financial Officer, effective July 15, 2024. Kearnes, who joins from Harte Hanks, brings over 20 years of financial and operational leadership experience. At Harte Hanks, she oversaw finance, accounting, and human resources for a $200 million revenue business. Kearnes also held significant roles at Brooks Automation and Nutraceutical CEO Bryan Ganz praised her financial strategy expertise and leadership skills. Outgoing CFO David North will retire but remain as an outside consultant to ensure a seamless transition.
Byrna Technologies (Nasdaq: BYRN), a company known for its innovative less-lethal personal security solutions, announced that it will report its financial results for the fiscal second quarter of 2024 on Tuesday, July 9, 2024. The announcement will be followed by a conference call at 9:00 a.m. Eastern Time, where Byrna's management will discuss the financial outcomes and take questions from participants.
The financial results for the quarter ended May 31, 2024, will be disclosed in a press release prior to the call. The call can be accessed toll-free at 877-709-8150 or internationally at +1 201-689-8354 using Conference ID 13746883. A live broadcast and replay will be available on Byrna's Investor Relations website.
Byrna Technologies (BYRN) announced preliminary financial results for Q2 2024, ending May 31, 2024. The company reported record revenue of $20.3 million, a 76% increase from $11.5 million in Q2 2023, driven by effective new marketing strategies and celebrity endorsements. The production totaled 48,600 units in Q2 2024, aiming to reduce backlog and meet demand. Sales surged across all channels, notably a 197% increase on Amazon and 97.6% on Byrna.com. Full results and a conference call will be shared in July.
Byrna Technologies, a leader in less-lethal personal security solutions, announced new partnerships with three media influencers to expand its reach. These partnerships include Dan Bongino, Dana Loesch, and Mike Gallagher, who will promote Byrna's products through their popular radio shows and podcasts. Dan Bongino’s show reaches over 400,000 daily listeners and 1.2 million weekly podcast downloads. Dana Loesch's 'The Dana Show' reaches 100,000 weekly listeners, while Mike Gallagher's show connects with over 100,000 daily listeners. Byrna aims to enhance its visibility and consumer engagement through these strategic alliances.
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