Byrna Technologies Inc Stock Price, News & Analysis

Byrna Technologies Inc. (NASDAQ: BYRN) announced it will release its financial results for the second quarter ended August 31, 2022, on October 5, 2022, before market open. A conference call is scheduled for 9:00 am ET to discuss the results. The company specializes in developing non-lethal personal security solutions, including the Byrna SD personal security device. Interested parties can access the call by phone or via a webcast on Byrna's website. The results will be available for thirty days post-call.

Byrna Technologies Inc. (NASDAQ: BYRN) announced preliminary Q3 FY2022 revenues of $12.4 million, reflecting a 43% increase from $8.7 million in Q3 FY2021. Year-to-date sales reached $32 million. However, the company revised its Q4 FY2022 revenue guidance to between $16 million and $18 million, citing signs of a softening economy and anticipated decreased demand for discretionary goods. Byrna's full year revenue guidance is now set between $48 million and $50 million. Notably, sales on Amazon surged 3,500% year-over-year.

Byrna Technologies Inc. (NASDAQ: BYRN) has announced a partnership with Argentine firearms manufacturer Bersa SA to distribute its less-lethal self-defense products across South America. This collaboration provides Byrna with immediate access to Bersa's established network of police agencies and dealers. In Argentina, where firearm ownership is heavily regulated, Byrna's products present a viable alternative. With around 5 million firearm owners and strict carry permit limitations, the demand for non-lethal options is significant. Both companies anticipate substantial sales potential in this market.

Byrna Technologies Inc. (NASDAQ: BYRN) has reiterated its full-year revenue guidance of $55 - $60 Million. The company clarified previous communications regarding the sale of its 40 millimeter blunt impact projectile (40 MM BIP) business, which saw total revenues of $43 thousand in fiscal year 2021 and $0 year-to-date in fiscal year 2022. Despite the clarification, Byrna emphasizes the potential risks associated with their forward-looking statements, including factors that may disrupt expected revenues and product demand.

Byrna Technologies Inc. (NASDAQ: BYRN) has sold its 40mm legacy business's IP and tooling to Facta Global, retaining exclusive rights to sell the product in the U.S. and South Africa. The deal includes cash and future royalties. Following production issues at its contract manufacturer, Byrna aims to resume supplying the 40mm BIP to U.S. law enforcement as early as July. The partnership with Facta Global, which has extensive experience in law enforcement training and is Byrna's long-time distributor, positions both companies for growth in the less-lethal product market.

Byrna Technologies (NASDAQ: BYRN) reported Q2FY22 revenues of $11.6 million, down 13.3% from $13.4 million in Q2FY21. The company experienced a net loss of $(3.0) million compared to a net income of $2.0 million in the same quarter last year. Gross margin decreased to 52.7% from 56.4%, attributed to higher freight costs and a rise in lower-margin international sales. Byrna reiterated its full-year revenue guidance of $55 - $60 million, aiming for growth through new product launches and market expansion, including the recent acquisition of Fox Labs International.

Byrna Technologies Inc. (NASDAQ: BYRN) has announced a collaboration with Christine Chiu, star of the Netflix series 'Bling Empire,' to promote its non-lethal self-defense products. Through her extensive social media platforms, Chiu aims to raise awareness of Byrna's personal security devices, including the Byrna SD, designed to incapacitate attackers safely. Byrna's Chief Marketing Officer expressed enthusiasm about the partnership, emphasizing the importance of self-defense in today's climate. The Byrna 'Un-Gun' is a portable device shooting irritant projectiles, allowing for effective protection without permanent harm.

Byrna Technologies Inc. (NASDAQ: BYRN) announced a collaboration with Christine Chiu, star of Netflix's 'Bling Empire,' to promote its non-lethal self-defense products. Chiu will utilize her social media platforms to raise awareness about Byrna's personal security devices, including the Byrna SD. The partnership highlights Byrna's 'Live Safe' philosophy, emphasizing the importance of self-defense preparedness. The Byrna SD, which incapacitate attackers without causing permanent harm, is gaining popularity among various supporters, including celebrities and everyday civilians.

Byrna Technologies Inc. (NASDAQ: BYRN) will release its fiscal second quarter financial results for the period ending May 31, 2022, on July 7, 2022, prior to market opening. A conference call is scheduled for the same day at 9:00 am ET to discuss these results. Interested parties can listen via phone or register for a webcast. Following the call, the webcast will be available for 30 days on Byrna's website.

Byrna specializes in non-lethal personal security solutions, including the Byrna® HD device designed for various markets.