Byrna Technologies Delivers Impressive Q1, Beating Earnings Projections

Byrna Technologies Delivers Impressive Q1, Beating Earnings Projections

Brief Research Report on NASDAQ: BYRN (Byrna Technologies Inc)

April 10, 2025

Byrna Technologies Inc. (NASDAQ:BYRN) reported earnings per share of $0.06 on April 10, 2025, significantly outperforming the consensus estimate of $0.02. This marks a notable improvement from the $0.04 per share reported in the same quarter last year, underscoring the company’s strong operational performance and successful strategic initiatives, as highlighted during its Q1 2025 earnings call.

The company generated approximately $26.19 million in revenue for the quarter, surpassing the projected $25.55 million. This represents a 57% year-over-year increase, primarily driven by the expansion of retail distribution channels and enhanced U.S. manufacturing capabilities. Byrna’s strategic focus in these areas has been a key factor in its accelerating growth.

Financially, Byrna remains in a solid position. The company reported a debt-to-equity ratio of around 0.045, reflecting minimal debt and a conservative approach to financial management. Additionally, its current ratio of roughly 3.99 indicates strong liquidity and the ability to meet short-term obligations with ease.

Known for its innovative non-lethal personal security devices, Byrna is carving out a distinct space in the security market. While it competes with other manufacturers, its emphasis on non-lethal solutions sets it apart and continues to attract market attention.

During the earnings call, analysts including Jeff Van Sinderen of B. Riley Securities and Jon Hickman of Ladenburg Thalmann joined Byrna’s executive team—CEO Bryan Ganz and CFO Lauri Kearnes—to discuss the company’s financial health and strategic outlook. Leadership emphasized that these strong results further position Byrna for sustained growth and increased market share in the expanding non-lethal security space.

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