Financial Performance - Revenue for the fiscal year ended November 30, 2025, was $118.1 million, an increase of $32.3 million, or 37.7%, compared to $85.8 million in the prior fiscal year[198]. - Direct-to-consumer revenue increased by $10.7 million, or 16.3%, from $65.9 million in fiscal year 2024 to $76.6 million in fiscal year 2025[200]. - Domestic dealer and retail sales increased by $14.0 million, or 108.4%, from $12.9 million in fiscal year 2024 to $26.9 million in fiscal year 2025[200]. - E-commerce transactions accounted for 64.8% of total net revenue for fiscal year 2025, down from 76.8% in fiscal year 2024[198]. - Gross margin declined by 1.0% compared to the prior year, primarily due to a higher proportion of lower-margin wholesale and retail revenue[199]. - Profit from operations for fiscal year 2025 was $11.8 million, compared to an operating profit of $6.7 million for fiscal year 2024[199]. - International revenue, including Canada, increased from $6.8 million to $12.1 million year-over-year[200]. - Wholesale revenue increased to $41.5 million in fiscal year 2025, reflecting expanded relationships with retailers and increased law-enforcement interest[202]. - Cost of goods sold was $46.7 million for fiscal year 2025, up from $33.0 million in fiscal year 2024, driven by higher sales volume[203]. - Gross profit was $71.5 million, or 60.5% of net revenue, for fiscal year 2025, compared to $52.8 million, or 61.5%, in the prior year, indicating a decline in gross margin[204]. - Operating expenses rose to $59.6 million in fiscal year 2025, compared to $46.1 million in the prior year, primarily due to higher marketing and personnel-related costs[205]. - Profit from operations increased by $5.1 million to $11.8 million in fiscal year 2025, compared to $6.7 million in fiscal year 2024[206]. - Interest income decreased to $0.4 million for fiscal year 2025 from $1.0 million in fiscal year 2024, due to a reduction in interest-earning funds[208]. - The effective income tax rate was 17.49% for the year ended November 30, 2025, compared to (80.31)% in the prior year, with an income tax expense of $2.1 million[209]. - Cash and cash equivalents totaled $13.7 million as of November 30, 2025, a decrease of approximately $3.1 million from $16.8 million as of November 30, 2024[215]. - Cash used in operating activities was $1.6 million for fiscal year 2025, compared to cash provided by operations of $11.7 million in fiscal year 2024[217]. - Non-GAAP adjusted EBITDA was $16.8 million for fiscal year 2025, compared to $11.5 million in fiscal year 2024[214]. Product Development and Innovation - The Byrna CL™ (Compact Launcher) was launched in April 2025, featuring a muzzle velocity of approximately 400 feet-per-second and a form factor 38% smaller than the Byrna SD[47]. - Byrna's product portfolio includes handheld launchers capable of firing projectiles from a standoff distance of up to 60 feet, enhancing user safety[21]. - Byrna's R&D efforts focus on developing new projectile technologies, including a 12-gauge less-lethal kinetic round designed for enhanced accuracy at distances exceeding 100 feet[48]. - R&D efforts are focused on new product introductions, including enhancements to the Byrna SD, Byrna LE, and Byrna CL platforms, and expanded projectile offerings across multiple calibers[52]. - The company has expanded R&D collaboration with U.S. suppliers and established a dedicated ammunition production facility in Fort Wayne, Indiana, enhancing new projectile design iterations and quality control[51]. - The company plans to expand its product portfolio to meet the growing demand for less-lethal products in the law enforcement and private security markets[195]. Market Expansion and Strategy - In fiscal 2025, international revenue represented 10.0% of total revenue, up from 8.0% in fiscal 2024, indicating growth in global market interest[33]. - The company established Byrna Technologies Canada to support regulatory compliance and sales in the Canadian market, expanding its international footprint[20]. - Byrna's marketing strategy generated over 60 million organic views through the "Banana" campaign, significantly increasing brand recognition and consumer engagement[37]. - The company has diversified its distribution channels, including a partnership with Sportsman's Warehouse and the opening of Byrna-branded retail locations[44]. - The company acquired a 51% ownership interest in Byrna LATAM S.A. for $0.5 million to expand operations in South America[196]. - Byrna's AI-assisted advertising platform has improved marketing efficiency and reduced customer-acquisition costs[34]. - The company intends to improve operational, financial, and management controls to manage growth effectively and maintain product quality[85]. Operational Challenges - The company has a history of operating losses, with an accumulated deficit of $47.1 million as of November 30, 2025, despite achieving net income in the last two fiscal years[79]. - Revenue growth may not sustain at previous rates due to various challenges, including product development delays and market adoption uncertainties[80]. - The company has consolidated all manufacturing activities at its Fort Wayne, Indiana facility, discontinuing operations at Byrna South Africa[70]. - The company faces competition from manufacturers of conductive energy devices, handheld CO2-powered launchers, and traditional firearms, necessitating continuous innovation and brand awareness[56][57]. - The company is subject to extensive regulations that could adversely affect demand for its products and increase compliance costs[58][62]. - The company has experienced rapid growth in headcount and operations, which may strain management and operational infrastructure[81]. - The company faces intense competition for talent, which may lead to increased expenses and challenges in integrating new hires into corporate culture[83]. - Future growth may be hindered by slower demand for products, increased competition, and the need for successful new product development[84]. - The company is dependent on third-party suppliers for key components, and any failure in supply could adversely affect production and financial results[100]. - The company faces challenges in profitability due to factors such as higher fuel costs, port closures, and increased government regulations affecting imports[103]. - The company must continuously innovate and develop new products to maintain sales, with significant costs associated with product design and development[105]. - Accurate forecasting of consumer demand is critical; failure to do so may lead to excess inventory or product shortages, negatively impacting financial results[106][107]. - Dependence on a limited number of third-party logistics and shipping providers poses risks to operations and financial performance[108]. - Product defects could lead to recalls, negative publicity, and harm to the company's reputation, affecting sales and operating margins[109]. - The company is exposed to cybersecurity risks that could disrupt operations and lead to significant financial and reputational damage[112]. - Expansion into global markets may be hindered by political and economic volatility, affecting market share and profitability[114]. - Legislative changes regarding the regulation of less-lethal products could impact production capabilities and market demand[125]. - The company operates in a highly competitive environment, facing challenges from larger competitors with established market presence[118]. - The company is subject to U.S. and foreign export control laws, which could significantly impact operations and revenues if compliance is not maintained[126]. - Non-compliance with Trade Control Laws could result in administrative, civil, or criminal liabilities, adversely affecting the company's business and growth efforts[127]. - Health and safety risks related to products may lead to litigation or regulatory actions, potentially harming financial condition and operating results[128]. - The company faces operating hazards that could result in significant costs, impacting financial position, despite maintaining insurance[129]. - Compliance with anti-corruption legislation is critical, as violations could lead to fines and penalties, adversely affecting business operations[130]. - The company relies on suppliers and manufacturers to comply with ethical practices; non-compliance could harm reputation and operational results[131]. - Protecting intellectual property is essential for maintaining competitive advantage; inadequate protection could lead to substantial litigation costs[132]. - The company may face intellectual property infringement claims, which could divert management attention and incur additional costs[133]. Economic and Environmental Factors - Economic conditions significantly influence customer spending on the company's discretionary products, affecting revenue and profitability[152]. - Tariffs and trade barriers, particularly with China, may disrupt the company's operations and require price adjustments, potentially harming revenue[153]. - Data privacy and security laws could increase operational costs and expose the company to sanctions and penalties[155]. - Climate change may increase operating costs and adversely affect business operations due to extreme weather events and rising temperatures[166]. - The availability and costs of materials and components may be impacted by climate change, potentially increasing operational costs[168]. - Prevailing wage rates have increased significantly, which may require the company to raise employee wages, affecting profit margins[169]. Stock and Financial Risks - The common stock is listed on the Nasdaq Capital Market, and failure to maintain listing criteria could impair liquidity and trading volume[136]. - The market price of the common stock may be volatile, influenced by various factors including operational results and analyst coverage[137]. - The company does not intend to pay dividends on its common stock for the foreseeable future, opting to retain future earnings instead[147]. - Future litigation could materially adversely impact the company's results of operations, financial condition, and liquidity[148]. - The company faces risks from commercial crime, including theft and electronic crime, which could lead to financial losses[150].

Byrna Technologies Inc. (BYRN) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +7.69%. A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced earnings of $0.09, delivering a surprise of +80%.Over the last four quarters, the co ...

Byrna Technologies (NasdaqCM:BYRN) Q4 2025 Earnings call February 05, 2026 09:00 AM ET Company ParticipantsBryan Ganz - CEOJon Hickman - VP of Equity ResearchLori Kearns - CFOConference Call ParticipantsJeff Van Sinderen - Senior AnalystJeremy Hamblin - Senior Research AnalystMatthew Koranda - Managing Director and Senior Research AnalystOperatorGood morning. Welcome to Byrna's fiscal fourth quarter and full year 2025 earnings conference call. My name is Kevin, and I'll be your operator for today's call. Jo ...

Byrna Technologies (NasdaqCM:BYRN) Q4 2025 Earnings call February 05, 2026 09:00 AM ET Company ParticipantsBryan Ganz - CEOJon Hickman - VP of Equity ResearchLori Kearns - CFOConference Call ParticipantsJeff Van Sinderen - Senior AnalystJeremy Hamblin - Senior Research AnalystMatthew Koranda - Managing Director and Senior Research AnalystOperatorGood morning. Welcome to Byrna's fiscal Q4 and full year 2025 earnings conference call. My name is Kevin, and I'll be your operator for today's call. Joining us for ...

Byrna Technologies (NasdaqCM:BYRN) Q4 2025 Earnings call February 05, 2026 09:00 AM ET Speaker6Good morning. Welcome to Byrna's fiscal fourth quarter and full year 2025 earnings conference call. My name is Kevin, and I'll be your operator for today's call. Joining us for today's presentation are the company's CEO, Brian Ganz, and CFO, Lori Kearns. Following the remarks, we'll open the call for questions. Earlier today, Byrna released results for its fiscal fourth quarter and full year ending November 30th, ...

Expands Monthly Production Capacity by 33% to Support Growing DemandANDOVER, Mass., Feb. 05, 2026 (GLOBE NEWSWIRE) -- Byrna Technologies Inc. (“Byrna” or the “Company”) (Nasdaq: BYRN), a personal defense technology company specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions, today reported select financial results for its fiscal fourth quarter (“Q4 2025”) and full year ended November 30, 2025. Fiscal Fourth Quarter 2025 and Recent Operational Highligh ...

Core Insights - Byrna Technologies (BYRN) stock price has decreased by nearly 25% since March 2025, despite the company meeting and exceeding the price target of $28.02 set by the analyst [1] Group 1: Company Overview - Byrna Technologies operates within the aerospace, defense, and airline sectors, which are characterized by significant growth prospects [1] - The company is analyzed by an experienced aerospace, defense, and airline analyst who provides insights into investment opportunities in these industries [1] Group 2: Analyst's Perspective - The analyst emphasizes the importance of data-informed analysis in driving investment ideas and offers context to industry developments [1] - The analyst's investing group, The Aerospace Forum, aims to discover investment opportunities and provides access to data analytics monitors [1]

Core Viewpoint - Byrna Technologies Inc. will hold a conference call on February 5, 2026, to discuss its financial results for the fiscal fourth quarter and full year ended November 30, 2025 [1] Group 1: Conference Call Details - The conference call is scheduled for Thursday, February 5, 2026, at 9:00 a.m. Eastern time [2] - Participants can join the call using a toll-free number or an international dial-in number, and should call 10 minutes prior to the start time for registration [2] - The call will be broadcast live and available for replay on Byrna's website [3] Group 2: Company Overview - Byrna Technologies Inc. specializes in the development, manufacture, and sale of innovative less-lethal personal security solutions [4] - The company produces Byrna® CL, Byrna® LE, and Byrna® SD personal security devices, which are CO2 powered launchers designed as less-lethal alternatives to firearms [4]

Core Insights - Byrna Technologies Inc. (BYRN) is well-positioned to continue its earnings-beat streak, having a strong history of surpassing earnings estimates, particularly in the last two quarters with an average surprise of 90.00% [1][5] Earnings Performance - In the most recent quarter, Byrna Technologies reported earnings of $0.09 per share, exceeding the expected $0.05 per share, resulting in a surprise of 80.00% [2] - For the previous quarter, the company reported $0.10 per share against a consensus estimate of $0.05 per share, achieving a surprise of 100.00% [2] Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Byrna Technologies, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5][8] - The current Earnings ESP for Byrna Technologies is +15.39%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [8] Zacks Rank and Success Rate - The stock holds a Zacks Rank of 2 (Buy), which, when combined with a positive Earnings ESP, indicates a high probability of another earnings beat [8] - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% success rate in beating consensus estimates [6]

Core Viewpoint - Byrna Technologies Inc. (BYRN) is experiencing significant selling pressure, with a recent decline of 11.2% over the past four weeks, but is now positioned for a potential trend reversal as it enters oversold territory, supported by analyst expectations of better earnings than previously predicted [1] Technical Analysis - The Relative Strength Index (RSI) is utilized to determine if BYRN is oversold, with a current RSI reading of 29.16 indicating that the stock may soon experience a reversal towards its previous equilibrium of supply and demand [2][5] - RSI serves as a momentum oscillator that measures the speed and change of price movements, oscillating between zero and 100, with readings below 30 typically indicating an oversold condition [2][3] Fundamental Indicators - There is a strong consensus among sell-side analysts covering BYRN, leading to a 1% increase in the consensus EPS estimate over the last 30 days, suggesting that upward revisions in earnings estimates often correlate with price appreciation in the near term [6] - Byrna Technologies holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a favorable outlook for a potential turnaround [7]