Core Viewpoint - Byrna Technologies Inc. will hold a conference call on April 10, 2025, to discuss its financial results for the fiscal first quarter ended February 28, 2025 [1] Group 1: Conference Call Details - The conference call is scheduled for April 10, 2025, at 9:00 a.m. Eastern time [2] - Participants can join via toll-free dial-in at 877-709-8150 or international dial-in at +1 201-689-8354, with a conference ID of 13752594 [2] - The call will be broadcast live and available for replay on Byrna's website [3] Group 2: Company Overview - Byrna Technologies specializes in developing, manufacturing, and selling innovative less-lethal personal security solutions [4] - The company produces the Byrna® SD personal security device, a handheld CO2 powered launcher designed as a less-lethal alternative to firearms [4]

Core Viewpoint - Byrna Technologies Inc. has experienced a significant stock price decline of 39% over the past three months, contrasting with a 2.7% decline in the broader industry, indicating potential challenges in the small-cap service provider sector [1] Company Performance - Byrna achieved a record $28.0 million in sales for Q4 of fiscal 2024, driven by a successful celebrity endorsement program that yielded over 5X return on ad spend [3] - The company reported a remarkable 79% year-over-year sales growth for Q4, with net income improving from a loss of $0.8 million to a profit of $9.7 million, marking a $10.5 million increase [4] Growth Initiatives - Byrna is ramping up production, increasing launcher production by 33% to 24,000 units per month to meet rising market demand [5] - The company is expanding its retail presence and strengthening its footprint in Latin America through partnerships with law enforcement [6][7] Financial Health - Byrna's return on equity (ROE) stands at 15.39%, significantly higher than the industry average of 5.44%, indicating effective management and strong profitability [9] - The company has a robust liquidity position with a current ratio of 3.3, compared to the industry's 0.1, providing financial flexibility for growth investments [10] Future Outlook - Sales are projected to grow by 29.4% in fiscal 2025 and 17.2% in fiscal 2026, with the Zacks Consensus Estimate for fiscal 2025 earnings at 31 cents, remaining flat year-over-year [11][14] - Recent upward revisions in earnings estimates for fiscal 2025 and 2026 suggest a positive outlook, with a 10.7% increase for 2025 and a 29% increase for 2026 [16][17] Investment Potential - Byrna is positioned as a compelling growth investment due to its strong brand momentum, expanding market presence, and strategic initiatives [18][19] - The company is recognized with a Zacks Rank 1 (Strong Buy), indicating strong indicators of continued success and growth potential [20]

Industry Overview - The technology services industry is maturing with strong demand for services, and revenues, income, and cash flows are expected to gradually return to pre-pandemic levels, supporting stable dividends for industry players [2][3] - The global shift towards digitization is creating opportunities in markets such as 5G, blockchain, and artificial intelligence (AI), with the U.S. positioned for growth in smart technologies and security investments [4] - Companies are rapidly adopting generative AI, machine learning (ML), and data science to gain competitive advantages, with generative AI projected to grow at a 42% CAGR over the next decade, reaching a $1.3 trillion market by 2032 [5] Company Highlights Byrna Technologies Inc. (BYRN) - Byrna Technologies specializes in less-lethal self-defense technology, offering products like handheld personal security devices and shoulder-fired launchers [8][9] - The average short-term price target for BYRN shares indicates a potential increase of 93.2% from the last closing price of $19.03, with a target range of $33-$38 [11] - Expected revenue growth rate for BYRN is 29.4% for the current year, with earnings growth projected at 0% [12] LiveRamp Holdings Inc. (RAMP) - LiveRamp operates as a marketing technology company, providing data foundation and digital transformation services [13][14] - The average short-term price target for RAMP shares suggests a potential increase of 53.3% from the last closing price of $27.15, with a target range of $25-$50 [16] - Expected revenue and earnings growth rates for LiveRamp are 8.7% and 34.3%, respectively, for the next year [17] Dave Inc. (DAVE) - Dave offers various financial products, including personal financial management tools and digital banking services [18][19] - The average short-term price target for DAVE shares indicates a potential increase of 44.5% from the last closing price of $87.79, with a target range of $110-$142 [21] - Expected revenue and earnings growth rates for Dave are 22.3% and 26.9%, respectively, for the current year [21] Smiths Group plc (SMGZY) - Smiths Group operates in industrial technology across multiple segments, including mechanical seals and detection systems [22][23] - The average short-term price target for SMGZY shares suggests a potential increase of 19.7% from the last closing price of $26.18, with a target range of $32-$32 [25] - Expected revenue and earnings growth rates for Smiths Group are 14.4% and 12.8%, respectively, for the current year [26] UiPath Inc. (PATH) - UiPath provides an automation platform with robotic process automation solutions, incorporating AI and ML capabilities [27][28] - The average short-term price target for PATH shares indicates a potential increase of 10.8% from the last closing price of $10.82, with a target range of $10-$15 [29] - Expected revenue growth rate for UiPath is 6.8%, while earnings are projected to decline by 7.6% for the current year [30]

Industry Overview - The technology services industry is mature with strong demand for services, and revenues, income, and cash flows are expected to gradually return to pre-pandemic levels, supporting stable dividends for most players [1] - The industry is thriving in 2024, with continued momentum into the first quarter of 2025 [1][3] - The global shift towards digitization is creating opportunities in markets such as 5G, blockchain, and artificial intelligence (AI), with the United States leading in IT sector growth [3] Growth Drivers - Companies are rapidly adopting generative AI, machine learning (ML), blockchain, and data science to gain competitive advantages [4] - The worldwide generative AI market is projected to grow at a 42% CAGR over the next decade, reaching $1.3 trillion by 2032 [4] - There is robust demand for multi-cloud-enabled software solutions as businesses transition from legacy platforms to modern cloud-based infrastructures [4][5] Stock Recommendations - Five mid and small-cap technology services stocks are recommended for their strong short-term upside potential: Byrna Technologies Inc. (BYRN), LiveRamp Holdings Inc. (RAMP), Dave Inc. (DAVE), Smiths Group plc (SMGZY), and UiPath Inc. (PATH) [2][6] Company Highlights Byrna Technologies Inc. (BYRN) - Engaged in developing and selling less-lethal personal security solutions globally [9] - Average short-term price target indicates a potential increase of 93.2% from the last closing price of $19.03, with a target range of $33-$38 [11] - Expected revenue growth rate of 29.4% for the current year [12] LiveRamp Holdings Inc. (RAMP) - Operates as a marketing technology company providing data foundation and digital transformation services [13] - Average short-term price target suggests a potential increase of 53.3% from the last closing price of $27.15, with a target range of $25-$50 [16] - Expected revenue growth rate of 8.7% for next year [17] Dave Inc. (DAVE) - Provides various financial products and services, including personal financial management tools [18] - Average short-term price target indicates a potential increase of 44.5% from the last closing price of $87.79, with a target range of $110-$142 [20] - Expected revenue growth rate of 22.3% for the current year [20] Smiths Group plc (SMGZY) - Operates in industrial technology across multiple segments, including safety and security [21] - Average short-term price target suggests a potential increase of 19.7% from the last closing price of $26.18, with a target range of $32-$32 [24] - Expected revenue growth rate of 14.4% for the current year [25] UiPath Inc. (PATH) - Provides an end-to-end automation platform with a focus on robotic process automation solutions [26] - Average short-term price target indicates a potential increase of 10.8% from the last closing price of $10.82, with a target range of $10-$15 [28] - Expected revenue growth rate of 6.8% for the current year [29]

Group 1 - The article discusses the investment research service The Aerospace Forum, which focuses on the aerospace, defense, and airline industries, providing insights and data analytics to identify investment opportunities [1] - The analyst, Dhierin, has a background in aerospace engineering and covers nearly 90 companies in the aerospace and defense sector, highlighting the industry's significant growth prospects [1] - The service aims to offer context to industry developments and their potential impact on investment theses, driven by data-informed analysis [1] Group 2 - The article emphasizes that the analyst has no current stock or derivative positions in the companies mentioned, ensuring an unbiased perspective [1] - It clarifies that the views expressed are personal opinions and not influenced by any compensation from companies mentioned [1]

ANDOVER, Mass., March 13, 2025 (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 announced that its first U.S.-based ammunition production facility in Fort Wayne, Indiana is now operational. Located just five miles from Byrna’s existing launcher production facility, this expansion advances the Company’s transition to fu ...

Core Insights - Sportsman's Warehouse has announced an exclusive partnership with Byrna Technologies to create dedicated in-store and e-commerce shop-in-shops featuring Byrna's less-lethal personal security solutions [1][2][3] - The partnership aims to enhance customer experience by providing live-fire demonstrations and expert training in select locations, thereby increasing customer engagement and store traffic [2][3] Company Overview - Sportsman's Warehouse is an outdoor specialty retailer with 146 stores across 32 states, focusing on providing gear and exceptional service to a diverse customer base [2][4] - The company is committed to addressing year-round personal protection needs, positioning itself to expand its share in the personal protection market through this partnership [2][3] Partnership Details - The collaboration includes an exclusive shop-in-shop experience in big box specialty retail, with a focus on markets showing high consumer interest in personal protection [2][3] - Byrna's products have shown an 80% conversion rate when customers demo them live, indicating strong potential for customer acquisition through this partnership [3]

Core Insights - Sportsman's Warehouse has announced an exclusive partnership with Byrna Technologies to create dedicated in-store and e-commerce shop-in-shops featuring Byrna's less-lethal personal security solutions [1][2][3] - The partnership aims to enhance customer experience by providing live-fire demonstrations and expert training in select locations, thereby increasing customer engagement and driving store traffic [2][3] Company Overview - Sportsman's Warehouse is an outdoor specialty retailer with 146 stores across 32 states, focusing on providing gear and exceptional service to a diverse customer base [4] - The company is committed to meeting year-round personal protection needs, positioning itself to expand its share in the personal protection market through this partnership [2][3] Partnership Details - The partnership includes an exclusive shop-in-shop experience in big box specialty retail, with a focus on markets with high consumer interest in personal protection [2] - Byrna's products have shown an 80% conversion rate when customers demo them live, indicating strong potential for customer acquisition through this initiative [3]

Core Viewpoint - Byrna Technologies Inc. reported a significant 57% year-over-year revenue growth for the fiscal first quarter of 2025, driven by successful marketing strategies and increased production levels [2][4]. Financial Performance - Total revenue for Q1 2025 is expected to be $26.2 million, up from $16.7 million in Q1 2024, marking a 57% increase [2]. - E-commerce sales contributed $6.7 million, accounting for 74% of total sales for the quarter [3]. - A record 68,916 launchers were produced in Q1 2025, representing a 26% increase from Q4 2024 and a 219% increase year-over-year [3][5]. Sales Channel Breakdown - Web sales reached $19.4 million, a 53% increase from $12.7 million in Q1 2024 [5]. - Sales through Byrna Dedicated Dealers increased by 76%, from $2.5 million to $4.4 million [5]. - International sales grew by 56%, from $1.3 million to $2.0 million [5]. Management Insights - The CEO noted that Q1 2025 showed resilience with only a 6% sequential decrease from the strongest quarter, indicating growing brand awareness due to a revamped marketing strategy [4]. - The company is leveraging celebrity endorsements and expanding retail presence to support its growth targets [5]. Supply Chain and Tariff Management - Byrna is well-positioned to manage trade policy changes with minimal impact on costs, as it sources no critical components from Mexico or Canada and has limited exposure to China [7]. - The company plans to move most of its supply chain to the U.S. in 2025, enhancing its commitment to domestic manufacturing [7]. Upcoming Events - Byrna plans to report full financial results for Q1 2025 in April, accompanied by a conference call for investors and analysts [8].

Core Viewpoint - Byrna Technologies (NASDAQ: BYRN) has had its price target increased from $30 to $86 per share, indicating a potential upside of 150% from the current price [1] Company Analysis - The analyst has a long position in Byrna Technologies, indicating confidence in the company's future performance [2] - The investment strategy focuses on small to mid-cap companies with disruptive technology, suggesting a targeted approach to identifying growth opportunities [1] Historical Context - The analyst has a background in investment, having experienced significant market events such as the 1929 stock market crash and the dot-com bubble, which informs their investment strategy [1] - The family history of investing includes a focus on sectors like computers, banking, transport, and utilities, indicating a diverse investment background [1] Investment Strategy - The investment horizon is typically two years, but the analyst often holds investments for longer periods, reflecting a long-term growth perspective [1] - The emphasis on cutting losses early and allowing winners to run suggests a disciplined investment approach [1] Market Focus - Current focus is on the electrification of various sectors, indicating a trend towards sustainable and innovative technologies [1]