Byrna Technologies Inc. (BYRN) on Q2 2021 Results - Earnings Call Transcript
Operator: Greetings, and welcome to the Byrna Technologies Fiscal Second Quarter 2021 Earnings Conference Call and Webcast. As a reminder, this conference call is being recorded and all participants are in listen-only mode. Before turning the call over to Bryan Ganz, Byrna Technologies Chief Executive Officer, I will read the Safe Harbor statement. Some discussions made today may include forward-looking statements. Actual results could differ materially from the statements made today. Please refer to Byrna’s most recent 10-K and 10-Q filings for a more complete description of risk factors that could affect these projections and assumptions. The company assumes no obligations to update forward-looking statements as a result of new information, future events or otherwise. Bryan Ganz: Thank you so much. Good morning, everyone, and welcome to Byrna’s second quarterly earnings call for fiscal 2021. The second quarter was a very busy time at Byrna, marked by several important milestones. First, we reported record revenues of $13.4 million. Second, we had record production, producing a total of 28,000 Byrna HD launchers in our Fort Wayne and South African production facilities. Third, this was our first quarter of positive net income on a GAAP basis. We reported gaap net income of approximately $2 million. Our CFO David North will discuss our financial performance in more detail in a few minutes. Fourth, we reported our third consecutive quarter of non-GAAP adjusted net income of approximately $3 million, up from $421,000 in Q1, and $221,000 in Q4 of last year. In addition to these financial milestones, there were a number of strategic milestones. In May, we completed a strategic acquisition of the assets of Mission Less Lethal, one of leading U.S. manufacturers of 68-caliber, shoulder-fired non-lethal launchers for law enforcement and other security professionals. This acquisition broadens our product offering, opens new markets and creates cross selling opportunities. As part of the acquisition we acquired in perpetuity, the exclusive rights for the use of the non-lethal market of all IP underpinning the assets acquired. This IP coupled with Byrna’s existing IP portfolio creates a meaningful barrier to anyone looking to enter our market segment. On the capital markets front, there were two events of note. In early May, our common stock began trading on the NASDAQ capital market. We expect the NASDAQ listing will help elevate Byrna’s public profile, it will enable us to expand our shareholder base, and as a result improve trading liquidity. On Monday Byrna was added to the Russell 3000 and Russell 2000 indices as part of the annual Russell reconstitution. This quarter’s accomplishments are the result of extremely hard work and total commitment, unrivaled effort by the entire Byrna team, from our factory workers and distribution personnel, our customer service representatives, our R&D team, supply chain professionals and senior management, all of whom I will tell you have made personal sacrifices for the betterment of Byrna, because they believe in our mission. David North: Thanks, Bryan, and thanks everyone for joining us. Now I'd like to review the financial results for the fiscal second quarter ended May 31, 2021, provide an update on the company's liquidity position and discuss the company's full year 2021 outlook. Revenues for the second quarter 2021 were $13.4 million, compared to $1.2 million in the second quarter of 2020. The year-over-year increase was driven by increased demand for our Byrna HD personal security device, enhanced market awareness of our brand, and improved production volume following the opening of our manufacturing facility in Fort Wayne, Indiana in October 2020. As for gross profit, second quarter gross profit rose to $7.6 million, representing a 56.4% gross profit margin in comparison to the $516,000 gross profit, and 43.4% gross profit margin that we recorded in the prior year period. The increase in gross profit dollars and margin were driven by the higher sales and production volumes referenced earlier. Gross margin is expected to moderate in third quarter, as we will begin to fulfill more dealer orders which are lower margin than our e-commerce orders. That being said, we expect gross margin to benefit in the fourth quarter and beyond from introduction of new higher margin products, such as the Byrna SD, Byrna LE, and shoulder-fired launchers acquired in the Mission acquisition. Operating expenses for the second quarter were $5.5 million or roughly 41% of revenues, compared to $1.4 million dollars or 115% in the prior year period. The year-over-year increase was driven largely by investments in corporate infrastructure, necessary to support Byrna’s growth in sales and production. This includes expanding our management team and administrative staff, and incremental operational expenses necessary to effectively manage our growth as a public company. Net income for the second quarter of 2021 was $2.0 million, compared with a net loss of $8.1 million in the second quarter of 2020. This represents our first quarter of positive net income on a GAAP basis. Adjusted for approximately $0.9 million of non-recurring costs, non-GAAP net income was approximately $3.0 million, compared with a loss of $0.8 million for the comparable period in the prior year. Non-GAAP adjusted EBITDA was $3.3 million compared with a loss of $0.7 million for the first quarter of fiscal 2020. Bryan Ganz: Thanks, David. Last quarter, we introduced two new products, the Byrna Boost and the Byrna HD XL, and started taking preorders. I have to say we're extremely encouraged by the market response with sales of both the Boost and the Byrna XL exceeding expectations. We started shipping both of these products earlier this month. Innovation and new product development have always been at the heart of everything we do here at Byrna Technologies. These new products are critical not only to driving sales growth, but to maintaining our position as a technology leader in the less lethal space. I want to take this opportunity to share with you some of the new products we have in the development pipeline. First is the Byrna SD, we expect to begin offering the Byrna SD in early August. The Byrna SD boasts an improved trigger and enhanced sighting system and honeycomb grips. And while the Byrna SD is essentially an updated version of our current Byrna HD, the improvements when taken together result in a product that is even more reliable and even easier to operate in our current extremely popular Byrna HD. The Byrna SD which is now in production in our Fort Wayne, Indiana manufacturing facility will be produced exclusively in the U.S. for the U.S. market. Operator: Thank you. At this time, we will be conducting a question-and-answer session. Our first question comes from Brian Gesuale with Raymond James. Please proceed with your question. Brian Gesuale: Yeah. Good morning. Congrats on the strong quarter. Just a couple of questions. First, Bryan, you've got an awful lot of new products out there, do you have any sense for how you might think the SKU distribution works between the various products, as we start to think about what the mix looks like in 2022 and 2023? And then I have a couple of follow-ups. Bryan Ganz: Okay, thank you very much, Brian. That's a great question. It's something frankly, we've been grappling with. We do believe that the Byrna SD is going to displace the Byrna HD over time. We will continue to offer both the HD and SD for some period of time, because there'll be a $40 difference in MSRP. But ultimately, we plan to phase out the Byrna HD and replace it with the SD. We think that the LE, which will sell for $100 more than the Byrna SD is going to augment our law enforcement penetration, and we think that this will be primarily a law enforcement version of the Byrna. And we don't believe it's going to take away much in sales from the Byrna SD. The shoulder-fired launchers, the Byrna M-4, the TCR ultimately the Pump Action Launcher, we don't expect these to sell in the same numbers that we're selling the handheld devices, because they're much more expensive launchers and designed, frankly, largely for the professional market. But, we do think that there'll be a good market for all of these. I don't think we're going to sell hundreds of thousands of these, like we do -- like we expect to do with the handheld devices. But I do expect that we will sell tens of thousands of these launchers. So, we believe that this suite of product gives us the ability to meet for the security professionals, all of the various missions that they have to undertake, and also to supply our consumers with a broad range of products. If you look at for example, Remington or Ruger or Glock, they have a wide range of products, all of which sell well. We expect the same thing to be true with Byrna. Brian Gesuale: Great, that's very helpful. Wondering also to then if you can kind of think about where the sales come from, and you can go out a couple of years again, as the channel strategy matures and evolves with Amazon and others, potentially. How long we think the direct to channel kind of shapes out? Or, what's your ideal target and again, you can take us out a few years? Bryan Ganz: We've been obviously asking ourselves the same question. I'll be frank with you, I have no idea what our sales on Amazon are going to be. I don't know if it's going to be three a day, 30 a day, or 300 a day. But if we look at, let's just say, Yeti as an example, this is a well-known brand name. They do about 40% of their business on e-commerce, and about two-thirds of that is through their own website, and a third through Amazon, and 60% of their business is done through dealer sales. Although, I don't expect us to achieve those metrics in the short-term, I think over the longer-term that probably is going to be not too dissimilar from where we end up, particularly where we already have 1500 brick-and-mortar stores. I think that everybody can recognize the ability to go into the store and physically hold the product, makes the purchasing experience that much better. So we think that the brick-and-mortar stores are going to be an important part of our distribution channel. So, we think there's going to be a place for Amazon, for our own direct DTC, and for the very important brick-and-mortar dealer base. Brian Gesuale: Great. And then final one for me, and then I'll jump back in the queue. We're pretty excited about the opportunity for ammunition really to grow as the installed base grows, and then certainly with the eco rounds that you've got coming from a new product standpoint. Can you tell us maybe any really early indications of how the installed base is starting to drive ammunition revenue? Bryan Ganz: We've had such rapid growth of new product sales that we've never gotten to the point, where we have a good handle on what the reorders are going to be for the installed base. That said, we can look to a couple of other comps for some guidance. So, we purchased the assets of Mission less lethal earlier this year. Last year, 55% of their sales came from ammunition and 45% came from launchers. Although, PepperBall is a private company, our understanding is they have a very similar mix of 50% from ammunition and 50% from launchers. I think when our growth starts to flatten out, and we hope that doesn't happen for many, many years, but at that point, I think that we'll see something similar. And if you look to the gun industry for guidance, the average gun owner owns three and a half weapons. They usually over the first 18-months of ownership will spend as much on ammo and accessories as the initial purchase price of the weapon. And then if they started off with a 9-millimeter, they may buy a 45, or they may buy a revolver, this is also one of the reasons we want to have multiple options. We think that people that have a Byrna HD, when we come up with the LE, when we come up with a PE will also purchase these weapons, and go through sort of a reengagement with the Byrna, which will help drive ammo sales. So, that was kind of a convoluted answer. But I think in the long-term, we expect ammo to be about 50% of our revenues. Brian Gesuale: Great. That's very helpful. Thanks a lot. I'll jump back into the queue. Bryan Ganz: Thank you, Brian. Operator: Thank you. Our next question comes from Jon Hickman with Ladenburg Thalmann. Please proceed with your question. Jon Hickman: Hi. Congratulations from me too Bryan. That was well above my expectations as far as revenues go. Could you talk about -- with all the growth in new products et cetera, could you talk about your expense, your operating expenses? Like, do you have a team in place now that you need? And what can we expect from like OpEx growth going forward percentage wise? Bryan Ganz: Jon, I'm going to turn this over to David North to answer this question. David North: Yeah, that is a good question. I think the last earnings quarterly call, we said that operating expenses should remain flat. And I think we were asked what do we mean the percentage or dollars, and we kind of said, yeah. Where we are, I think is that this company has over the past 18-months, very successfully lift a stair riser in corporate growth. We've gone from being a very small company to one with structure manufacturing facilities, and so on. And that has meant building an administrative structure as well with those operating costs. So we've seen a very quick rise in operating expenses, as we built that corporate structure. But the structure is in place now. We have the team in place. So, we expect to see that number leveling off, not perfectly, not in dollar terms, or in percentage terms, but not growing as fast as it was before. A part of that number is variable, such as freight out to customers, or credit card transaction processing fees, and that will grow with the sales line. And a part of it is more fixed in terms of our headcount and payroll costs, which is a major part of the cost structure. And that should be continuing to grow with the company, but as I say, much more slowly. So there isn't an exact answer to your question, but hopefully that gives you some guidance. Jon Hickman: Okay. Just quickly, what is your what do you call it production capabilities or production line? Are there any components that you can't or that you're having a hard time sourcing? And, are you still able to -- is there still room in your, like supply chain and production line to eke out some efficiencies there and increase the gross margin? Bryan Ganz: The answer to that question is, yes. We really haven't spent a significant amount of time on trying to eke out cost savings and efficiencies in the supply chain, because as I'm sure most people on this call know, there's been a significant disruption to supply chains across the world over the last 18-months. That said, as things are starting to get back to normal, we think that there are significant opportunities to get savings. There's significant opportunities in freight alone. Freight costs have been extraordinarily high, unusually high during the pandemic. Now that things are starting to settle down that the airlines are flying again, we're seeing opportunities to reduce freight costs already. In addition, because of the rapid growth, we were putting a lot of pressure on our suppliers to meet increasingly large orders. We think now with this expanded supplier base, we will be able to go back to them and start to negotiate better pricing. Currently, we're running only one shift today in South Africa, and in Fort Wayne. And to be honest with you, we're not even at full capacity on that one shift. So, in terms of our own manufacturing capacity, we have significant opportunity to expand. I don't want to suggest that we can go to a 24X7 for shift operation, but we could easily go to a two or two and a half shift operation, which would take our production capacity from sort of 1,000 units a day that we're capable of doing today up to 2,000 or 2,500 units a day. So from our standpoint, from our own perspective, our own manufacturing capabilities, we have significant upside potential. And I will say we're working with some really outstanding suppliers increasingly more and more suppliers here in the U.S. And I don't see at this point and I wish I had some wood to knock on, but I don't see any issues with any current supply. Jon Hickman: Okay. Just one last question. I'm intrigued with the ammunition, the new product where you make this the Byrna projectile available for shotgun owners. Can you – like, how are you going to get the word out to the millions of shotgun owners that this capability exists? What kind of marketing? Can you talk about that for a minute? Bryan Ganz: Yeah. Again, I think it's a little premature before we have the round to discuss the marketing. But clearly, as we thought about how to go to market with this, we are going to need to partner with one or more ammunition manufacturers, because we will not produce the shotgun casing. We are not going to get into that business. There's a lot of manufacturers that do that today, both the large players like Winchester and Federal and Horde , and to be honest with you, a slew of smaller specialty manufacturers. We are going to provide the 68-caliber fintail projectile and the wad necessary for them to put it into a shell that they produce. This development will have to be a co-development project because of course, the speed of which it flies is going to be critical. But we would anticipate that this would be sold under the Byrna brand, on our own website and likely on Amazon, but would also be sold under the brand of these large manufacturers that have distribution in 190 countries around the world, because otherwise we wouldn't be able to get to all of the various shotgun owners, scattered across the globe. Jon Hickman: So we could look forward to some kind of announcement about a partnership sometime in the future. Bryan Ganz: Correct. Jon Hickman: Okay. Thanks. That's it for me. And, again, nice quarter. Bryan Ganz: Thank you, Jon. Operator: Thank you. Our final question comes from Jeff Van Sinderen with B. Riley & Company. Please proceed with your question. Jeff Van Sinderen: Good morning, everyone. And let me add my congratulations. Putting aside the shotgun projectiles, just wanted to follow-up on overall marketing and advertising plans, as you’ve launched other new products. And, I guess, anything you're doing in that vein around the Amazon launch. Bryan Ganz: We are working every single day on figuring out how to get the word out. You've heard me say this before, that I don't know whether the market is 1%, 5% or 10% of homeowners. But it's only 1%, 5% or 10% of those homeowners we can get in front of. So the issue is how do we get in front of more people. I think we've been very, very lucky that we've had some help from people like Sean Hannity, but we are also getting more and more smaller influencers that are promoting the Byrna. So, we're initiating an influencer campaign. We've recently reached an agreement with a couple of different marketing companies that will provide us with a 50 smaller influencers. Again, I don't think that, we're in a position where we're going to find other Sean Hannity’s to promote the product, but clearly, if we can get 50 smaller influencers that can do the same thing. We're also doing more and more on Facebook and Google. One of the issues that we've had on Facebook and Google is the difficulty with our product, because it is considered a weapon, we have to be very careful about the ads. That said, we are starting to introduce non weapon products. One of the things I didn't talk about but we will be introducing in four weeks is a high decibel key fob called the Byrna Banshee. This is something that we will retail for $25 on our website. We think it will be an ideal back to school product for college students. If you yank it, you can put it on your key chain, you can put it on your purse or your belt. And if you yank it loose, it emits a flashing light and 130 decibel siren, personal alarm. We think that these types of products will allow us to advertise more broadly than we can today. So, we think that if we can get influencers to help with the promotion of the Byrna that also use other non-weapon products to get more time on Facebook and Google will be able to get in front of a broader audience. Jeff Van Sinderen: Okay, great. And then, just turning to Mission for a moment. Anymore color you can give us on the integration of the Mission acquisition? And then, I guess, can you speak more about sort of the product development or product evolution of some of the legacy Mission products and the benefits of having their IP? Bryan Ganz: Okay. It's important to understand that the Mission acquisition was really an acquisition of a product suite and of IP. Mission, last year did $2.6 million in sales, a lot of that was ammo driven by the civil unrest. So, they never really had a significant presence in the market. But what they had was the IP from the parent company, which was Tippmann Arms, or Tippmann rather, and G.I. Sportz, which was reconstituted out of bankruptcy under Kore. So what Byrna acquired was the exclusive right to all of this IP for the less lethal market. What that did for us, is it created somewhat of a barrier to entry or a moat around this 68-caliber CO2 fired launcher business. Because things like the ability to puncture the CO2 cartridge with a pull of the trigger, there are only two patents in the world that cover that. One belongs to us, the other belongs to Tippmann, or Kore. We now control both patents for the less lethal market, which means that our competitors like PepperBall can only pierce the CO2 cartridge by having to screw it in, which makes it not a point and shoot weapon. So, the real drive behind this was to sort of pull off the cartridge behind us. We also got access to some really nice products. That said, we are in the process of what we're calling Byrnarising these products. So, we think that we can take the Mission-4 and turn it into Byrna M-4, we can take the Mission TCR and turn it into Byrna TCR with some minor tweaks, utilizing both the IP that we acquired from Mission and the very substantial IP portfolio that Byrna has created on its own. So, what we didn't want to do was simply go directly to market with these products as they are. We don't want to take any risk of damaging the Byrna brand. We think the Byrna brand represents quality. And this is why we're not simply selling Mission products today. We're going through the process of Byrnarising these products and putting them into our own quality control system to make sure that we can be proud of what we produce and sell. David North: And I'd say, in just short answer to your question about integration, we see this as an acquisition of assets, not a combination of businesses. Bryan Ganz: Yeah. In fact, there was only one employee that came over with the acquisition. Jeff Van Sinderen: Okay. Great to hear. Thanks for taking my questions, and best of luck in the next quarter. Bryan Ganz: Thanks, Jeff. Operator: Ladies and gentlemen, we have reached the end of the question-and-answer session. I will now turn the call over to management for closing remarks. Bryan Ganz: Thank you very much. Again, I want to thank everybody for their support. This has been a very exciting couple of years for us at Byrna, and it's gratifying to see things play out as we had planned. We look forward to keeping everybody up to date on our progress going forward. Thank you so much. Operator: This concludes today's conference and you may disconnect your lines at this time. Thank you for your participation. Have a wonderful day.
Byrna Technologies Inc. (NASDAQ:BYRN) Reports Fiscal Q2 Earnings
- Byrna Technologies Inc. (NASDAQ:BYRN) doubles its EPS to $0.10, surpassing Zacks Consensus Estimate.
- Revenue reached $28.51 million, indicating strong growth and exceeding estimates.
- Plans for expansion include opening 10 more store-within-a-store locations, aiming to boost its retail presence.
Byrna Technologies Inc. (NASDAQ:BYRN) is a company that specializes in less-lethal personal security solutions. It has recently reported its financial results for the fiscal second quarter ending May 31, 2025. The company is known for its innovative products, such as the Byrna Compact Launcher (CL), which is smaller yet equally powerful as its flagship product. Byrna's products are available on platforms like Amazon and in physical retail locations, including Sportsman’s Warehouse.
On July 10, 2025, Byrna reported earnings per share (EPS) of $0.10, doubling the Zacks Consensus Estimate of $0.05. This represents a 100% earnings surprise, although it is a slight decrease from the $0.13 EPS reported in the same quarter last year. Byrna has consistently outperformed earnings expectations over the past four quarters, showcasing its ability to deliver strong financial results.
In terms of revenue, Byrna generated $28.51 million for the quarter, slightly exceeding the estimated $28.47 million. This is a significant increase from the $20.27 million reported in the same period the previous year. Byrna has surpassed consensus revenue estimates in three of the last four quarters, indicating a strong growth trajectory within the Zacks Technology Services industry.
Byrna's financial metrics reveal a price-to-earnings (P/E) ratio of approximately 38.93 and a price-to-sales ratio of about 5.56. The enterprise value to sales ratio is roughly 5.52, while the enterprise value to operating cash flow ratio is -169.50, indicating potential challenges in cash flow generation. Despite this, Byrna maintains a low debt-to-equity ratio of 0.043 and a strong current ratio of 3.63, suggesting good short-term financial health.
The company is expanding its retail presence, with five company-owned locations averaging $69,000 in sales. Byrna plans to open 10 more store-within-a-store locations in the third quarter, building on its existing 12 locations with Sportsman’s Warehouse. This expansion, along with its presence on Amazon, positions Byrna well for continued growth in the personal security solutions market.
Byrna Technologies Inc. (NASDAQ:BYRN) Sees Positive Analyst Sentiment Amidst Earnings Concerns
- Analyst optimism is on the rise for Byrna Technologies Inc. (NASDAQ:BYRN), with a significant increase in the consensus price target and an upgrade to a Zacks Rank #1 (Strong Buy).
- Despite the positive sentiment, there's an expectation of a decline in the upcoming earnings report, suggesting potential challenges ahead.
- Byrna's stock has experienced an 18% surge, indicating investor confidence, though earnings estimate revisions hint at possible near-term price stabilization.
Byrna Technologies Inc. (NASDAQ:BYRN) specializes in less-lethal defense technology, offering products like the Byrna SD and Byrna SD .68 caliber for civilians and security professionals. Their product range includes the Byrna Banshee and Byrna Shield. Operating mainly in the U.S. and South Africa, Byrna is a key player in the personal security market.
The consensus price target for Byrna has seen a notable increase over the past year, rising from $22.54 to $37, as highlighted by Raymond James. This reflects growing analyst optimism about Byrna's future. The company's recent upgrade to a Zacks Rank #1 (Strong Buy) further underscores this positive sentiment.
Despite the positive outlook, analysts predict a decline in Byrna's upcoming earnings report. This suggests that the company may not meet earnings expectations, as noted by Raymond James. However, Byrna's history of surpassing earnings expectations could still play a role in its future performance.
Byrna's stock recently surged by 18%, driven by higher-than-average trading volume. This increase aligns with Wall Street's prediction of a 26.8% upside for the stock. However, the current trend in earnings estimate revisions suggests that this may not lead to further price increases in the near term.
Byrna is expanding its sales channels and improving profitability, with a 57% year-over-year net revenue increase in Q1 2025. The company maintains strong liquidity and no significant debt, despite a high price-to-earnings ratio. Byrna's growth potential and strategic initiatives, like the upcoming Compact Launcher, position it well for future success.
Byrna Technologies (NASDAQ:BYRN) Maintains "Buy" Rating and Sees Price Target Increase
- Roth Capital maintains a "Buy" rating for Byrna Technologies (NASDAQ:BYRN), raising the price target from $33 to $37.
- Byrna Technologies has been upgraded to a Zacks Rank #1 (Strong Buy), indicating a positive earnings outlook.
- The stock price of Byrna Technologies is $32.04, with a market capitalization of approximately $726.6 million, showcasing its potential for significant price movements.
Byrna Technologies (NASDAQ:BYRN) is a company known for its non-lethal self-defense products. It has gained attention in the market for its innovative solutions that cater to both personal and professional security needs. The company operates in a competitive landscape, with other firms offering similar non-lethal defense products. However, Byrna's focus on innovation and quality has helped it carve out a niche in this sector.
On July 9, 2025, Roth Capital maintained its "Buy" rating for Byrna Technologies (NASDAQ:BYRN), with the stock priced at $32.04. This endorsement from Roth Capital is significant, as it also raised the price target for Byrna from $33 to $37. This suggests confidence in Byrna's potential for growth and profitability, which is a positive signal for investors.
Supporting this optimism, Byrna Technologies has been upgraded to a Zacks Rank #1 (Strong Buy). This upgrade reflects an upward trend in earnings estimates, which is a crucial factor in stock price movements. The Zacks rating system is known for its focus on a company's earnings outlook, providing a more objective measure for investors compared to traditional Wall Street analyst ratings.
Currently, Byrna's stock price is $32.04, showing a slight decrease of 0.13, or -0.40%, from the previous trading session. Despite this minor dip, the stock has traded between $31.91 and $33.45 today, indicating some volatility. Over the past year, BYRN has seen a high of $34.78 and a low of $7.79, showcasing its potential for significant price movements.
Byrna Technologies has a market capitalization of approximately $726.6 million, reflecting its size and presence in the market. With a trading volume of 93,391 shares today, the stock is actively traded on the NASDAQ exchange. This level of activity suggests that investors are closely watching Byrna, likely due to its promising earnings prospects and recent analyst upgrades.
Byrna Technologies Inc. (NASDAQ:BYRN) Earnings Preview: Key Financial Insights
- Wall Street analysts predict an earnings per share (EPS) of $0.05 and revenue of approximately $28.5 million for the upcoming quarterly earnings.
- The company's price-to-earnings (P/E) ratio is 52.51, and its price-to-sales ratio is 7.99, indicating market valuation of its earnings and revenue.
- Byrna maintains a strong liquidity position with a current ratio of 3.99, showcasing its ability to cover short-term liabilities.
Byrna Technologies Inc. (NASDAQ:BYRN) is a company that specializes in less-lethal personal security solutions. As it prepares to release its quarterly earnings on July 10, 2025, Wall Street analysts predict an earnings per share (EPS) of $0.05 and revenue of approximately $28.5 million. The market is keenly observing whether Byrna can meet or exceed these expectations.
Analysts from Zacks Investment Research expect Byrna to report a decline in earnings for the quarter ending May 2025, despite an increase in revenues. The Zacks Consensus Estimate aligns with Wall Street's EPS prediction of $0.05. The upcoming earnings call will be crucial, as management's insights could impact the stock's price and future earnings expectations.
Byrna's financial metrics provide insight into its market valuation. The company has a price-to-earnings (P/E) ratio of 52.51, indicating how the market values its earnings. Its price-to-sales ratio is 7.99, reflecting the market's valuation of its revenue. Additionally, the enterprise value to sales ratio is 7.93, showing the market's valuation of the company's total worth relative to its sales.
The enterprise value to operating cash flow ratio is notably high at 188.05, suggesting the market places a significant value on Byrna's cash flow generation. The company's earnings yield is 1.90%, which is the inverse of the P/E ratio. Byrna's debt-to-equity ratio is low at 0.045, indicating a conservative approach to using debt in its capital structure.
Byrna Technologies also maintains a strong liquidity position, with a current ratio of 3.99. This indicates the company's ability to cover short-term liabilities with its short-term assets, providing a buffer against financial uncertainties. As the earnings release approaches, these financial metrics will be closely watched by investors and analysts alike.
Byrna Technologies Inc. (NASDAQ:BYRN) Quarterly Earnings Preview
- Byrna Technologies Inc. (NASDAQ:BYRN) is expected to report earnings per share of $0.05 and projected revenue of $28.5 million.
- The company's high price-to-earnings (P/E) ratio of 48.32 indicates strong investor confidence in its future growth potential.
- Byrna showcases a solid financial health with a low debt-to-equity ratio of 0.045 and a current ratio of 3.99, suggesting a stable financial position.
Byrna Technologies Inc. (NASDAQ:BYRN) specializes in less-lethal personal security solutions and is gearing up to release its quarterly earnings on Tuesday, July 8, 2025. Analysts are anticipating the earnings per share to be $0.05, with projected revenue of around $28.5 million. The company plans to discuss these results in a conference call on July 10, 2025.
The financial results will encompass the fiscal second quarter ending May 31, 2025. Byrna's management will spearhead the presentation and engage in a Q&A session afterward. Participants are encouraged to join the call by dialing the provided numbers, ideally connecting 10 minutes early to ensure participation. This call is expected to offer valuable insights into the company's performance and its future outlook.
Byrna's financial metrics offer intriguing insights. The company's price-to-earnings (P/E) ratio of 48.32 demonstrates that investors are willing to pay over 48 times the company's earnings from the past year, signaling strong investor confidence in Byrna's future growth potential. Additionally, the price-to-sales ratio of 7.35 indicates that investors pay $7.35 for every dollar of sales, with an enterprise value to sales ratio of 7.30, reflecting the company's high valuation relative to its sales. This could be attributed to its innovative product offerings.
Furthermore, Byrna's financial health appears robust, with a debt-to-equity ratio of 0.045, indicating a conservative approach to leveraging equity. The current ratio of 3.99 showcases a strong ability to cover short-term liabilities with short-term assets, suggesting that Byrna is in a stable financial position, potentially reassuring investors about the company's financial health.
Byrna Technologies Inc. (NASDAQ:BYRN) Surpasses Earnings Expectations with Strong Financial Performance
- Byrna Technologies Inc. (NASDAQ:BYRN) reported earnings per share of $0.06, significantly beating the estimated $0.02.
- The company's revenue reached approximately $26.19 million, a 57% year-over-year growth, driven by new retail channels and expanded U.S. manufacturing capabilities.
- Byrna maintains a strong financial position with a debt-to-equity ratio of approximately 0.045 and a current ratio of about 3.99, indicating low debt levels and high liquidity.
Byrna Technologies Inc. (NASDAQ:BYRN) is a company known for its non-lethal personal security devices. It has been gaining attention for its innovative products and expanding market presence. The company competes with other security device manufacturers, but its focus on non-lethal solutions sets it apart. Byrna's recent financial performance highlights its growth trajectory and strategic advancements.
On April 10, 2025, Byrna reported earnings per share of $0.06, surpassing the estimated $0.02. This marks a significant improvement from the $0.04 per share reported in the same quarter last year. The company's ability to exceed expectations reflects its strong operational performance and strategic initiatives, as discussed during its Q1 2025 earnings conference call.
Revenue for the first quarter of 2025 reached approximately $26.19 million, exceeding the estimated $25.55 million. This represents a 57% year-over-year growth, driven by new retail channels and expanded U.S. manufacturing capabilities. Byrna's strategic focus on these areas has contributed to its impressive revenue growth, as highlighted by the company's leadership during the earnings call.
Byrna maintains a strong financial position, with a debt-to-equity ratio of approximately 0.045, indicating low debt levels relative to its equity. This conservative approach to debt management provides the company with financial stability. Additionally, Byrna's current ratio of about 3.99 suggests it has ample current assets to cover its current liabilities, ensuring liquidity and operational flexibility.
The earnings call, attended by analysts such as Jeff Van Sinderen from B. Riley Securities and Jon Hickman from Ladenburg Thalman, provided valuable insights into Byrna's financial performance and strategic direction. The company's leadership, including CEO Bryan Ganz and CFO Lauri Kearnes, emphasized the importance of these results in positioning Byrna for continued growth and success in the non-lethal security market.
Byrna Technologies Inc. (NASDAQ:BYRN) Surpasses Earnings Expectations with Strong Financial Performance
- Byrna Technologies Inc. (NASDAQ:BYRN) reported earnings per share of $0.06, significantly beating the estimated $0.02.
- The company's revenue reached approximately $26.19 million, a 57% year-over-year growth, driven by new retail channels and expanded U.S. manufacturing capabilities.
- Byrna maintains a strong financial position with a debt-to-equity ratio of approximately 0.045 and a current ratio of about 3.99, indicating low debt levels and high liquidity.
Byrna Technologies Inc. (NASDAQ:BYRN) is a company known for its non-lethal personal security devices. It has been gaining attention for its innovative products and expanding market presence. The company competes with other security device manufacturers, but its focus on non-lethal solutions sets it apart. Byrna's recent financial performance highlights its growth trajectory and strategic advancements.
On April 10, 2025, Byrna reported earnings per share of $0.06, surpassing the estimated $0.02. This marks a significant improvement from the $0.04 per share reported in the same quarter last year. The company's ability to exceed expectations reflects its strong operational performance and strategic initiatives, as discussed during its Q1 2025 earnings conference call.
Revenue for the first quarter of 2025 reached approximately $26.19 million, exceeding the estimated $25.55 million. This represents a 57% year-over-year growth, driven by new retail channels and expanded U.S. manufacturing capabilities. Byrna's strategic focus on these areas has contributed to its impressive revenue growth, as highlighted by the company's leadership during the earnings call.
Byrna maintains a strong financial position, with a debt-to-equity ratio of approximately 0.045, indicating low debt levels relative to its equity. This conservative approach to debt management provides the company with financial stability. Additionally, Byrna's current ratio of about 3.99 suggests it has ample current assets to cover its current liabilities, ensuring liquidity and operational flexibility.
The earnings call, attended by analysts such as Jeff Van Sinderen from B. Riley Securities and Jon Hickman from Ladenburg Thalman, provided valuable insights into Byrna's financial performance and strategic direction. The company's leadership, including CEO Bryan Ganz and CFO Lauri Kearnes, emphasized the importance of these results in positioning Byrna for continued growth and success in the non-lethal security market.
