Byrna Technologies Inc. (BYRN) Post Earning Analysis
Byrna Technologies, Inc. is a leader in non-lethal self-defense solutions, specializing in the development, manufacture, and sale of innovative personal security products. Founded in 2005 and based in Andover, MA, the company serves a global market, including the United States, South Africa, Europe, South America, Asia, and Canada, catering to the growing demand for safer self-defense options.
The current price of the asset at $26.66 represents a significant uptick of 16.8% today, indicating a strong bullish movement in the short term. This price is closer to the week’s high of $27.63 than the low of $21.56, suggesting recent upward momentum.
From a longer-term perspective, the asset has rebounded considerably from its 52-week low of $13.1, with a current increase of over 103%. However, it remains 23.35% below the 52-week and year-to-date high of $34.78, indicating there might still be room for growth before it reaches its previous peak levels.
The moving averages show a positive trend, particularly with the asset trading above the 20-day, 50-day, and 200-day moving averages by 22.37%, 27.24%, and 9.81% respectively. This indicates sustained bullish sentiment over these periods.
The RSI at 74.9 suggests the asset is nearing overbought territory, which could signal a potential pullback or consolidation in the near future. The MACD of 0.85 supports the current upward trend, but caution may be warranted if the RSI continues to climb.
Overall, the asset shows strong recent performance with potential caution advised due to the high RSI value.
Price Chart
Byrna Technologies Inc. (BYRN) reported a robust financial performance for Q3 2025, announcing a significant 35% year-over-year increase in net revenue, reaching $28.2 million, up from $20.9 million in the same quarter last year. This growth is attributed to operational advancements including the launch of a new AI-supported advertising initiative and an expanded retail presence, now featuring Byrna products in over 1,000 U.S. stores. The company’s online engagement has notably improved, with daily web traffic increasing significantly.
Gross profit for the quarter grew to $16.9 million, representing 60% of net revenue, while operating expenses rose to $14.1 million due to heightened selling and marketing efforts. Net income doubled to $2.2 million, up from $1.0 million in Q3 2024, and adjusted EBITDA also saw a significant rise to $3.7 million.
Despite a decrease in cash and cash equivalents to $6.5 million, Byrna maintains a strong balance sheet with no long-term debt and has prepared for the holiday season with an increased inventory of $34.1 million. Looking ahead, the company projects a full-year revenue growth of 35% to 40% for fiscal 2025. No dividends or share repurchases were announced for the quarter.
Earnings Trend Table
| Date | Estimate EPS | Reported EPS | Surprise % | |
|---|---|---|---|---|
| 0 | 2025-10-09 | 0.05 | 0.09 | 85.44 |
| 1 | 2025-04-10 | 0.04 | 0.07 | 100.00 |
| 2 | 2025-02-07 | 0.11 | 0.41 | 261.78 |
| 3 | 2024-10-09 | 0.03 | 0.04 | 49.98 |
| 4 | 2024-07-09 | 0.04 | 0.12 | 239.65 |
| 5 | 2024-05-17 | -0.05 | 0.05 | 200.00 |
| 6 | 2024-04-05 | -0.05 | 0.05 | 193.76 |
| 7 | 2023-10-12 | 0.01 | -0.12 | -957.14 |
Over the past eight quarters, the company has shown significant volatility in its earnings per share (EPS) performance, with notable improvements and one drastic decline. Starting from the most recent quarter in 2025, there has been a consistent trend of exceeding EPS estimates significantly, with the latest quarter showing an 85.44% surprise, indicating a strong upward trajectory in profitability.
This positive trend is evident from 2024 onwards, where, except for one quarter (2024-10-09), the company has consistently outperformed EPS estimates by wide margins. Particularly notable are the quarters in 2025-02-07 and 2024-07-09, where the reported EPS was 261.78% and 239.65% above estimates, respectively. This suggests a robust recovery and possibly operational improvements or favorable market conditions.
However, the quarter in 2023-10-12 stands out with a -957.14% surprise, where the company reported significantly lower EPS than expected. This represents a critical period of underperformance, which may have been due to extraordinary negative factors or challenges faced by the company.
From 2024-04-05 onwards, the company not only recovered but started reporting positive EPS, even when the estimates were negative, showing a resilient turnaround. This pattern of recovery and growth in the subsequent quarters suggests effective strategic adjustments and possibly successful mitigation of past challenges. Overall, the EPS trends indicate a journey of overcoming significant hurdles followed by achieving and surpassing expectations.
The four most recent rating changes for Outer reflect a generally positive outlook from various financial firms, with all initiating coverage with optimistic targets.
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Craig Hallum (2025-07-16): The most recent evaluation comes from Craig Hallum, which initiated coverage on Outer with a “Buy” rating, setting a target price of $39. This is the highest target price in the recent series of ratings, indicating a strong bullish stance on the company’s future performance and growth prospects.
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ROTH MKM (2024-08-28): A year prior, ROTH MKM also started coverage on Outer with a “Buy” rating but set a considerably lower target price of $14. This suggests a positive view though more conservative compared to Craig Hallum’s assessment, possibly reflecting different assumptions about market conditions or company-specific risks.
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Dawson James (2022-04-26): Earlier, Dawson James initiated coverage with a “Buy” rating, assigning a target price of $12. This target, the lowest among the recent ratings, may reflect initial caution regarding the company’s growth trajectory or potential challenges in the industry at that time.
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Raymond James (2021-08-20): The oldest rating in this series came from Raymond James, which issued a “Strong Buy” rating and a target price of $36. This robust confidence in Outer’s potential underscores a significant endorsement of the company’s strategy and market position, aligning closely with the high target set later by Craig Hallum.
Overall, these ratings indicate a strong consensus on the positive outlook for Outer, with varying degrees of optimism about its valuation and future market performance. The progression in target prices also suggests increasing confidence in the company’s prospects over time.
The current price of the stock is $26.66. The average target price, based on recent analyst ratings, varies significantly. The most recent rating from Craig Hallum on July 16, 2025, suggests a target price of $39, indicating a potential upside. Earlier, Raymond James on August 20, 2021, had an even more optimistic view with a target price of $36. In contrast, ROTH MKM and Dawson James provided lower target prices of $14 and $12 respectively on dates prior to 2025. This disparity in target prices suggests a divergence in analyst expectations about the company’s future performance.
Unfortunately, the information provided does not include specific EPS (Earnings Per Share) trends or dividend data, which are critical for a comprehensive financial analysis. Typically, a consistent or growing EPS and a stable or increasing dividend trend could indicate a company’s good financial health and profitability, factors that are often reflected in analyst ratings and target prices.
Disclaimer: The information provided here is for educational and informational purposes only and should not be interpreted as financial advice, investment recommendations, or trading guidance. Markets involve risk, and past performance is not indicative of future results. You should always conduct your own research and consult with a qualified financial advisor before making any investment decisions. By acting, you accept full responsibility for your choices.
