Byrna Technologies Inc. (NASDAQ:BYRN) outperformed expectations in its second-quarter earnings report released Wednesday, driven by robust demand for its newly launched compact launcher and an expanded retail footprint. Following the news, shares increased by 2%.
The personal defense technology firm posted adjusted earnings of $0.10 per share for the quarter ending May 31, 2025, surpassing analyst forecasts of $0.08. Revenue jumped 41% year-over-year to a record $28.5 million, slightly above the consensus estimate of $28.16 million.
This solid growth was fueled by the introduction of the Byrna Compact Launcher (CL) and a 106% rise in dealer sales compared to the prior year. The company’s expanded partnership with Sportsman’s Warehouse (NASDAQ:SPWH) significantly boosted sales through its dealer network.
“The launch of the Byrna CL in May helped us deliver a record $28.5 million in revenue for the second quarter,” said CEO Bryan Ganz. “Despite overall softness in consumer spending, our focused marketing and retail expansion strategies allowed us to continue growing our total addressable market and reach new milestones.”
Gross profit reached $17.6 million, maintaining a 62% margin, consistent with the previous year. Operating expenses climbed to $14.2 million from $10.6 million a year earlier, mainly due to increased selling costs, payroll, and marketing efforts.
Cash reserves dropped to $13.0 million from $25.7 million as of November 2024, reflecting planned inventory buildup ahead of the Compact Launcher launch. Byrna carries no short- or long-term debt.
Looking forward, management anticipates the compact launcher will account for a larger share of sales, particularly with its recent launch on Amazon (NASDAQ:AMZN). The company also plans to open 10 additional store-within-a-store locations at Sportsman’s Warehouse in Q3.
Byrna Technologies stock price
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