Defense equipment maker Byrna Technologies Q2 profit rises on higher sales

Overview

• Net income for fiscal Q2 rises to $2.4 mln, reflecting increased product sales

• Byrna fiscal Q2 revenue grows 41% yr/yr to $28.5 mln, driven by CL launch

• Company expands retail presence, adds Tucker Carlson as celebrity influencer

Outlook

• Byrna expects subdued consumer sentiment to limit near-term revenue upside.

• Company anticipates strong year-over-year growth in second half of 2025.

• Byrna plans to expand store-within-a-store concept with Sportsman’s Warehouse.

• Company expects cash position to increase as inventory levels normalize.

Result Drivers

• CL LAUNCH - The introduction of the Byrna Compact Launcher drove a 41% increase in Q2 revenue, per CEO Bryan Ganz

• RETAIL EXPANSION - Expansion into Sportsman's Warehouse and company-owned stores contributed to increased sales

• DEALER SALES - Dealer channel sales increased by 106%, supported by partnerships like Sportsman's Warehouse

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the aerospace & defense peer group is "buy"

• Wall Street's median 12-month price target for Byrna Technologies Inc is $37.25, about 13.3% above its July 9 closing price of $32.30

• The stock recently traded at 56 times the next 12-month earnings vs. a P/E of 35 three months ago

Press Release: ID:nGNX2qv2q9