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Byrna Technologies (BYRN)
NASDAQ:BYRN
Earnings Data
Report Date
Apr 10, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.04Last Year’s EPS
0Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 07, 2025
|% Change Since: 6.11%
|Next Earnings Date:Apr 10, 2025
Earnings Call Sentiment|Positive
The earnings call highlights Byrna Technologies Inc.'s strong revenue growth and profitability improvements, driven by strategic marketing and expansion efforts. However, there are concerns regarding increased operating expenses and the loss of a key celebrity endorser. The company faces potential challenges from tariffs, though it has strategies in place to mitigate these risks.Company Guidance
During Byrna Technologies Inc.'s fiscal fourth quarter and full-year 2024 earnings call, the company reported a record $28 million in revenue for Q4, marking a 79% increase from the same period in 2023. For the full year, net revenue reached $85.8 million, up 101% from 2023. The gross profit margin improved to 62.8% in Q4 2024, compared to 57.8% in Q4 2023, attributed to increased sales through higher-margin direct-to-consumer channels and cost reductions. Operating expenses grew by 47% year-over-year due to higher marketing and payroll expenses. The company achieved a net income of $9.7 million in Q4 2024, a significant improvement from a net loss of $0.8 million in Q4 2023, aided by a $5.6 million income tax benefit. Adjusted EBITDA for Q4 2024 was $5.2 million, up from $400,000 in the prior year. Byrna Technologies Inc. highlighted strategic initiatives, such as expanding retail presence, influencer partnerships, and launching new products, positioning the company for continued strong growth in 2025.Record Revenue Growth
Net revenue for the fiscal fourth quarter was $28 million, a 79% increase from $15.6 million in the same quarter of 2023. For the full year 2024, net revenue totaled $85.8 million, up 101% from $42.6 million in 2023.
Profitability Improvement
Net income for Q4 2024 was $9.7 million compared to a net loss of $0.8 million in Q4 2023. For the full year 2024, net income was $12.8 million, a $21 million improvement from a net loss of $8.2 million in the prior year.
Expansion of Brick-and-Mortar Presence
Byrna Technologies Inc. is expanding its physical presence with new stores in Nashville, Scottsdale, Salem, and Fort Wayne, following the success of its Las Vegas store.
Strategic Partnerships
Signed a letter of intent with Sportsman's Warehouse to implement a 'store within a store' model at eleven locations, with plans to expand to additional locations by 2026.
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BYRN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BYRN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 07, 2025 | $27.50 | $29.64 | +7.78% |
| Oct 09, 2024 | $17.17 | $14.41 | -16.07% |
| Jul 09, 2024 | $10.31 | $9.98 | -3.20% |
| Apr 05, 2024 | $13.76 | $13.21 | -4.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Byrna Technologies (BYRN) report earnings?
Byrna Technologies (BYRN) is schdueled to report earning on Apr 10, 2025, TBA Not Confirmed.
What is Byrna Technologies (BYRN) earnings time?
Byrna Technologies (BYRN) earnings time is at Apr 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BYRN EPS forecast?
BYRN EPS forecast for the fiscal quarter 2025 (Q1) is 0.04.
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