Byrna Technologies Inc Us (BYRN)
NASDAQ:BYRN
Want to see BYRN full AI Analyst Report?
Top Page
Byrna Technologies
(NASDAQ:BYRN)
Select Model
Select Model
Rating:55Neutral
Price Target:
$6.00
▼(-9.91% Downside)
Action:Reiterated
Date:06/19/26
The score is held back primarily by weak cash-flow conversion (negative TTM operating and free cash flow) and a bearish technical trend with price below key moving averages. Offsetting factors include strong revenue scaling with ~60% gross margins, a conservatively levered balance sheet, and a moderate P/E, though near-term outlook risk is elevated after management’s Q2 weakness warning.
Positive Factors
High Gross Margin
A sustained ~60% gross margin provides durable profitability leverage for Byrna’s hardware-plus-consumables model. High unit margins give scope to invest in retail expansion and marketing while preserving operating profitability if sales mix stays CL-heavy and manufacturing efficiencies are realized.
Negative Factors
Weak Cash Flow Conversion
Earnings have not consistently converted to cash: negative operating and free cash flow raise financing and execution risk. If working‑capital or inventory pressures persist, the company may need external funding or cut investment, constraining growth and margin improvement plans over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margin
A sustained ~60% gross margin provides durable profitability leverage for Byrna’s hardware-plus-consumables model. High unit margins give scope to invest in retail expansion and marketing while preserving operating profitability if sales mix stays CL-heavy and manufacturing efficiencies are realized.
Read all positive factors
Byrna Technologies Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyByrna Technologies (BYRN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$133.85M
Dividend YieldN/A
Average Volume (3M)386.70K
Price to Earnings (P/E)15.2
Beta (1Y)1.47
Revenue Growth26.96%
EPS Growth-39.19%
CountryUS
Employees167
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)0.40
Shares Outstanding22,685,654
10 Day Avg. Volume302,987
30 Day Avg. Volume386,697
Financial Highlights & Ratios
PEG Ratio-1.72
Price to Book (P/B)6.24
Price to Sales (P/S)3.47
P/FCF Ratio-44.62
Enterprise Value/Market Cap0.95
Enterprise Value/Revenue1.05
Enterprise Value/Gross Profit1.74
Enterprise Value/Ebitda9.71
Forecast
1Y Price Target
$13.67Price Target Upside105.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.14
Revenue Forecast (FY)$117.58M
Byrna Technologies Business Overview & Revenue Model
Company Description
Byrna Technologies Inc. (BYRN) specializes in less-lethal defense technology, focusing on the creation and manufacturing of non-lethal munitions and associated security equipment. The company's primary offerings include a line of Byrna-branded han...
How the Company Makes Money
Byrna primarily makes money by selling less-lethal launchers and recurring consumables (projectiles/ammunition) through multiple channels. Its key revenue streams include: (1) Launcher/device sales: revenue from the sale of Byrna-branded handheld ...
Byrna Technologies Earnings Call Summary
Earnings Call Date:Apr 09, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 14, 2026
Earnings Call Sentiment Neutral
The call reflects a mix of progress and near-term challenges. Positive operational momentum includes 11% revenue growth, rapid retail and dealer expansion, strong in-store performance for the CL platform, and an effective new site tool that converts at ~2x the site average. However, the company faces meaningful short-term headwinds: ecommerce conversion and AOV have declined, profitability measures (net income and adjusted EBITDA) fell YoY, cash balances decreased ~38%, inventory remains elevated at ~$33M, and management expects Q2 to be down materially YoY. Management outlined clear remediation plans (marketing message pivot, merchandising, manufacturing efficiencies, inventory reduction) and is focused on profitable growth, but near-term results are expected to be variable while execution improves.Positive Updates
Revenue Growth
Net revenue for Q1 FY2026 was $29.0M, an 11% increase from $26.2M in Q1 FY2025, driven by expansion across dealer and chain-store channels.
Negative Updates
Ecommerce Conversion Decline
Byrna.com conversion fell materially in Q1: average daily sessions in Jan/Feb/Mar were ~37k/40k/34.5k while conversion dropped to ~0.68%/0.64%/0.54% (vs. ~0.94% in Apr 2025 and ~1.17% in May 2025), and average order value has come under pressure.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth
Net revenue for Q1 FY2026 was $29.0M, an 11% increase from $26.2M in Q1 FY2025, driven by expansion across dealer and chain-store channels.
Read all positive updates
Company Guidance
Management said Q2 is developing “materially below” expectations and will be meaningfully down year‑over‑year (noting last year’s Q2 included ~$2.7M of CL launch load‑ins versus expected Q2 retail load‑ins >$300k), so the company will stop pre‑announcing early revenue; Q1 results were net revenue $29.0M (+11% vs $26.2M), gross profit $17.4M (60% margin), operating expenses $16.5M, net income $0.8M, adjusted EBITDA $2.2M, cash and equivalents $9.6M, and inventory $33.1M. Digital metrics showed average daily sessions of ~37k/40k/34.5k in Jan/Feb/Mar with conversion ~0.68%/0.64%/0.54% (vs ~0.94% in Apr‑25 and ~1.17% in May‑25); the new “Find the Right Launcher” quiz has >30k completions and converts at ~2× site average. Retail traction included company store sales +16% YoY in March with conversion up from the low‑60s to high‑60s, combined CL/CLXL ≈80% of launcher sales in company stores in March and CL ≈40% of unit sales for the quarter; premier dealers +60% YoY and top‑20 dealers +55% YoY. The company entered 2026 with ~900 chain stores / ~1.5k total stores, is targeting ~2k total locations by year‑end (initial Academy rollout ~50 stores in Q2 with a 200–250 store target, Murdoch’s 14 stores in Q2 targeting ~30 by year‑end), expects H2 gross‑margin expansion (mix, modest price increases, manufacturing efficiencies), a next‑gen modular platform in 2027, and free cash flow “in the mid‑teens” while prioritizing inventory reduction and profitable growth.Byrna Technologies Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
38
Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 120.98M | 118.12M | 85.76M | 42.64M | 48.04M | 42.16M |
| Gross Profit | 72.95M | 71.47M | 52.77M | 23.65M | 26.28M | 22.89M |
| EBITDA | 13.05M | 13.88M | 8.57M | -6.76M | -6.80M | -2.92M |
| Net Income | 8.83M | 9.69M | 12.79M | -8.19M | -7.88M | -3.28M |
Balance Sheet | ||||||
| Total Assets | 79.90M | 84.49M | 71.92M | 52.31M | 57.05M | 75.31M |
| Cash, Cash Equivalents and Short-Term Investments | 9.21M | 15.48M | 25.73M | 20.50M | 20.07M | 56.31M |
| Total Debt | 2.17M | 3.96M | 2.64M | 1.90M | 2.55M | 1.09M |
| Total Liabilities | 13.41M | 18.73M | 17.55M | 9.99M | 11.05M | 9.22M |
| Stockholders Equity | 66.49M | 65.76M | 54.37M | 42.32M | 45.99M | 66.10M |
Cash Flow | ||||||
| Free Cash Flow | -7.82M | -9.20M | 9.39M | 2.99M | -17.08M | -6.28M |
| Operating Cash Flow | -2.22M | -1.57M | 11.74M | 3.89M | -13.83M | -4.44M |
| Investing Cash Flow | 4.22M | -459.00K | -11.23M | -2.98M | -5.14M | -5.88M |
| Financing Cash Flow | -2.32M | -1.33M | -4.55M | -422.00K | -17.04M | 57.25M |
Byrna Technologies Technical Analysis
Negative
6.66
Price Trends
5.87
Positive
8.72
Negative
13.99
Negative
Market Momentum
-0.02
Positive
47.37
Neutral
18.10
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BYRN, the sentiment is Negative. The current price of 6.66 is above the 20-day moving average (MA) of 6.05, above the 50-day MA of 5.87, and below the 200-day MA of 13.99, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 47.37 is Neutral, neither overbought nor oversold. The STOCH value of 18.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BYRN.
Byrna Technologies Risk Analysis
Byrna Technologies disclosed 54 risk factors in its most recent earnings report. Byrna Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Byrna Technologies Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | $640.80M | -53.27 | -4.24% | 1.92% | 3.20% | -139.32% | |
57 Neutral | $251.00M | -3.12 | -35.04% | ― | ― | ― | |
56 Neutral | $719.21M | 38.75 | 5.04% | 5.10% | 10.75% | 35.88% | |
55 Neutral | $133.85M | 15.15 | 13.82% | ― | 26.96% | -39.19% | |
47 Neutral | $985.70M | -4.04 | -258.98% | ― | ― | -33.98% | |
46 Neutral | $72.62M | -14.33 | -6.41% | ― | ― | -11379.59% |
* Industrials Sector Average
BYRN
Byrna Technologies
5.90
-24.43
-80.55%
SWBI
Smith & Wesson Brands
16.08
5.73
55.44%
RGR
Sturm Ruger & Company
40.19
2.86
7.68%
POWW
AMMO
2.14
0.77
56.20%
EVEX
Eve Holding
2.83
-2.43
-46.20%
PEW
GrabAGun Digital Holdings
2.47
-14.01
-85.01%
Byrna Technologies Corporate Events
Business Operations and StrategyExecutive/Board Changes
Byrna Technologies CEO Sets New Strategic Operational Priorities
Positive
Jun 18, 2026
On June 18, 2026, Byrna Technologies Inc. released a letter to stockholders from CEO Conn Davis, reflecting on his first 100 days in the role and outlining key operational priorities for the rest of fiscal 2026. Davis highlighted initiatives aimed...
Business Operations and StrategyExecutive/Board Changes
Byrna Technologies Restructures Sales, Marketing and Leadership Roles
Neutral
Jun 15, 2026
On June 11, 2026, Byrna Technologies announced a major realignment of its sales and marketing operations to strengthen brand messaging, broaden its customer base, and accelerate retail expansion. The company is splitting its previously combined sa...
Executive/Board Changes
Byrna Technologies Announces Planned Board Transition for 2026
Neutral
Apr 8, 2026
On April 3, 2026, Byrna Technologies Inc. announced that board member Emily Rooney will not stand for re-election at the company’s 2026 Annual Meeting of Stockholders. Rooney, who joined the board on October 1, 2021, has served as Chair of t...
Business Operations and StrategyRegulatory Filings and Compliance
Byrna Technologies Updates Investor Presentation Under Regulation FD
Neutral
Mar 23, 2026
Byrna Technologies Inc. furnished an updated investor presentation as an exhibit to a recent Current Report on Form 8-K, indicating it may use the materials in future communications with investors. The company emphasized that the information provi...
Business Operations and StrategyExecutive/Board Changes
Byrna Technologies Promotes Luan Pham to President Role
Positive
Mar 19, 2026
Byrna Technologies has promoted Chief Revenue and Marketing Officer Luan Pham to President effective March 17, 2026, formalizing his expanded role leading marketing, brand strategy, distribution, and customer acquisition while he continues to repo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.