Overview

• Personal defense tech firm's fiscal Q4 revenue rose 26% yr/yr

• Net income for fiscal Q4 fell due to absence of prior yr tax benefit

• Company secured $20 mln credit facility for acquisitions and working capital

Outlook

• Byrna expects margin improvement in fiscal 2026 as startup costs are completed

• Company plans to increase monthly production capacity by 33%

• Byrna implements a 4% to 5% price increase as of February 2026

Result Drivers

• DEALER AND CHAIN STORE PERFORMANCE - Co attributed 26% revenue increase in Q4 2025 to higher dealer and chain store performance, with Amazon and international channels also contributing

• GROSS MARGIN DECLINE - Gross margin fell due to greater mix of dealer, chain store, and international sales, and startup costs for new product introductions and factory relocation

• INCREASED OPERATING EXPENSES - Operating expenses rose 27% due to higher advertising and marketing costs, payroll expansion, and strategic investments in new products

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 $40.00, about 227.3% above its February 4 closing price of $12.22

• The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 31 three months ago

Press Release: ID:nGNX1lkb76

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)