Byrna Technologies Reports Strong Q1 Revenue Growth, Expands Production

Byrna Technologies reported impressive first-quarter results, with net income rising to $1.66 million, or $0.07 per share, compared to breakeven in the prior year. Revenue soared 57% year-over-year to $26.2 million, exceeding analyst expectations of $26.15 million. This growth is attributed to increased sales of less-lethal self-defense products and the commencement of operations at their expanded U.S. ammunition facility, which can produce 8 million rounds annually. Analysts are optimistic about Byrna's future, projecting a potential stock price increase of over 114% based on a target price of $35.63. The company is also expanding its retail presence through partnerships and new store models, indicating strong market momentum. Byrna's stock performance reflects this optimism, with positive EPS revisions noted over the last 90 days.