Byrna Technologies (BYRN) Moving Higher
Right on the heels of yesterday’s Issue featuring new addition Byrna Technologies (BYRN) management released preliminary Q2 revenue. The press release came just after the closing bell yesterday.
Management says Q2 revenue should be around $28.5 million, well ahead of the $26.9 million expected by analysts. That implies 41% growth.
Management said growth is being driven by several of the initiatives discussed in my report, especially the launch of the Byrna Compact Launcher (CL) and the Sportsman’s Warehouse (SPWH) partnership.
Web sales (the biggest channel) were up 15% to $16.6 million, dealer sales were up 106% to $7.5 million, and International were up 86% to $3.6 million.
Shares of BYRN are up over 20% at mid-day today. The strong results are behind the move, as is a modest price target increase from B. Riley to 39 from 38.
With the stock currently trading near 32.6 and overhead resistance at 34.8, it’s still a buy (shares have been strong all day) but I suggest making smaller purchases at this level than at yesterday’s.
We’ll see how BYRN acts next week before considering a rating change. It would not surprise me if this news and momentum carries the stock to new highs. BUY
Copyright © 2025. All rights reserved. Copying or electronic transmission of this information without permission is a violation of copyright law. For the protection of our subscribers, copyright violations will result in immediate termination of all subscriptions without refund. Disclosures: Cabot Wealth Network exists to serve you, our readers. We derive 100% of our revenue, or close to it, from selling subscriptions to our publications. Neither Cabot Wealth Network nor our employees are compensated in any way by the companies whose stocks we recommend or providers of associated financial services. Employees of Cabot Wealth Network may own some of the stocks recommended by our advisory services. Disclaimer: Sources of information are believed to be reliable but they are not guaranteed to be complete or error-free. Recommendations, opinions or suggestions are given with the understanding that subscribers acting on information assume all risks involved. Buy/Sell Recommendations: are made in regular issues, updates, or alerts by email and on the private subscriber website. Subscribers agree to adhere to all terms and conditions which can be found on CabotWealth.com and are subject to change. Violations will result in termination of all subscriptions without refund in addition to any civil and criminal penalties available under the law.
