Byrna Technologies Inc is a publicly traded company that specializes in the development and production of innovative non-lethal personal protection devices
The company focuses on creating advanced firearms and munitions that are designed for use in personal safety and law enforcement applications. Byrna aims to provide users with effective tools for defense while minimizing the risk of serious injury or fatalities associated with traditional firearms. Through its commitment to safety and innovation, Byrna Technologies is positioned in the growing market for non-lethal self-defense solutions.
Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings.
However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats.
Shares of non-lethal weapons company Byrna (NASDAQBYRN)
jumped 15.1% in the pre-market session after the company reported strong fourth quarter results which blew past analysts' EPS expectations, though sales were roughly in line. Regardless, the sales strength was solid up a whopping 79% y/y, driven by a shift in advertising strategy and increased direct-to-consumer (DTC) sales. Its EBITDA also outperformed Wall Street's estimates by a wide margin. Zooming out, we think this was a solid quarter.
Non-lethal weapons company Byrna (NASDAQBYRN) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 78.9% year on year to $27.98 million. Its GAAP profit of $0.41 per share was significantly above analysts’ consensus estimates.
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Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Byrna (NASDAQBYRN) and the best and worst performers in the aerospace and defense industry.
