Byrna Technologies Reports 40.7% Revenue Growth in Q2

Byrna Technologies Inc. reported a Q2 profit of $2.42 million, up from $2.07 million last year, with earnings per share of $0.10 compared to $0.09 last year. Revenue increased 40.7% to $28.50 million from $20.26 million last year.

Byrna Technologies Inc. (Nasdaq: BYRN) reported robust financial results for the second quarter of fiscal 2025, with revenue increasing 40.7% year-over-year to $28.5 million. The company's net income for the period was $2.42 million, up from $2.07 million last year. This growth was primarily driven by the launch of the Byrna Compact Launcher (CL) and an expansion of retail operations [1].

The CL, a 38% smaller launcher than the flagship Byrna SD, delivered the same force per square inch as the Byrna LE. The CL is now available for purchase on Amazon and was featured in Amazon's Prime Day sales event from July 8-11, 2025. Additionally, Byrna expanded its store-within-a-store concept with Sportsman's Warehouse, now operating in 12 stores with an additional 10 stores expected to open in the third quarter [1].

Byrna's gross profit for Q2 2025 increased to $17.6 million, representing 62% of net revenue, up from $12.6 million in Q2 2024. The company's operating expenses for the quarter were $14.2 million, compared to $10.6 million last year. Net income for Q2 2025 was $2.42 million, an increase from $2.07 million in Q2 2024. Adjusted EBITDA for the quarter was $4.3 million, compared to $2.8 million last year [1].

Byrna's CEO, Bryan Ganz, stated that the launch of the CL helped drive record revenue for the second quarter. Despite overall softness in consumer spending, the company's focused marketing and retail expansion strategies allowed it to continue growing its total addressable market and reach new milestones [1].

Looking ahead, Byrna expects the CL to become a larger part of its sales mix, especially now that it is available to customers on Amazon. The company's dealer channel is also becoming a larger percentage of total sales, increasing 106% in the second quarter. Byrna plans to add another 10 stores to its Sportsman's Warehouse partnership in the third quarter [1].

Byrna's company-owned stores continue to perform well, with five locations averaging $69,000 in sales during May. The Scottsdale location, which has only been open for a few months, is already performing at levels similar to Byrna's longstanding retail store in Las Vegas [1].

Byrna also added Tucker Carlson to its roster of celebrity influencers to amplify brand awareness and promote the normalization of less-lethal solutions. The company has begun integrating AI tools into its content production to accelerate creative testing and expand its marketing reach [1].

Byrna's management will host a conference call today, July 10, 2025, at 9:00 a.m. Eastern time (6:00 a.m. Pacific time) to discuss these results, followed by a question-and-answer period. The conference call will be broadcast live and available for replay here and via the Investor Relations section of Byrna's website [1].

References:
[1] https://www.globenewswire.com/news-release/2025/07/10/3113195/0/en/Byrna-Technologies-Reports-Fiscal-Second-Quarter-2025-Results.html