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BYRN · NASDAQ · Aerospace & Defense

Byrna Technologies

Develops CO2-powered launchers, projectiles, defensive sprays, and related personal-security products.

$3.59

After-hours close0.00 (0.00%)

At close$3.59(−0.42%)

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Profile

Byrna Technologies Inc.BYRNIndustrials

CO2-powered less-lethal launchers, projectiles, defensive sprays, and accessories are sold to consumers, private security, and law enforcement. Revenue comes through company e-commerce, Amazon, retail stores, dealers and distributors, and direct law-enforcement channels.

CO2-powered personal-security launchers sit at the center of a product lineup that also includes projectiles, defensive sprays, and related accessories. The Byrna CL, LE, and SD serve consumer, private-security, and law-enforcement uses. Production is consolidated in Fort Wayne, Indiana after the South African manufacturing operation ceased.

Sales combine company e-commerce, Amazon, company-operated stores, domestic and international dealers and distributors, and direct law-enforcement channels. The mix has broadened beyond direct-to-consumer sales into retail and dealer locations. Manufacture and sale of launchers, munitions, and chemical-irritant devices remain subject to federal, state, local, and foreign regulation, including potential restrictions on pepper spray or tear-gas devices.

Company facts

CEOConn Davis

ListedSep 29, 2006

ExchangeNASDAQ

HeadquartersAndover, MA

CountryUnited States

Employees159

CIK0001354866

ISINUS12448X2018

Key statistics

Market cap$81.4M

EPS (ttm)−$0.1773

P/E (ttm)−20.25

ROE-5.8%

P/B1.43

P/S0.7473

Dividend yield—

Beta1.32vs XLI 0.13

Year to date −78.6% · Average volume (30d) 693.8K

Analysts

Price target, next 12 months$7.50+108.9%Median of 7 analysts · vs the Aug 28 close

ConsensusBuy5 of 7 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $3.59

High$7.50+108.9%

Median$7.50+108.9%

Low$4.50+25.3%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Prior rating	Rating	Prior target	Target
Jul 10, 2026	Roth Capital	Downgrade	Buy	Neutral	$12.50	$4.50
Apr 10, 2026	New Street	Target				$7.50
Apr 10, 2026	Roth Capital	Reiterate		Buy	$40	$12.50
Apr 10, 2026	Craig-Hallum	Target			$18	$7.50
Mar 10, 2026	Craig-Hallum	Target				$18

Earnings

EPS

Estimate−$0.15

ReportedDue Oct 8, 2026

Revenue

Estimate$16.3M

ReportedDue Oct 8, 2026

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Jul 9, 2026Q2 FY26	−$0.10	−$0.44	−340.0%	$22.3M	$16.4M	−26.6%	−1.78%
Apr 9, 2026Q1 FY26	$0.05	$0.03	−40.0%	$29.5M	$29.0M	−1.5%	−10.55%
Feb 5, 2026Q4 FY25	$0.13	$0.14	+7.7%	$35.0M	$35.2M	+0.8%	+11.63%
Oct 9, 2025Q3 FY25	$0.05	$0.09	+80.0%	$34.9M	$28.2M	−19.3%	−4.60%

View details

Financial highlights

	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	$26.2M	$28.5M	$28.2M	$35.2M	$29.0M	$16.4M
Gross profit	$15.9M	$17.6M	$16.9M	$21.1M	$17.4M	$1.8M
Operating income	$1.7M	$3.3M	$2.9M	$4.0M	$1.3M	−$12.8M
Net income	$1.7M	$2.4M	$2.2M	$3.4M	$801.0K	−$10.1M
Diluted EPS	$0.07	$0.10	$0.09	$0.14	$0.03	−$0.44
Gross margin	60.8%	61.6%	60.1%	59.8%	59.9%	10.9%
Operating margin	6.5%	11.7%	10.2%	11.2%	4.3%	-78.4%

Fiscal years (4-quarter sums)FY21 $42.2M · FY22 $48.0M · FY23 $42.6M · FY24 $85.8M · FY25 $118.1M

Revenue by product · Q2 FY26

Product$16.7M · 100%

Revenue by geography · Q2 FY26

Canada$641.0K · 100%

South Africa$1.0K · 0%

Balance sheet, May 31, 2026Cash & short-term investments $10.4M · Total debt $2.0M · Total assets $68.4M · Shareholders' equity $57.0M

Dividends

No dividends on record.

Ownership

Institutions 49.66%11.27M sharesInsiders 6.54%1.48M sharesOther 43.80%9.94M shares

Shares outstanding 22.69M · Float 17.54M · 77.3% free float

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
FMR LLC	3.40M	14.99%	13F	Aug 13, 2026
Bryan S. Ganz	2.30M	9.90%	13D	Aug 12, 2026
Vanguard Capital Management LLC	758.7K	3.34%	13F	Aug 13, 2026
Wealthspire Advisors, LLC	604.7K	2.66%	13F	Aug 11, 2026
Citadel Advisors LLC	529.7K	2.33%	13F	Aug 14, 2026

Insider tradesForm 4

Date	Insider	Role	Shares	Avg price
Aug 6, 2026	Leonard J. Elmore	director	+10,000	$4.64
Jul 24, 2026	Chris Lavern Reed	director	+8,150	$3.63
Jul 27, 2026	Herbert Hughes	director	+2,501	$3.77
Jul 28, 2026	Herbert Hughes	director	+1,499	$3.86
Jul 22, 2026	Laurilee Kearnes	officer: Chief Financial Officer	+2,000	$3.42