BYRN · NASDAQ · Aerospace & Defense

Byrna Technologies (BYRN)

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

$3.45
vs last close−0.07 (−1.99%)
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Byrna Technologies Inc.BYRN
Industrials

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

Market cap$79.9M
EPS (ttm)−$0.1773
P/E (ttm)−19.85
ROE-5.8%
P/B1.40
P/S0.7338
Dividend yieldDiv yield
Beta1.31vs XLI 0.16

Price target$7.50+113.1%Average of 7 analysts
ConsensusBuy5 of 7 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jul 10, 2026Roth CapitalDowngrade
Rating: BuyTarget: $12.50
Rating: NeutralTarget: $4.50
Apr 10, 2026New StreetTarget
Target:
Target: $7.50
Apr 10, 2026Roth CapitalReiterate
Rating: Target: $40
Rating: BuyTarget: $12.50
Apr 10, 2026Craig-HallumTarget
Target: $18
Target: $7.50
Mar 10, 2026Craig-HallumTarget
Target:
Target: $18

Next report
Oct 8, 26
estimated · in 16 days
EPS estimate
−$0.16
Revenue estimate
$16.3M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$0.41$0.07$0.10$0.09$0.14$0.03−$0.44Pending
Estimate$0.05$0.02$0.05$0.05$0.13$0.05−$0.10−$0.16
Surprise+720.0%+250.0%+100.0%+80.0%+7.7%−40.0%−340.0%

RevenueReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$28.0M$26.2M$28.5M$28.2M$35.2M$29.0M$16.4MPending
Estimate$28.0M$25.3M$28.2M$28.2M$35.0M$29.5M$22.3M$16.3M
Surprise−0.1%+3.6%+1.2%−0.1%+0.8%−1.5%−26.6%
Estimate−$0.16
ReportedDue Oct 8, 2026
Estimate$16.3M
ReportedDue Oct 8, 2026
View details

Debt to equity3.60%
Current ratio486.30%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$20.9M$28.0M$26.2M$28.5M$28.2M$35.2M$29.0M$16.4M
Net income$1.0M$9.7M$1.7M$2.4M$2.2M$3.4M$801.0K−$10.1M
Net margin4.9%34.6%6.3%8.5%7.9%9.5%2.8%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$828.0K$4.1M$1.7M$3.3M$2.9M$4.0M$1.3M−$12.8M
YoY growthTurned profitTurned profitTurned profit+73.9%+245.8%−3.4%−25.7%Turned loss

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

Revenue
$16.4M
Operating income
−$12.8M
Net income
−$10.1M
View details

No dividends on record.

Institutions49.66%11.27M shares
112 holders · as of Jun 30, 2026
Insiders26.71%6.06M shares
13 holders · as of Sep 8, 2026
Other23.63%5.36M shares
remainder

22.69M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
FMR LLCInstitution
14.99%3.40Mas of Jun 30, 2026
Pierre F. Jr LapeyreInsider10 percent owner
12.74%2.89Mfiled Feb 1, 2022
Bryan Ganz1Insiderother: See Remarks
10.12%2.30Mfiled Sep 8, 2026
ArrowMark Colorado Holdings, LLCInstitution
6.62%1.50Mfiled Feb 14, 2023
Vanguard Capital Management LLCInstitution
3.34%758,696as of Jun 30, 2026
  1. Bryan Ganz's transaction reports restate only vehicles that traded; the 2026 ownership statement (2.30M) is used instead.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 6, 2026Leonard J. Elmoredirector+10,000$4.64
Jul 24, 2026Chris Lavern Reeddirector+8,150$3.63
Jul 27, 2026Herbert Hughesdirector+2,501$3.77
Jul 28, 2026Herbert Hughesdirector+1,499$3.86
Jul 22, 2026Laurilee Kearnesofficer: Chief Financial Officer+2,000$3.42
View details

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