Byrna Technologies Reports Record $28.5 Million Revenue Growth
Byrna Technologies Achieves Remarkable Revenue Milestone
Byrna Technologies Inc. (Nasdaq: BYRN), a leader in innovative, less-lethal personal security solutions, has achieved a significant financial milestone with preliminary revenues hitting $28.5 million for its fiscal second quarter. This represents a remarkable 41% increase compared to $20.3 million during the same quarter last year.
Record Performance Driven by New Launches
The impressive revenue growth can be attributed to the strong demand for the recently launched Byrna Compact Launcher (CL), which debuted on May 1. This new product has quickly garnered consumer interest, complemented by Byrna’s expanded distribution channels that have facilitated this skyrocketing growth.
Byrna’s e-commerce division has also seen a healthy progression, with sales climbing by 15% year-over-year. This success aligns with increasing brand recognition and a more diversified sales channel strategy that helps to engage customers effectively.
Dealer Sales Surge
In a standout move, dealer sales surged an astonishing 106% year-over-year, achieving $7.5 million. This growth is largely due to a fruitful partnership with Sportsman’s Warehouse. During the second quarter, Byrna’s products were introduced in select stores, establishing shop-in-shop formats that provide a unique consumer experience.
As the quarter progressed, preparations for the installation of Byrna Genius installations began, set to launch in July. These installations are expected to further enhance in-store engagement and support sustained growth within the dealer channel.
International Markets Make Headway
Byrna Technologies also reported a substantial 86% increase in international sales which highlights the Company’s growing global footprint. Approximately $800,000 in royalty revenue from Byrna LATAM showcased a substantial uplift from previous periods, emphasizing effort put into international outreach.
In terms of production, Byrna successfully produced 38,237 Compact Launchers in the quarter, contributing to a total of 63,835 launchers manufactured. This robust production rate ensures there is an adequate supply to meet growing consumer demand.
Executive Insights
CEO Bryan Ganz reflects on the performance with enthusiasm, stating, "We are consistently raising the bar at Byrna, and generating a record $28.5 million in revenue affirms our strategic direction." He mentions that despite broader hesitations in consumer spending, the effective launch of the CL and the expansion across several markets contributed significantly to their yearly increase in revenue.
Ganz emphasizes the firm's efforts in scaling production to align with the successful launch of the CL, noting that they are transitioning towards a production rate of 15,000 units per month. This production model, combined with initiatives like the Sportsman’s Warehouse partnership and engaging influencers like Tucker Carlson, positions Byrna for continued success throughout the remaining year and beyond.
Sales Breakdown Highlights
For further clarity on Byrna's sales performance, here is a summary of the key sales channels for Q2 2025:
- Web Sales: $16.6 million (up from $14.4 million in Q2 2024)
- Byrna Dedicated Dealers: $7.5 million (up from $3.6 million in Q2 2024)
- International Sales: $3.6 million (up from $1.9 million in Q2 2024)
- Total Sales: $28.5 million (up from $20.3 million in Q2 2024)
Upcoming Events and Additional Information
Byrna Technologies plans to release full fiscal second-quarter results shortly, accompanied by a conference call where investor inquiries will be addressed. Specific details regarding the conference call will be disseminated before the event.
Specializing in developing and manufacturing innovative non-lethal personal security solutions, Byrna is committed to providing high-quality alternatives for consumers, security personnel, and law enforcement. Interested parties can visit Byrna's website for more information on their range of products, including the Byrna® SD personal security device.
Frequently Asked Questions
What were Byrna Technologies’ revenue figures for the second quarter?
Byrna reported preliminary revenues of $28.5 million for the fiscal second quarter of 2025, a 41% increase compared to the prior year.
What factors contributed to Byrna’s revenue growth?
The significant revenue growth was driven by the demand for the Byrna Compact Launcher (CL), expanded e-commerce sales, and a substantial increase in dealer sales.
How did Byrna’s international sales perform?
International sales rose by 86%, which contributed to the company's overall growth strategy and market penetration.
What are Byrna's plans for future production?
The company is transitioning to a steady-state production model aiming for 15,000 launchers per month to meet ongoing demand.
When will Byrna release its full financial results?
The complete financial results for the fiscal second quarter will be reported in July, along with a conference call for investor discussion.
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