Byrna Technologies Inc. (BYRN) Stock Analysis

Why this analysis is different

• A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
• An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
• Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.

Byrna Technologies Inc. (BYRN) Industrial Operations Profile

Byrna Technologies Inc. specializes in less-lethal defense solutions, offering handheld personal security devices and launchers for civilians and security professionals. With a focus on non-lethal alternatives, Byrna operates within the aerospace and defense sector, providing tools for personal safety and security.

What Is the Investment Thesis for BYRN?

Byrna Technologies Inc. presents a focused investment opportunity within the less-lethal defense market. With a market capitalization of $80.1M and a P/E ratio of 94.83, Byrna demonstrates profitability with a 7.3% profit margin and a strong gross margin of 60.3%. The company's growth is tied to the increasing demand for less-lethal personal security devices. Key catalysts include expanding distribution channels and increasing adoption by law enforcement and security personnel. The high beta of 2.45 indicates significant volatility, reflecting the speculative nature of the stock. Investors should monitor revenue growth and market penetration rates to assess long-term potential.

Based on FMP financials and quantitative analysis

BYRN Key Highlights

Market capitalization of $80.1M indicates the company's current valuation in the market.

• P/E ratio of 94.83 suggests the stock is trading at a moderate valuation relative to its earnings.
• Profit margin of 7.3% demonstrates the company's ability to generate profit from its revenue.
• Gross margin of 60.3% reflects efficient cost management in the production of its less-lethal products.
• Beta of 2.45 indicates higher volatility compared to the overall market, potentially offering higher returns but also greater risk.

Who Are BYRN's Competitors?

BYRN is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance This table mixes two scoring engines — compare a number only with others carrying the same tag.

What Are BYRN's Key Strengths?

Specialization in less-lethal defense technology.

• Established product line with the Byrna SD and related accessories.
• Growing demand for non-lethal personal security solutions.
• Proprietary technology and patents.

What Are BYRN's Weaknesses?

Limited market share compared to larger defense companies.

• Reliance on specific product lines for revenue.
• High beta indicates significant stock volatility.
• Smaller scale compared to established competitors.

What Could Drive BYRN Stock Higher?

Potential new contracts with law enforcement agencies to supply less-lethal solutions.

• Increasing consumer demand for personal security devices due to rising crime rates.
• Expansion of distribution channels through partnerships with retailers and online platforms.
• Launch of new and innovative less-lethal products and accessories.

What Are the Key Risks for BYRN?

Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.

• Rich valuation — a P/E of 94.83 runs well above the Industrials sector’s ~28.00x, leaving little room for a miss.
• Competition from larger defense companies with greater resources.
• Changes in regulations regarding the sale and use of less-lethal weapons.
• Product liability lawsuits related to the use of Byrna's products.
• Economic downturn affecting consumer spending on personal security devices.
• Supply chain disruptions impacting the availability of raw materials and components.

What Are the Growth Opportunities for BYRN?

• Expansion into Law Enforcement Market: Byrna has a significant opportunity to expand its presence in the law enforcement sector. As police departments seek less-lethal alternatives to traditional firearms, Byrna's products can fill a critical need. Securing contracts with law enforcement agencies could drive substantial revenue growth. The market for less-lethal law enforcement tools is estimated to reach $2 billion by 2030, providing a clear growth trajectory for Byrna.
• Geographic Expansion: Byrna currently operates in the United States and South Africa, leaving significant room for geographic expansion. Entering new markets in Europe, South America, and Asia could substantially increase the company's customer base and revenue. A phased approach, starting with countries that have similar regulatory environments, would mitigate risk and allow for efficient resource allocation. The global market for personal security devices is projected to reach $50 billion by 2028.
• Product Innovation and Development: Byrna can drive growth through continuous product innovation and development. Introducing new less-lethal technologies, such as enhanced projectiles or advanced delivery systems, can attract new customers and increase sales to existing customers. Investing in R&D to stay ahead of the competition is crucial. The market for advanced less-lethal technologies is expected to grow by 15% annually over the next five years.
• Strategic Partnerships and Acquisitions: Byrna can pursue strategic partnerships and acquisitions to expand its product offerings and market reach. Partnering with established security companies or acquiring smaller competitors can provide access to new distribution channels and technologies. A well-executed M&A strategy can accelerate growth and create synergies. The global security industry is highly fragmented, offering numerous opportunities for consolidation.
• Direct-to-Consumer Sales Growth: Byrna has the opportunity to enhance its direct-to-consumer (DTC) sales channels through online marketing and e-commerce platforms. By focusing on digital marketing and social media campaigns, Byrna can reach a broader audience and drive sales directly to consumers. Enhancing the online shopping experience and offering personalized customer service can further boost DTC sales. The e-commerce market for personal security products is growing rapidly, presenting a significant opportunity for Byrna.

What Are BYRN's Competitive Advantages?

• Proprietary less-lethal technology provides a competitive edge.
• Established brand recognition in the personal security device market.
• Distribution network reaching both civilian and professional markets.
• Patents protecting key product designs and technologies.

What Does BYRN Do?

Byrna Technologies Inc., established in 2005 and headquartered in Andover, Massachusetts, operates as a less-lethal defense technology company. Originally known as Security Devices International, Inc., the company rebranded to Byrna Technologies Inc. in March 2020, marking a shift towards its current focus. Byrna develops and manufactures less-lethal munitions and personal security devices, catering to both civilian and professional markets. Its core product line includes the Byrna SD and Byrna SD.68 caliber handheld personal security devices, designed for personal defense and security applications. These devices are complemented by Byrna HD magazines, shoulder-fired launchers, and a range of projectiles. Beyond the core offerings, Byrna provides a suite of accessories and related safety products, including the Byrna Banshee personal safety alarm, Byrna Shield, compressed carbon dioxide canisters, sighting systems, holsters, and Byrna-branded apparel. The company's products are available in the United States and South Africa, reflecting its international market presence. Byrna's mission is to provide effective, less-lethal alternatives for self-defense and security, filling a critical gap in the market for non-lethal personal protection solutions.

What Products and Services Does BYRN Offer?

• Develops and manufactures less-lethal munitions.
• Offers handheld personal security devices like the Byrna SD.
• Produces shoulder-fired launchers for civilian and professional use.
• Provides Byrna HD magazines and projectiles.
• Sells accessories such as the Byrna Banshee and Byrna Shield.
• Offers compressed carbon dioxide canisters for their devices.
• Provides sighting systems and holsters.
• Sells Byrna-branded apparel.

How Does BYRN Make Money?

• Sales of handheld personal security devices to civilians and security professionals.
• Revenue from accessories such as magazines, projectiles, and CO2 canisters.
• Distribution through online channels and retail partnerships.
• Contracts with law enforcement and government agencies for less-lethal solutions.

What Industry Does BYRN Operate In?

Byrna Technologies Inc. operates within the aerospace and defense industry, specifically targeting the less-lethal defense market. This segment is driven by increasing demand for non-lethal personal security solutions and law enforcement tools. The market is characterized by innovation in less-lethal technologies and growing adoption by both civilians and security professionals. Byrna competes with companies offering similar products, focusing on product differentiation and market penetration to gain market share. The overall aerospace and defense industry is experiencing steady growth, driven by global security concerns and technological advancements.

Who Are BYRN's Key Customers?

• Civilians seeking personal security devices for self-defense.
• Private security professionals requiring less-lethal options.
• Law enforcement agencies looking for non-lethal tools.
• Government agencies requiring security solutions.

Byrna Technologies Inc. Financial Trajectory

Byrna Technologies Inc. (BYRN) reported $16.4M in revenue for Q2 FY2026, a decline of 43.6% compared to the prior quarter. The company recorded a net loss of $10.1M, with diluted EPS of $-0.44. Revenue has contracted over three consecutive quarters, which investors in this micro-cap Industrials stock should monitor closely. Across the four most recent quarters, BYRN averaged $-0.04 in diluted EPS.

Company Profile

Byrna Technologies Inc. operates in the Aerospace & Defense industry within the Industrials sector. It is headquartered in Andover, US. The company is led by CEO Conn Davis. BYRN has traded publicly since 2006.

How Byrna Technologies Inc. Is Valued

Byrna Technologies Inc. carries a market capitalization of $80.1M, placing it in the micro-cap category. Analyst price targets span from $4.50 to $7.50, with a consensus of $6.50. At the current price of $3.53, that implies approximately 84% upside potential. Relative to its peer group, BYRN's quantitative score of 38/100 is below the peer average of 57/100.

Return on equity for Byrna Technologies Inc. stands at 14.3%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 9.2%, showing how much profit it generates from its asset base. BYRN trades at a trailing price-to-earnings ratio of 94.83, above the Industrials sector average of ~28.00x. A current ratio of 4.96 indicates the company holds enough short-term assets to cover its near-term obligations.

Byrna Technologies Inc.'s Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 5.14 places it in the safe zone, indicating low near-term bankruptcy risk.

Byrna Technologies Inc. has beaten Wall Street's EPS estimate in 6 of its last 8 reported quarters — a consistent record of delivering on expectations. Reported results have landed about 101.4% above estimates on average.

Over the past six months, Byrna Technologies Inc. insiders filed 29 SEC Form 4 transactions — 8 sales and 21 purchases. On net that is roughly 101K shares acquired (about $363K) — insiders putting money in tends to read as conviction.

BYRN Financials

BYRN Latest News

BYRN Analyst Consensus

BYRN MoonshotScore

What Investors Ask About Byrna Technologies Inc. (BYRN) — Industrials

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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