Byrna Technologies, Inc. (NASDAQ: BYRN) Q2 2025 Earnings | 07/10/2025

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Byrna Technologies, Inc. reported its Q2 2025 results, delivering record revenue and continued profitability as the company expanded its product lineup and retail presence. Q2 2025 Financial Highlights Net Revenue: $28.5 million, up 41% year-over-year from $20.3 million in Q2 2024, driven by the launch of the Byrna Compact Launcher (CL), increased dealer sales, and broader brand adoption. Gross Profit: $17.6 million, representing 62% of net revenue, up from $12.6 million in Q2 2024. Operating Expenses: $14.2 million, compared to $10.6 million last year, reflecting higher selling expenses, payroll, and marketing investment. Net Income: $2.4 million, up from $2.1 million in Q2 2024. Adjusted EBITDA: $4.3 million, compared to $2.8 million a year ago. Earnings Per Share: Basic EPS of $0.11, diluted EPS of $0.10. Cash & Equivalents: $13.0 million at quarter-end, with no current or long-term debt. Inventory: $32.3 million, increased ahead of the CL launch. Operational and Strategic Highlights Launched the Byrna CL, a 38% smaller launcher than the flagship Byrna SD, now available on Amazon and featured in Prime Day sales. Expanded the store-within-a-store concept with Sportsman’s Warehouse, operating in 12 locations with 10 more planned for Q3. Company-owned retail locations ramped up, averaging $69,000 in sales per location in May. Dealer channel sales increased 106% year-over-year, supported by new partnerships and expanded retail initiatives. Added high-profile influencers to boost brand awareness and promote less-lethal personal security solutions. Management Commentary CEO Bryan Ganz highlighted the successful launch of the Byrna CL and the company’s ability to achieve record revenue despite softness in broader consumer spending. He emphasized the growing contribution of the dealer channel and the continued rollout of new retail formats and partnerships. Outlook The Byrna CL is expected to become a larger part of the sales mix, especially with expanded online and retail availability. Continued focus on growing the dealer channel and retail footprint. Ongoing investment in marketing, product innovation, and operational efficiency to drive future growth. About Inside Ticker: For more expert analysis and real-time updates on Byrna Technologies, Inc. (NASDAQ: BYRN) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #ByrnaTechnologies #BYRN #Q22025 #Earnings #PersonalSecurity #CompactLauncher #RetailExpansion #FinancialResults #Growth #Innovation #DealerSales #BrandAwareness #Profitability #OperationalEfficiency #NoDebt #Amazon #PrimeDay #SportsmansWarehouse #InvestorUpdate #InsideTicker