Byrna Technologies Third Quarter 2024 Earnings: EPS Beats Expectations

Byrna Technologies (NASDAQ:BYRN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$20.9m (up 194% from 3Q 2023).
• Net income: US$1.03m (up from US$4.09m loss in 3Q 2023).
• Profit margin: 4.9% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: US$0.045 (up from US$0.19 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Byrna Technologies EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 50%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Aerospace & Defense industry in the US.

Performance of the American Aerospace & Defense industry.

The company's shares are down 17% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Byrna Technologies (1 makes us a bit uncomfortable!) that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.