Stock Analysis
- United States
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- Aerospace & Defense
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- NasdaqCM:BYRN
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.
Valuation is complex, but we're here to simplify it.
Discover if Byrna Technologies might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About NasdaqCM:BYRN
Byrna Technologies
A less-lethal self-defense technology company, engages in the development, manufacture, and sale of less-lethal personal security solutions in the United States, South Africa, Europe, South America, Asia, and Canada.