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 you take the next step you should know about the 2 warning signs for Byrna Technologies (1 is significant!) that we have uncovered.

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