Byrna Technologies Inc (NASDAQ:BYRN), a manufacturer of less-lethal personal defense devices, has reported financial results for its fiscal fourth quarter and full year ended November 30, 2025. The company posted record annual revenue, but the market's immediate reaction to the quarterly figures has been notably negative, with the stock trading significantly lower in pre-market activity.
Quarterly Results Versus Expectations
The company's Q4 2025 performance presented a mixed picture when held against Wall Street's forecasts. While Byrna demonstrated strong year-over-year sales growth, it narrowly missed the consensus revenue estimate and fell slightly short on profitability.
- Reported Revenue: $35.25 million, representing a 26% increase compared to the same quarter last year.
- Estimated Revenue: $35.66 million, indicating a slight miss of approximately $410,000.
- Reported Non-GAAP EPS: $0.14 per share.
- Estimated Non-GAAP EPS: $0.151 per share.
The revenue miss, though modest, is a focal point for investors, especially when coupled with the earnings per share coming in just below the analyst target. In a market that often rewards companies that exceed high expectations, even small shortfalls can trigger a reassessment.
Market Reaction and Recent Performance
The immediate financial market response to the earnings release has been decisively negative. The stock is trading down sharply in pre-market activity, a clear signal that the results did not meet investor expectations for the quarter. This downturn extends a broader pattern of weakness for Byrna's shares.
- Pre-Market Performance: The stock is down approximately 14.6% in early trading.
- Recent Trend: This drop compounds existing losses, with the share price down roughly 30% over the past month.
This price action suggests that beyond the quarterly metrics, investors may be concerned about the company's near-term momentum or valuation following its previous run-up. The significant pre-market decline indicates the earnings report was a catalyst for a sell-off.
Full-Year Highlights and Strategic Moves
Despite the quarterly market disappointment, Byrna's full-year fiscal 2025 results underscore a period of substantial operational growth. The press release emphasized record annual performance and strategic investments aimed at supporting future demand.
The most critical elements from the announcement include:
- A 38% year-over-year increase in full-year revenue, showcasing the company's strong annual growth trajectory.
- The expansion of monthly production capacity by 33%, a direct move to address growing demand and alleviate potential supply constraints for its less-lethal launchers and projectiles.
Looking Ahead: Estimates for 2026
While the press release did not provide formal financial guidance for the coming year, analyst estimates offer a benchmark for future performance. The current consensus projects continued, albeit more moderate, growth.
- Q1 2026 Estimates: Analysts expect revenue of approximately $32.78 million and Non-GAAP EPS of $0.109.
- Full-Year 2026 Estimates: The current forecast calls for sales of about $144.52 million and earnings of $0.687 per share.
Investors will likely watch the company's execution in the first half of 2026 closely to see if it can meet these forecasts and regain positive momentum after the current quarter's setback.
For a detailed breakdown of historical earnings, future estimates, and analyst ratings, you can review the data on Chartmill.
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