Stock Data
$0.16 (4.77%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
INDUSTRIALS
Industry
AEROSPACE & DEFENSE
Byrna Technologies Inc. specializes in non-lethal defense technologies, offering a range of personal security devices and accessories. These include handheld and shoulder-fired launchers that do not require a background check or firearm license, as well as various types of projectiles. The company also markets self-defense sprays, safety accessories, and branded apparel. Byrna products are available to both consumers and professional security markets, sold through its e-commerce site, Amazon, and various stores worldwide. Originally named Security Devices International, it rebranded in 2020 and is based in Andover, Massachusetts.
Byrna Technologies cratered in Q2 with inventory write-downs and equipment impairments wiping 50 percentage points off gross margin, while the company surrendered all near-term growth hopes as direct-to-consumer weakness and sluggish retail reorders forced management to reset expectations for the full year.
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