Byrna Technologies Inc. (BYRN) stock is soaring 5.07% in pre-market trading on Friday, building on its impressive 8.58% gain from the previous day. The surge comes in the wake of the company's strong third-quarter financial results and an analyst upgrade, signaling growing investor confidence in the less-lethal weapons manufacturer.
The company reported robust Q3 2025 financials, with net revenue reaching $28.2 million, a 35% year-over-year increase. This growth was attributed to expanding retail channels and increased dealer sales. Profitability also saw significant improvement, with net income more than doubling compared to the same period last year. Looking ahead, Byrna's management projects full-year fiscal 2025 revenue growth in the range of 35-40%, supported by strong September sales and robust holiday demand signals.
Adding to the positive sentiment, Roth Capital analyst Matt Koranda raised the firm's price target on Byrna Technologies to $40 from $35, maintaining a Buy rating on the shares. This upgrade reflects confidence in Byrna's growth strategy, which includes expanding its retail footprint to over 1,000 stores nationwide and developing new products such as a connected safety platform and a value-focused 61-caliber launcher. The company's innovative product pipeline and strong financial performance position it for sustained growth in the personal safety and less-lethal weapons market, driving investor enthusiasm and the stock's upward momentum.
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