After two years of basing, Byrna Technologies $BYRN just delivered a massive fundamental catalyst to support the breakout we’ve been waiting for.
The stock is rallying in pre-market trading as the bulls look to secure a 3rd consecutive positive earnings reaction.
Their revenues surged over 40% year-over-year to $28.5M, slightly beating expectations, and net income climbed to $2.4M, far outpacing expectations.
This marks the company’s strongest revenue growth since 2021, driven by a 106% increase in dealer sales, the launch of its Compact Launcher, and a strategic retail expansion that’s gaining serious traction.
The technicals are aligned with the fundamentals 👇
Byrna Technologies has been coiling below a shelf of former highs, and after this double beat, a gap-and-go breakout looks more likely than ever.
In addition to the great quarterly report, the company is:
Expanding into Sportsman’s Warehouse stores nationwide
Partnering with influencers like Tucker Carlson
Repurchasing stock under a new $10M buyback program
At a market cap under $1B, they are following in Axon’s $AXON footsteps — tapping into a massive secular trend in civilian and non-lethal law enforcement defense.
If the breakout confirms our bullish bias, this could be the beginning of an Axon-style run.
If BYRN is above 33, the path of least resistance is likely to remain higher for the foreseeable future.
Thank you for reading.
- The Beat Report Team
PS: Kenny Glick's Hit The Bid Open House ends TODAY.
