Byrna Q1 revenue up 57% to $26.2M, net income $1.7M, launches retail partnerships

Byrna Technologies Inc.

2025-Q1 EPS reported $0.07 revenue$26,190,000

Net revenue $26.2M (+57% YoY); net income $1.7M vs $17K in Q1 2024.
Adjusted EBITDA $2.8M vs $1.2M; gross margin improved to 61% from 58%.
Launched store-within-a-store at Sportsman's Warehouse; 12 more by May; company-owned stores generating $1,000-$1,700 daily.
Launcher capacity increased 33% to 24,000/month; new ammo facility can produce 8M rounds/yr; no debt.
Cash, equivalents & securities $19.3M (down from $25.7M Nov 2024) on planned inventory build.

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