<div id="readability-page-1"><div>Overview<ul><li>Byrna preliminary Q4 revenue grows 26% yr/yr, beating analyst expectations</li><li>Self-defense equipment maker repurchased over $1 mln in common stock during Q4</li><li>Revenue growth driven by strong dealer and chain store performance</li></ul>Outlook<ul><li>Byrna expects full-year 2025 revenue to reach $118.0 mln, up 38% over last year</li><li>Company aims to normalize Byrna brand and elevate less-lethal category in 2026</li><li>Byrna believes 2025 foundation positions it for continued growth</li></ul>Result Drivers<ul><li>DEALER AND CHAIN STORE PERFORMANCE - Byrna attributes Q4 revenue growth to strong dealer and chain store sales</li><li>INTERNATIONAL SALES - Significant growth in international sales contributed to Q4 revenue increase</li><li>NEW PRODUCT LAUNCH - Launch of Byrna CL supported full-year revenue growth</li></ul>Key Details<div><table><tbody><tr><td>Metric</td><td>Prelim Q4 Revenue</td></tr><tr><td>Beat/Miss</td><td>Beat</td></tr><tr><td>Actual</td><td>$35.10 mln</td></tr><tr><td>Consensus Estimate</td><td>$34.20 mln (5 Analysts)</td></tr></tbody></table></div>Analyst Coverage<ul><li>The current average analyst rating on the shares is &#34;buy&#34; and the breakdown of recommendations is 5 &#34;strong buy&#34; or &#34;buy&#34;, no &#34;hold&#34; and no &#34;sell&#34; or &#34;strong sell&#34;</li><li>The average consensus recommendation for the aerospace &amp; defense peer group is &#34;buy&#34;</li><li>Wall Street's median 12-month price target for Byrna Technologies Inc is $40.00, about 103.4% above its December 5 closing price of $19.67</li><li>The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 34 three months ago</li></ul>Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</div></div>

BYRN

Byrna's preliminary Q4 revenue grew 26% year-over-year, surpassing analyst expectations. The company repurchased over $1 million in common stock during Q4. Revenue growth was driven by strong dealer and chain store performance, international sales, and new product launches. Byrna expects 2025 revenue to reach $118 million, a 38% increase from last year. Analysts rate the stock as a "buy," with a median price target of $40, significantly above its current price.

Self-defense gear maker Byrna's prelim Q4 revenue beats analysts' estimates