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Saturday, April 17, 2021 7:47:17 AM
Apr. 16, 2021 1:07 PM ETByrna Technologies Inc. (BYRN)AXON5 Comments3 Likes
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Gold Panda
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Long-Term Horizon, Value, Long/Short Equity
Contributor Since 2015
I have been investing in stocks for 13 years now, most of the time in my native Bulgaria. I have a bachelor's degree in Finance and a Master's degree in International Business and I like reading Pratchett and Michael Lewis. Regarding the opportunities that I cover, please take into account that I'm an admirer of legendary fund manager Peter Lynch so I tend to follow a lot of his investment philosophy.
- Disclosure: I am not a financial adviser. All articles are my opinion - they are not suggestions to buy or sell any securities. Perform your own due diligence and consult a financial professional before trading.
Summary
The company manufactures and sells CO2-fired non-lethal weapons that can use kinetic and chemical irritant rounds (like pepper).
Byrna expects to book revenues of $33-$38 million in FY21, which is double the level from the previous year.
This one has exactly what I want to see in a growth stock - an interesting product, rapidly growing sales, and economies of scale.
Three jars with red, green and red pepper
Photo by angelsimon/iStock via Getty Images
Investment thesis
Yes, you've read that right. After 15 bearish SA articles about OTC-listed companies in 2021, I'm finally bullish on one.
Byrna Technologies (OTCQB:BYRN) has exactly what I want to see in a growth stock - an interesting product, rapidly growing sales, and economies of scale. What's even more impressive is that the company has been growing mainly thanks to word-of-mouth marketing. Overall, I think Byrna should be worth at least $2.50 per share.
Recent BYRN News
- Byrna Technologies Names Lauri Kearnes as Chief Financial Officer • GlobeNewswire Inc. • 06/24/2024 12:00:00 PM
- Byrna Technologies to Report Fiscal Second Quarter 2024 Financial Results on Tuesday, July 9, 2024 at 9:00 a.m. ET • GlobeNewswire Inc. • 06/20/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 01:32:54 PM
- Byrna Technologies Announces Record Preliminary Q2 2024 Results: Revenues Exceed $20 Million; Q2 Production Totals Over 48,000 Units • GlobeNewswire Inc. • 06/05/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/29/2024 12:01:53 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/24/2024 09:10:59 PM
- Byrna Technologies Adds Three Additional Media Influencers Launching in June • GlobeNewswire Inc. • 05/23/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 12:02:10 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 12:00:26 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/21/2024 07:49:04 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/21/2024 05:44:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/20/2024 04:56:35 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 12:00:35 AM
- Byrna Technologies Promotes John Brasseur to Chief Operating Officer and Raises Production Target to 18,000 Launchers per Month • GlobeNewswire Inc. • 04/25/2024 12:00:00 PM
- Byrna Technologies Reports Fiscal First Quarter 2024 Results • PR Newswire (US) • 04/05/2024 12:00:00 PM
- U.S. Index Futures Indicate Moderate Recovery Ahead of March Employment Report Release, Oil Edges Up • IH Market News • 04/05/2024 11:32:17 AM
- Byrna Technologies to Report Fiscal First Quarter 2024 Financial Results on Friday, April 5, 2024 at 9:00 a.m. ET • PR Newswire (US) • 03/22/2024 01:00:00 PM
- Byrna Technologies Expands Presence in Argentina, Landing 10,000 Launcher Order • PR Newswire (US) • 03/11/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 01:39:16 PM
- Byrna Technologies Announces Preliminary Fiscal First Quarter 2024 Revenues of $16.7 Million • PR Newswire (US) • 03/07/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/26/2024 11:12:25 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/24/2024 01:01:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 01:00:53 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/21/2024 11:27:31 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/21/2024 01:17:40 AM
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