Byrna Technologies partners with USCCA to promote less-lethal defense solutions to nearly one million members.
Quiver AI Summary
Byrna Technologies Inc. has announced a partnership with the United States Concealed Carry Association (USCCA) to promote its less-lethal personal security solutions to nearly one million USCCA members. This collaboration aims to highlight Byrna’s products as viable alternatives to traditional firearms and to provide educational resources and liability insurance to responsible gun owners. Byrna's CEO, Bryan Ganz, emphasized the importance of this partnership in reaching key demographics, while USCCA's Chairman, Tim Schmidt, noted Byrna’s leadership in the less-lethal market. The announcement reinforces Byrna's commitment to enhancing safety and preparedness among self-defense practitioners.
Potential Positives
- Byrna Technologies has partnered with the United States Concealed Carry Association (USCCA), providing access to nearly one million members, significantly expanding its marketing and outreach potential.
- The collaboration is expected to legitimize Byrna's less-lethal launchers as a viable alternative to traditional firearms, enhancing the company's reputation in the personal defense market.
- Byrna's involvement with USCCA highlights the importance of education and training in self-defense, aligning the company with responsible gun ownership practices and potentially attracting a key demographic.
- The partnership may lead to increased sales opportunities through the introduction of Byrna products to USCCA's members, who are likely to be interested in less-lethal personal security solutions.
Potential Negatives
- The partnership with the USCCA may solidify perceptions of Byrna's products as solely alternatives to firearms, potentially limiting their appeal to a broader market segment.
- The extensive list of forward-looking statements highlights the uncertainties and risks surrounding the company's financial performance and future product development, indicating potential volatility for investors.
- The mention of various risk factors, including potential supply chain disruptions and regulatory challenges, may raise concerns about the company's stability and ability to fulfill market demand.
FAQ
What is the partnership between Byrna Technologies and USCCA about?
Byrna Technologies is partnering with the USCCA to promote less-lethal personal security solutions to nearly one million members.
How will Byrna's products benefit USCCA members?
USCCA members will gain access to Byrna's innovative less-lethal solutions and self-defense training, enhancing their preparedness and protection.
What is the focus of Byrna Technologies?
Byrna Technologies specializes in developing and selling innovative less-lethal personal security solutions for consumers, private security, and law enforcement.
Who is the CEO of Byrna Technologies?
The CEO of Byrna Technologies is Bryan Ganz, who emphasizes the importance of their products as viable alternatives to firearms.
What does the USCCA offer to its members?
The USCCA provides education, training, and self-defense liability insurance to help members prepare for self-defense situations.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BYRN Insider Trading Activity
$BYRN insiders have traded $BYRN stock on the open market 16 times in the past 6 months. Of those trades, 2 have been purchases and 14 have been sales.
Here’s a breakdown of recent trading of $BYRN stock by insiders over the last 6 months:
- BRYAN GANZ (President and CEO) has made 0 purchases and 8 sales selling 100,000 shares for an estimated $1,746,502.
- LISA WAGER (Corporate Secretary, CGO) has made 0 purchases and 4 sales selling 25,000 shares for an estimated $350,229.
- HERBERT HUGHES has made 0 purchases and 2 sales selling 11,500 shares for an estimated $198,424.
- LAURILEE KEARNES (Chief Financial Officer) has made 2 purchases buying 3,000 shares for an estimated $46,676 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$BYRN Hedge Fund Activity
We have seen 60 institutional investors add shares of $BYRN stock to their portfolio, and 45 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ARROWMARK COLORADO HOLDINGS LLC removed 645,160 shares (-36.5%) from their portfolio in Q3 2024, for an estimated $10,948,365
- FMR LLC added 548,670 shares (+47.9%) to their portfolio in Q3 2024, for an estimated $9,310,929
- INVESCO LTD. added 388,853 shares (+2468.4%) to their portfolio in Q3 2024, for an estimated $6,598,835
- DIVISADERO STREET CAPITAL MANAGEMENT, LP removed 269,849 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $4,579,337
- D. E. SHAW & CO., INC. added 245,941 shares (+inf%) to their portfolio in Q3 2024, for an estimated $4,173,618
- MILLENNIUM MANAGEMENT LLC removed 156,057 shares (-48.5%) from their portfolio in Q3 2024, for an estimated $2,648,287
- MANATUCK HILL PARTNERS, LLC added 150,000 shares (+inf%) to their portfolio in Q3 2024, for an estimated $2,545,500
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
ANDOVER, Mass., Jan. 27, 2025 (GLOBE NEWSWIRE) --
Byrna Technologies Inc.
(“Byrna” or the “Company”) (Nasdaq: BYRN),
a personal defense technology company specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions, today announced that it is partnering with the
United States Concealed Carry Association
(USCCA). This collaboration will enable Byrna to highlight its less-lethal solutions to nearly one million USCCA members.
The United States Concealed Carry Association (USCCA) helps responsible Americans prepare for what happens before, during, and after an Act of Self-Defense. In addition to offering education and training, the USCCA has an insurance policy that provides the association’s members with self-defense liability insurance.
“This collaboration further legitimizes our less-lethal launchers as viable alternatives to traditional firearms,” said Bryan Ganz, CEO of Byrna. “With nearly a million members, the USCCA also offers us a new channel to introduce our products to responsible gun owners, a key demographic for us. We encourage our customers to take advantage of the USCCA’s self-defense training and liability insurance to ensure they are well-prepared and protected.”
USCCA Chairman and Co-Founder Tim Schmidt added: “Byrna is a leader in the less-lethal market, and we are proud to showcase their products to our members as an important self-defense option. We look forward to providing Byrna customers with access to best-in-class liability protection and important self-defense training lessons.”
About Byrna Technologies Inc.
Byrna is a technology company specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions. For more information on the Company, please visit the corporate website
here
or the Company's investor relations site
here
. The Company is the manufacturer of the Byrna
®
SD personal security device, a state-of-the-art handheld CO2 powered launcher designed to provide a less-lethal alternative to a firearm for the consumer, private security, and law enforcement markets. To purchase Byrna products, visit the Company's e-commerce store.
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the securities laws. All statements contained in this news release, other than statements of current and historical fact, are forward-looking. Often, but not always, forward-looking statements can be identified by the use of words such as “plans,” “expects,” “intends,” “anticipates,” and “believes” and statements that certain actions, events or results “may,” “could,” “would,” “should,” “might,” “occur,” “be achieved,” or “will be taken.” Forward-looking statements include descriptions of currently occurring matters which may continue in the future. Forward-looking statements in this news release include, but are not limited to, our statements related to preliminary revenue results for the fourth fiscal quarter and fiscal year 2024, the timing of the release of full financial results for the quarter, trends regarding brand recognition and future sales potential, sales during the holiday season and during 2025, and the Company’s plans to open Company-owned retail stores. Forward-looking statements are not, and cannot be, a guarantee of future results or events. Forward-looking statements are based on, among other things, opinions, assumptions, estimates, and analyses that, while considered reasonable by the Company at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies, and other factors that may cause actual results and events to be materially different from those expressed or implied.
Any number of risk factors could affect our actual results and cause them to differ materially from those expressed or implied by the forward-looking statements in this news release, including, but not limited to, disappointing market responses to current or future products or services; prolonged, new, or exacerbated disruption of the Company’s supply chain; the further or prolonged disruption of new product development; production or distribution or delays in entry or penetration of sales channels due to inventory constraints, competitive factors, increased shipping costs or freight interruptions; prototype, parts and material shortages, particularly of parts sourced from limited or sole source providers; determinations by third party controlled distribution channels not to carry or reduce inventory of the Company's products; determinations by advertisers to prohibit marketing of some or all Byrna products; the loss of marketing partners; potential cancellations of existing or future orders including as a result of any fulfillment delays, introduction of competing products, negative publicity, or other factors; product design defects or recalls; litigation, enforcement proceedings or other regulatory or legal developments; changes in consumer or political sentiment affecting product demand; regulatory factors including the impact of commerce and trade laws and regulations; import-export related matters or sanctions or embargos that could affect the Company's supply chain or markets; delays in planned operations related to licensing, registration or permit requirements; and future restrictions on the Company's cash resources, increased costs and other events that could potentially reduce demand for the Company's products or result in order cancellations. The order in which these factors appear should not be construed to indicate their relative importance or priority. We caution that these factors may not be exhaustive; accordingly, any forward-looking statements contained herein should not be relied upon as a prediction of actual results. Investors should carefully consider these and other relevant factors, including those risk factors in Part I, Item 1A, (“Risk Factors”) in the Company's most recent Form 10-K, should understand it is impossible to predict or identify all such factors or risks, should not consider the foregoing list, or the risks identified in the Company's SEC filings, to be a complete discussion of all potential risks or uncertainties, and should not place undue reliance on forward-looking information. The Company assumes no obligation to update or revise any forward-looking information, except as required by applicable law.
Investor Contact:
Tom Colton and Alec Wilson
Gateway Group, Inc.
949-574-3860
BYRN@gateway-grp.com
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
