Byrna Increases Launcher Production by 33% to 24,000 Units a Month
Byrna Technologies (NASDAQ: BYRN) announced plans to increase launcher production by 33% to 24,000 units monthly starting January 2025, up from current 18,000 units. The company will implement two full shifts at its Fort Wayne, Indiana facility, with additional Saturday capacity when needed.
The company will also begin producing payload ammunition at a new facility near its launcher factory. These initiatives are part of Byrna's 'Made in America' strategy, which has increased US-sourced components from 11% to 79% since 2020. Byrna plans to exit China within six months and achieve 100% domestic sourcing for its Byrna SD launcher by end-2025.
The company expects improved margins through increased freight efficiency, higher volumes, and better supply chain management, offsetting potential price increases from domestic sourcing.
Byrna Technologies (NASDAQ: BYRN) ha annunciato piani per aumentare la produzione di lanciatori del 33%, raggiungendo le 24.000 unità mensili a partire da gennaio 2025, rispetto alle attuali 18.000 unità. L'azienda implementerà due turni completi presso il suo stabilimento di Fort Wayne, Indiana, con una capacità aggiuntiva il sabato quando necessario.
L'azienda inizierà anche a produrre munizioni per carico in un nuovo stabilimento vicino alla sua fabbrica di lanciatori. Queste iniziative fanno parte della strategia 'Made in America' di Byrna, che ha aumentato la proporzione di componenti provenienti dagli Stati Uniti dall'11% al 79% dal 2020. Byrna prevede di uscire dalla Cina entro sei mesi e di raggiungere il 100% di approvvigionamento domestico per il suo lanciatori Byrna SD entro la fine del 2025.
L'azienda si aspetta margini migliorati grazie a una maggiore efficienza di trasporto, volumi più elevati e una migliore gestione della catena di approvvigionamento, compensando i potenziali aumenti di prezzo derivanti dall'approvvigionamento domestico.
Byrna Technologies (NASDAQ: BYRN) anunció planes para aumentar la producción de lanzadores en un 33%, alcanzando las 24,000 unidades mensuales a partir de enero de 2025, en comparación con las actuales 18,000 unidades. La compañía implementará dos turnos completos en su instalación de Fort Wayne, Indiana, con capacidad adicional los sábados cuando sea necesario.
La empresa también comenzará a producir municiones de carga en una nueva instalación cerca de su fábrica de lanzadores. Estas iniciativas son parte de la estrategia 'Made in America' de Byrna, que ha aumentado la proporción de componentes de origen estadounidense del 11% al 79% desde 2020. Byrna planea salir de China en un plazo de seis meses y lograr un 100% de abastecimiento nacional para su lanzador Byrna SD para finales de 2025.
La compañía espera mejorar sus márgenes gracias a una mayor eficiencia en el transporte, volúmenes más altos y una mejor gestión de la cadena de suministro, compensando los posibles aumentos de precios del abastecimiento nacional.
Byrna Technologies (NASDAQ: BYRN)는 2025년 1월부터 월 24,000대의 발사기 생산을 33% 증가할 계획을 발표했습니다. 현재 18,000대에서 증가하는 것입니다. 회사는 인디애나주 포트 웨인에 있는 시설에서 두 개의 완전한 교대를 운영하며, 필요시 추가적인 토요일 생산 능력을 구현할 예정입니다.
회사는 발사기 공장 근처에 새로운 시설에서 탄약을 생산하기 시작할 것입니다. 이러한 이니셔티브는 Byrna의 'Made in America' 전략의 일환으로, 2020년 이후 미국 소싱 부품 비율을 11%에서 79%로 증가시켰습니다. Byrna는 6개월 내에 중국에서 철수하고 2025년 말까지 Byrna SD 발사기에 대해 100% 국내 소싱을 달성할 계획입니다.
회사는 향상된 물류 효율성, 더 높은 생산량 및 개선된 공급망 관리를 통해 마진 향상을 기대하며, 국내 소싱으로 인한 잠재적인 가격 인상을 상쇄할 것입니다.
Byrna Technologies (NASDAQ: BYRN) a annoncé des plans pour augmenter la production de lanceurs de 33%, atteignant 24 000 unités par mois à partir de janvier 2025, contre 18 000 unités actuellement. L'entreprise mettra en œuvre deux équipes complètes dans son usine de Fort Wayne, Indiana, avec une capacité supplémentaire le samedi si nécessaire.
L'entreprise va également commencer à produire des munitions de charge dans une nouvelle installation près de son usine de lanceurs. Ces initiatives font partie de la stratégie 'Made in America' de Byrna, qui a augmenté la part des composants d'origine américaine de 11% à 79% depuis 2020. Byrna prévoit de se retirer de la Chine dans les six mois et d'atteindre un approvisionnement 100% national pour son lanceur Byrna SD d'ici la fin 2025.
L'entreprise s'attend à une amélioration des marges grâce à une efficience accrue du fret, à des volumes plus élevés et à une meilleure gestion de la chaîne d'approvisionnement, compensant les potentielles hausses de prix liées à l'approvisionnement national.
Byrna Technologies (NASDAQ: BYRN) hat Pläne angekündigt, die Produktion von Launchern um 33% auf monatlich 24.000 Einheiten ab Januar 2025 zu steigern, im Vergleich zu den derzeit 18.000 Einheiten. Das Unternehmen wird in seinem Werk in Fort Wayne, Indiana, zwei volle Schichten einführen und bei Bedarf zusätzliche Produktionskapazitäten am Samstag bereitstellen.
Das Unternehmen wird auch beginnen, Munition für Lasten in einer neuen Anlage in der Nähe seiner Launcher-Fabrik zu produzieren. Diese Initiativen sind Teil von Byrnas Strategie 'Made in America', die den Anteil an US-Komponenten seit 2020 von 11% auf 79% erhöht hat. Byrna plant, innerhalb von sechs Monaten aus China auszutreten und bis Ende 2025 eine 100%ige Inlandsquelle für den Byrna SD Launcher zu erreichen.
Das Unternehmen erwartet eine Verbesserung der Margen durch höhere Transporteffizienz, größere Volumina und ein besseres Lieferkettenmanagement, was potenzielle Preiserhöhungen durch inländische Quellen ausgleichen sollte.
- 33% production capacity increase to 24,000 units monthly
- New ammunition production facility opening in Fort Wayne
- Domestic component sourcing increased from 11% to 79%
- Expected margin improvements from supply chain optimization
- Reduced geopolitical risks and shorter lead times through domestic production
- Potential increase in purchase prices from domestic sourcing
Insights
The announced production capacity increase to 24,000 launchers per month represents a significant operational expansion that should positively impact Byrna's revenue potential and market position. The transition to full domestic production, including component sourcing increasing from
The establishment of a new ammunition facility near the launcher factory creates valuable vertical integration and operational synergies. This expansion, combined with the two-shift operation and Saturday flexibility, provides substantial scalability to meet growing demand, particularly from law enforcement markets. The accelerated timeline to achieve
This strategic shift carries significant financial implications. The transition to domestic production, while potentially involving higher initial component costs, is expected to yield net positive margins through improved operational efficiencies and reduced logistics expenses. The ability to command premium pricing for "Made in America" products could enhance revenue potential, while the increased production capacity of 24,000 units monthly provides meaningful revenue growth opportunity.
The investment in domestic facilities and supply chain restructuring demonstrates strong operational leverage and positions Byrna for improved profitability. With a market cap of
Byrna Set to Open New Ammo Production Facility in Ft. Wayne, Indiana As Part of Its Move to Bring All Byrna Production to the United States
ANDOVER, Mass., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Byrna Technologies Inc. (“Byrna” or the “Company”) (Nasdaq: BYRN), a technology company specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions, today announced plans to increase its launcher production to 24,000 units per month starting in January 2025. The production ramp-up, representing a
These production initiatives are key steps in Byrna’s broader “Made in America” strategy. Since 2020, Byrna has methodically transitioned to domestic suppliers, growing the share of components sourced in the United States from
Byrna CEO Bryan Ganz said, “Increasing U.S. launcher production and bringing ammunition manufacturing to the U.S. ensures we are well positioned to meet rising demand we are seeing while also ensuring the reliability of our supply chain and the quality of our products. It’s not only the patriotic thing to do; it’s also good business. By bringing the production of
Byrna COO John Brasseur added, “After successfully ramping up production from 10,000 to 18,000 launchers earlier this year, our team has demonstrated that we can scale effectively while maintaining the highest standards of quality and efficiency. Reaching 24,000 units per month represents another significant step as we continue to meet growing demand and reinforce our leadership in the less-lethal space.”
Byrna’s expanded manufacturing capacity positions it to better serve key U.S. markets, including law enforcement agencies such as those participating in Operation Lone Star along the Texas-Mexico border, where Byrna launchers are actively deployed. By sourcing and manufacturing all components domestically, Byrna is more closely aligning with customer priorities.
Transitioning to U.S.-based suppliers will lead to higher margins for Byrna. The Company expects that increased freight efficiency, higher volumes, and improved supply chain efficiencies will more than offset any increases in purchase prices. Additionally, this strategy will reduce geopolitical risks, shorten lead times, and enable Byrna to market the Byrna SD as a “Made-in-America” product, allowing the Company to command a higher price for products.
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
FAQ
When will Byrna (BYRN) increase its launcher production to 24,000 units per month?
What is the current monthly production capacity of Byrna (BYRN)?
When will Byrna (BYRN) complete its exit from China?
What percentage of Byrna SD components are currently sourced from the US?
When does Byrna (BYRN) plan to achieve 100% domestic sourcing for its SD launcher?
Where is Byrna's new ammunition production facility located?
