Byrna Technologies announced the expansion of its manufacturing capacity at its Fort Wayne, Indiana facility. This strategic move comes in response to the surge in demand stemming. The expansion initiative includes increasing production facility personnel by 25% and opening a second assembly line, paving the way for Byrna to boost its launcher output from 10,000 launchers per month to 12,500 units per month during a single shift. Mirroring the rise in demand in the DTC market, Byrna is also experiencing increased B2B demand.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on BYRN:
- Byrna Technologies partners with media personality Glenn Beck
- Byrna Technologies price target raised to $11.50 from $10.75 at Ladenburg
- Byrna Technologies price target raised to $8 from $7 at B. Riley
- Byrna Technologies Announces Preliminary Fiscal Fourth Quarter 2023 Revenues of $15.6 million
- Byrna Technologies sees Q4 revenue $15.6M, consensus $11.36M