The defense industry has seen a remarkable year in 2025, with ETFs like Global X Defense Tech ETF (SHLD) returning 65% YTD. Geopolitical tensions are driving this surge in defense stocks.

Byrna Technologies Inc. (BYRN) is a small-cap stock with strong analyst support. Despite a 20% YTD share price decline, BYRN offers a unique buying opportunity.

Byrna’s products, including less-lethal self-defense tools, have broad appeal and are in high demand. Sales surged 18% YOY during July 4th and 28% higher during Amazon Prime Day.

Byrna is rapidly expanding its retail presence, with plans to be in 800 locations by late November. Recent earnings show a 41% YOY revenue growth and 22% YOY EPS improvement, beating analyst predictions.

Investors should watch for recurring revenue streams and potential customer softness in Byrna’s future performance. The company aims to build sticky customer bases but could face challenges with product pricing and consumer spending trends.

Read more at Nasdaq: Why Byrna Could Be the Top Defense Stock to Watch Now