Byrna Technologies Inc. Earnings Recaps
Q2 2026
Jul 11, 2026
Byrna's shares fell sharply by 34.9% post-earnings, reflecting deep investor disappointment driven by significant revenue deceleration across all channels and substantial margin compression caused by inventory write-downs and asset impairments.
Key takeaways
- Q2 revenue plunged to $16.4 million from $28.5 million a year ago, weighed down by a 35% decline in e-commerce sales and a 47% drop in domestic dealer channel sales.
- The gross margin collapsed to 11%, down from 62% last year, largely due to a $3.6 million inventory write-down, a $3.5 million manufacturing equipment impairment, and a $2.3 million inventory reserve for product rationalization.
- Adjusted gross margin excluding one-time charges was around 62%, with management expecting this level to hold for the rest of the year.
- Operating expenses increased 3% year-over-year to $14.6 million, including a $1 million impairment and ongoing marketing investments despite lower sales.
- Management emphasized an ongoing operational reset targeting consumer conversion, demand generation, and tighter integration of demand with production but offered no near-term revenue recovery assurances.
Q1 2026
Apr 10, 2026
Byrna Technologies delivered solid fiscal Q1 2026 results with growth driven by increased retail and dealer penetration, setting the stage for expanded market share and improved profitability.
Key takeaways
- Strong balance sheet and differentiated product platform support strategic expansion in retail and dealer channels.
- Management emphasizes sharper execution, focusing on enhancing in-store experiences and broadening brand appeal to reach new customer segments.
- Initiatives include deploying data-driven merchandising strategies and evolving messaging to make the brand more emotionally resonant and inclusive.
- Commitment to profitable growth through inventory optimization, cost discipline, and leveraging cash flow to fund brand and product development.
Q3 2025
Oct 9, 2025
Byrna Technologies Inc. reported robust fiscal Q3 2025 results, achieving a 35% year-over-year revenue growth to $28.2 million, supported by expanding retail presence and effective advertising strategies.
Key takeaways
- Net income increased to $2.2 million, up from $1 million in Q3 2024, driven by higher product sales.
- Adjusted EBITDA rose to $3.7 million, improving from $1.9 million last year, highlighting ongoing profitability.
- Strong web traffic growth, with daily sessions on byrna.com surpassing 58,000 in September, bolstering brand engagement and potential sales.