Byrna Q2 Revenue Plunges 43%, Posts $10.1M Loss; CEO Says No Revenue Growth in FY2026
BYRN is trading near its 52-week low of $4.84 (7.2% below the low).
Summary
Byrna Technologies reported a 43% revenue decline and a $10.1 million net loss in Q2 2026, with management guiding for no revenue growth in fiscal 2026. The company is burning cash and working down excess inventory while launching new marketing programs to revive demand.
Key Events · Earnings and Guidance · BYRN
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Revenue Collapse
Q2 2026 net revenue fell 43% year-over-year to $16.4 million, driven by weak e-commerce sales and slower retail reorders after heavy Q1 restocking.
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Large Net Loss and Impairments
Net loss of $10.1 million included $10.4 million in non-cash charges from inventory write-downs and equipment impairment related to the shutdown of in-house ammunition manufacturing.
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Cash Burn and Elevated Inventory
Cash and marketable securities dropped to $10.4 million from $15.5 million six months ago, while inventory remains high at $30.4 million, pressuring working capital.
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Bleak Full-Year Outlook
CEO Conn Davis stated fiscal 2026 will not be a revenue-growth year, with the company planning around current demand trends and expecting only modest second-half improvement.
Analysis · BYRN · Manufacturing
A brutal fiscal second quarter for Byrna Technologies saw revenue collapse 43% year-over-year to $16.4 million, producing a net loss of $10.1 million as e-commerce sales cratered and retail reorders weakened. The quarter included $10.4 million in non-cash impairment and inventory write-down charges from shutting down in-house ammunition manufacturing. CEO Conn Davis acknowledged the reset, stating fiscal 2026 will not be a revenue-growth year and that the company is planning around current demand trends rather than assuming a quick recovery. Cash reserves fell to $10.4 million from $15.5 million six months ago, while inventory remains elevated at $30.4 million. Hopes are pinned on new marketing initiatives and a 'try before you buy' program to reaccelerate growth, but near-term visibility is poor. The stock is trading near its 52-week low, reflecting deep investor skepticism.
At the time of this filing, BYRN was trading at $4.49 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $134.8M. The 52-week trading range was $4.84 to $34.30. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.