Byrna Q3 Revenue Falls 46% to $15.3M, Swings to $2.9M Net Loss
BYRN sits 17% above its 52-week low of $3.165.
Summary
Byrna reported Q3 revenue of $15.3M, down 46% year-over-year, and a net loss of $2.9M. Cash fell to $9.4M while inventory remains high at $30M.
Key Events · Earnings and Guidance · BYRN
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Q3 Revenue Down 46%
Net revenue fell to $15.3M from $28.2M in Q3 2025, driven by declining e-commerce sales and slower dealer reorders.
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Net Loss of $2.9M
Swung from $2.2M net income in Q3 2025 to a $2.9M net loss, with adjusted EBITDA of $(1.4)M versus $4.1M a year ago.
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Cash Down to $9.4M
Cash and marketable securities totaled $9.4M as of Aug 31, 2026, down from $15.5M at Nov 30, 2025, while inventory remains elevated at $30.0M.
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Gross Margin Inflated by Tariff Refund
Reported gross margin of 79% includes a one-time $2.3M tariff refund; adjusted gross margin was approximately 65%, up from 60% year-over-year.
Analysis · BYRN · Manufacturing
Byrna's Q3 results show a 46% revenue decline to $15.3M and a swing from $2.2M net income to a $2.9M net loss. The headline 79% gross margin is inflated by a one-time $2.3M tariff refund — adjusted gross margin is ~65%. Cash has dropped to $9.4M from $15.5M at fiscal year-end, while inventory remains elevated at $30M. Against the backdrop of the EPA solvent issue disclosed today and the activist campaign from former CEO Bryan Ganz, these results confirm the company is burning cash while revenue contracts sharply.
How filings like this one have moved
In the 30 days to Oct 8, 2026, 28.8% of the 1700 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.60%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BYRN was trading at $3.70 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $94.8M. The 52-week trading range was $3.17 to $30.62. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.