Byrna Q2 Revenue Misses by 26%, Posts $10.1M Loss; Guides for No Growth in FY2026
BYRN is trading near its 52-week low of $4.84 (1.9% below the low).
Summary
Byrna Technologies reported a disastrous Q2: revenue plunged 43% YoY to $16.4M, missing consensus by $5.9M. The company swung to a $10.1M net loss, dragged down by $9.4M in inventory write-downs and equipment impairment charges tied to shutting down in-house ammo manufacturing. Management explicitly guided that fiscal 2026 will not be a revenue-growth year, a stark reversal from prior expectations. This follows a June restructuring that saw the departure of the sales and marketing president, and the recent $1.25M HERO Defense Systems acquisition. The stock, already trading near its 52-week low of $4.84, faces further pressure as the core e-commerce and retail channels show severe weakness. With no growth expected this year and deep cost cuts underway, the investment thesis hinges on whether the holiday season can stabilize demand.
At the time of this announcement, BYRN was trading at $4.75 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $134.8M. The 52-week trading range was $4.84 to $34.30. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Reuters.