Byrna Technologies Shares Jump 16% in 1 Day Since Financial Results

Net Income YoY

-230.2%

Key highlights

• Net revenue fell to $15.30 million, down from $28.18 million in the prior year period
• Net loss of $2.91 million represents a 230.2% decline from previous year's profit
• Recorded a $4.5 million impairment loss on property and equipment
• Recognized a $3.6 million write-down on ammunition inventory
• Completed the acquisition of HERO Defense Systems, LLC assets on August 6, 2026

How the Period Went

Byrna Technologies reported a substantial decrease in net revenue for the third quarter ended August 31, 2026, totaling $15.30 million compared to $28.18 million in the third quarter of 2025. This 45.7% decline reflects a continuing sequential downward trend from the $29.0 million reported in the first quarter and $16.4 million in the second quarter of this fiscal year. Consequently, the company swung from a net income of $2.23 million in the prior year period to a net loss of $2.91 million. For the nine-month period, the net loss reached $12.2 million, as the company faced lower sales volumes across its core product categories.

Margins and Profitability

Gross profit for the period was $12.15 million, down from $16.92 million a year ago. While the company maintained a high gross margin relative to its revenue, overall profitability was heavily weighed down by $8.1 million in non-cash charges. These included a $4.5 million impairment loss on property and equipment and a $3.6 million write-down of ammunition inventory. These adjustments, aimed at aligning asset values with current market conditions, were the primary factors in the company reporting a pretax loss of $2.91 million, a sharp reversal from the $2.86 million pretax income recorded in the same quarter last year.

Business Overview

Byrna Technologies operates in the Aerospace and Defense sector, focusing on less-lethal personal security solutions for consumers, law enforcement, and private security. Its product portfolio centers on handheld launchers that fire kinetic or chemical irritant projectiles. In a strategic effort to expand its market reach, Byrna completed the acquisition of HERO Defense Systems assets on August 6, 2026, for $1.25 million plus royalties. According to StockTitan.net, this deal is intended to diversify Byrna's product offerings. The company serves a global market, providing alternatives to traditional firearms to enhance public safety without lethal force.

Financial Context

The quarterly results coincide with a period of significant stock price volatility, as BYRN shares have declined 42.8% over the last three months. This aligns with management's July 2026 guidance, which projected that fiscal 2026 would not be a revenue growth year relative to the $118.1 million generated in fiscal 2025. Despite the year-over-year revenue contraction, market sentiment showed recent signs of stabilization, with the stock rising 23.85% over the past week and maintaining a Relative Strength Index of 62.9. The company is currently targeting a gross margin exit rate of approximately 62% for the fiscal year.

Up 12.3% since our story on 8 Oct: $4.05 when we broke it → $4.55 at the close on 13 Oct. Daily closing prices. Source: Yahoo Finance.

Show the prices

14 Sep	$3.73
15 Sep	$3.73
16 Sep	$3.71
17 Sep	$3.78
18 Sep	$3.68
21 Sep	$3.52
22 Sep	$3.47
23 Sep	$3.62
24 Sep	$3.62
25 Sep	$3.49
28 Sep	$3.37
29 Sep	$3.33
30 Sep	$3.27
1 Oct	$3.48
2 Oct	$3.48
5 Oct	$3.63
6 Oct	$3.69
7 Oct	$4.05
8 Oct	$4.73
9 Oct	$4.52
12 Oct	$4.56
13 Oct	$4.55

Industry Landscape

• The non-lethal defense sector faces slowing consumer demand compared to the record highs of previous fiscal years
• Smaller specialized firms are experiencing heightened inventory volatility compared to diversified defense contractors
• Recent acquisitions within the sector suggest a trend toward consolidation in personal security technology
• Supply chain realignments have led to increased inventory write-downs across the defense manufacturing industry
• Law enforcement interest in less-lethal alternatives remains a core long-term driver for the sector

Byrna Technologies Inc. · financial snapshot

Share price	$4.05
Market cap	$92M
Revenue (annual)	$118M
1-month price change	+10.05%
Sector	IndustrialsAerospace & Defense

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.