Quarterly ResultJul 9, 2026, 08:02 AM
Byrna Q2 Revenue Down 43% to $16.4M; Reports $(10.1)M Net Loss
AI Summary
Byrna Technologies Inc. reported a significant decline in its fiscal second-quarter 2026 financial results, with net revenue decreasing 43% to $16.4 million and a net loss of $(10.1) million. The company attributed the performance to soft direct-to-consumer sales and slower retail reorder activity, leading to a "steeper reset" than expected. Despite the financial downturn, Byrna announced strategic initiatives including a binding agreement to acquire HERO Defense Systems, LLC, operational realignments to improve cost efficiency, and new marketing partnerships, with management anticipating improvement in the second half of fiscal 2026.
Key Highlights
- Net revenue decreased 43% year-over-year to $16.4 million.
- Reported a net loss of $(10.1) million, compared to a net income of $2.4 million in Q2 2025.
- Gross profit fell to $1.8 million (11% of net revenue) from $17.6 million (62%) in Q2 2025.
- Adjusted EBITDA was $(0.6) million, down from $4.3 million in Q2 2025.
- Entered a binding agreement to acquire HERO Defense Systems, LLC.
- Reduced launcher assembly operations and ceased in-house ammunition manufacturing.
- Cash, cash equivalents, and marketable securities totaled $10.4 million.
- Promoted Matthew Campagni to Chief Strategy Officer.
Price Impact
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