Quarterly ResultJul 9, 2026, 08:13 AM
Byrna Technologies Reports Q2 Net Loss of $10.09M; Revenue Down 42.5%
AI Summary
Byrna Technologies reported a net loss of $10.09 million for the three months ended May 31, 2026, a significant decline from a net income of $2.43 million in the prior year. Revenue decreased by 42.5% to $16.39 million. The company also ceased ammunition production at its Fort Wayne facility and recorded impairment losses on property and equipment, alongside a write-down of ammunition inventory.
Key Highlights
- Net loss of $10.09 million for Q2 2026, compared to $2.43 million net income in Q2 2025.
- Q2 2026 net revenue decreased 42.5% to $16.39 million from $28.51 million in Q2 2025.
- Basic net loss per share was $0.44 for Q2 2026, down from $0.11 EPS in Q2 2025.
- Recorded $4.51 million impairment loss on property and equipment for six months ended May 31, 2026.
- Recorded $3.61 million write-down of ammunition inventory for six months ended May 31, 2026.
- Net cash used in operating activities improved to $3.03 million from $9.24 million in prior year.
- Cessation of ammunition production at Fort Wayne facility.
- Repurchased $0.95 million of common stock during the six months ended May 31, 2026.
Price Impact
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