Byrna Technologies (NASDAQ:BYRN) Releases Earnings Results

Byrna Technologies (NASDAQ:BYRN) announced its quarterly earnings results on Thursday. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.03, FiscalAI reports. Byrna Technologies had a negative net margin of 3.39% and a negative return on equity of 5.85%. The firm had revenue of $15.30 million for the quarter, compared to analysts’ expectations of $16.27 million.

Here are the key takeaways from Byrna Technologies’ conference call:

• Negative Sentiment: Third-quarter revenue fell 46% to $15.3 million, driven by weaker e-commerce sales and slower dealer and chain-store reorders after earlier restocking. The company posted a $2.9 million net loss and negative adjusted EBITDA of $1.4 million.
• Positive Sentiment: Adjusted gross margin improved to approximately 65%, helped by manufacturing and supply-chain efficiencies, favorable mix, and a 1,200-basis-point benefit from outsourcing ammunition production. Management expects margins to remain in the mid-60% range going forward.
• Positive Sentiment: Management reported early progress in direct-to-consumer initiatives: August website traffic reached roughly 29,000 sessions per day, conversion improved sequentially to above 0.6%, and the creator network surpassed 50 participants. Social engagement rose 95% from the first quarter, while creator-generated sales exceeded $45,000.
• Neutral Sentiment: Retail remains a recovery area, with sell-through and reorders still below expectations, although the company cited improving reorder activity, holiday bundles, expanded e-commerce drop-shipping, and additional merchandising and training. Meaningful new retail-door expansion is expected to resume in the first quarter of 2027.
• Positive Sentiment: Byrna completed its Hero Defense Systems acquisition and plans to relaunch HERO products under the Byrna brand around the January 2027 SHOT Show, broadening its product ladder and distribution opportunities. Management also expects inventory to decline by $2 million–$3 million in the fourth quarter and ended the quarter with no debt.

Byrna Technologies Stock Performance

NASDAQ:BYRN opened at $4.73 on Friday. The stock has a market capitalization of $110.73 million, a P/E ratio of -26.28 and a beta of 1.70. The company has a 50 day moving average price of $3.84 and a 200 day moving average price of $5.25. Byrna Technologies has a fifty-two week low of $3.16 and a fifty-two week high of $30.62.

Byrna Technologies News Roundup

Here are the key news stories impacting Byrna Technologies this week:

• Positive Sentiment: Byrna reported a fiscal Q3 loss of $0.13 per share, better than the $0.15–$0.16 loss analysts expected. Zacks Q3 earnings report
• Positive Sentiment: Gross profit was $12.2 million, with reported gross margin of 79%, helped by a one-time $2.3 million tariff refund. Management expects to maintain gross margin near the mid-60% range going forward. Seeking Alpha margin and inventory report
• Positive Sentiment: Management plans to reduce inventory by approximately $2 million to $3 million in Q4, which could improve working-capital efficiency and liquidity. The company ended the quarter with $30.0 million of inventory and $9.4 million in cash, cash equivalents and marketable securities. Inventory reduction report
• Positive Sentiment: Reported insider activity showed purchases and no sales over the past six months, a potential confidence signal, although insider transactions do not guarantee future performance. Quiver Quantitative report
• Neutral Sentiment: Byrna completed its acquisition of HERO Defense Systems during the quarter, creating potential expansion opportunities but also adding integration and execution risk. Byrna fiscal Q3 results
• Negative Sentiment: Revenue fell to $15.3 million from $28.2 million a year earlier and missed the approximately $16.3 million analyst estimate, highlighting continued demand and execution concerns. RTTNews Byrna earnings report
• Negative Sentiment: The company posted a $2.9 million net loss, compared with $2.2 million of net income a year earlier, while operating expenses rose 7% year over year to $15.1 million. Quiver Quantitative Byrna results

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BYRN. Roth Capital cut shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price target for the company. in a research note on Friday, July 10th. B. Riley Financial cut their target price on Byrna Technologies from $21.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Zacks Research upgraded Byrna Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. Finally, Wall Street Zen downgraded Byrna Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.88.

Insider Transactions at Byrna Technologies

In related news, Director Chris Reed acquired 8,150 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were acquired at an average price of $3.63 per share, with a total value of $29,584.50. Following the completion of the transaction, the director owned 61,720 shares of the company’s stock, valued at $224,043.60. The trade was a 15.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Leonard J. Elmore purchased 10,000 shares of Byrna Technologies stock in a transaction on Thursday, August 6th. The stock was bought at an average cost of $4.64 per share, for a total transaction of $46,400.00. Following the transaction, the director directly owned 60,811 shares in the company, valued at $282,163.04. This represents a 19.68% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 71,258 shares of company stock valued at $261,855. Corporate insiders own 1.60% of the company’s stock.

About Byrna Technologies

Byrna Technologies Inc is a personal-security company that develops and sells less-lethal protection products for consumers, security professionals and law enforcement agencies. The company’s product portfolio is centered on handheld launchers designed to provide an alternative to conventional firearms for personal protection and other security applications.

Byrna’s products include compact launchers, projectiles and related accessories. Its ammunition offerings include chemical-irritant rounds, kinetic-impact rounds and inert training rounds, while its product line also includes replacement parts, holsters, storage products and other accessories.