Byrna Technologies (NASDAQ:BYRN) Issues Quarterly Earnings Results

Byrna Technologies (NASDAQ:BYRN) posted its earnings results on Thursday. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.34), FiscalAI reports. The company had revenue of $16.39 million for the quarter, compared to analysts’ expectations of $22.32 million. Byrna Technologies had a net margin of 7.30% and a return on equity of 14.14%.

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

• Q2 revenue missed expectations, coming in at $16.4 million versus $28.5 million a year ago, as e-commerce traffic weakened and retail partners held elevated inventory after Q1 restocking.
• Profitability was pressured by one-time charges, including a $3.6 million inventory write-down, a $3.5 million impairment on manufacturing equipment, and a $2.3 million inventory reserve tied to product rationalization.
• Management outlined a major operating reset focused on improving online conversion, retail productivity, demand generation, and tighter linking of production, inventory, and cash flow to visible demand.
• The company highlighted early progress in its consumer education and retail activation initiatives, including a “Find the Right Launcher” quiz that converts at about twice the site average and a trial program with near-30% conversion.
• Byrna said it is expanding its product and channel strategy through the HERO acquisition, new marketing partnerships, and production changes such as outsourcing ammunition manufacturing to lower costs and improve margins over time.

Byrna Technologies Price Performance

Shares of BYRN opened at $3.94 on Friday. Byrna Technologies has a one year low of $3.89 and a one year high of $32.36. The firm has a market capitalization of $89.40 million, a PE ratio of 10.94 and a beta of 1.80. The company has a 50-day simple moving average of $5.83 and a two-hundred day simple moving average of $9.98.

Wall Street Analysts Forecast Growth

BYRN has been the topic of several research analyst reports. Craig Hallum cut shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price objective on the stock. in a research report on Friday, April 10th. B. Riley Financial dropped their target price on shares of Byrna Technologies from $21.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday. Texas Capital raised shares of Byrna Technologies to a “strong-buy” rating in a research note on Tuesday, March 24th. Wall Street Zen lowered shares of Byrna Technologies from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Finally, Roth Capital lowered their price target on Byrna Technologies from $26.00 to $12.50 and set a “buy” rating on the stock in a research report on Friday, April 10th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Byrna Technologies presently has an average rating of “Buy” and an average target price of $9.88.

Key Byrna Technologies News

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

• Neutral Sentiment: Byrna announced a definitive agreement to acquire HERO Defense Systems assets, a bolt-on deal that adds compact everyday-carry personal defense products and could expand its addressable market and product lineup. Byrna Technologies Enters Definitive Agreement to Acquire HERO Defense Systems Assets
• Neutral Sentiment: Management said it expects a roughly 62% gross margin exit rate for fiscal 2026 as it closes the HERO deal, which points to a longer-term margin improvement plan, but also highlights an ongoing transformation phase. Byrna outlines ~62% gross margin exit for fiscal 2026 as it moves to close HERO deal
• Neutral Sentiment: B. Riley cut its price target on Byrna Technologies to $12 from $21 while keeping a buy rating, reflecting a more cautious near-term outlook despite still seeing upside from current levels. Benzinga report on B. Riley price target cut
• Negative Sentiment: Byrna reported Q2 EPS of -$0.44, far worse than the -$0.10 consensus, and revenue of $16.39 million versus expectations of $22.32 million, a clear earnings and sales miss that is weighing on the stock. Byrna Technologies Reports Fiscal Second Quarter 2026 Results
• Negative Sentiment: Analyst coverage and media reaction focused on the tough reset narrative after the company swung to a quarterly loss, reinforcing investor concerns about slower demand and execution risk. Byrna Technologies Earnings Call Signals Tough Reset

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. State Street Corp lifted its holdings in shares of Byrna Technologies by 5.8% during the fourth quarter. State Street Corp now owns 987,936 shares of the company’s stock valued at $16,587,000 after purchasing an additional 54,555 shares during the last quarter. Millennium Management LLC grew its position in Byrna Technologies by 32.7% during the fourth quarter. Millennium Management LLC now owns 893,268 shares of the company’s stock valued at $14,998,000 after buying an additional 220,130 shares during the period. Geode Capital Management LLC increased its holdings in Byrna Technologies by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 440,843 shares of the company’s stock valued at $7,403,000 after buying an additional 1,126 shares during the last quarter. Invesco Ltd. purchased a new stake in shares of Byrna Technologies in the 2nd quarter worth $13,079,000. Finally, ArrowMark Colorado Holdings LLC raised its holdings in Byrna Technologies by 44.0% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 400,420 shares of the company’s stock worth $6,723,000 after purchasing an additional 122,409 shares during the period. 25.46% of the stock is currently owned by institutional investors.

Byrna Technologies Company Profile

Byrna Technologies, Inc (NASDAQ: BYRN) designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company’s flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO?-powered variant optimized for close-quarters defense.

In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.