Byrna Technologies Inc. (BYRN): Results of Operations and Financial Condition
Byrna Technologies Inc. (BYRN) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 ex_985847.htm EXHIBIT 99.1 ex_985847.htm Exhibit 99.1 Byrna Technologies Reports Fiscal Second Quarter 2026 Results ANDOVER, Mass., July 9, 2026 - Byrna Technologies Inc. ( “ Byrna ” or the “ Company ” ) (Nasdaq: BYRN) , a personal defense technology company specializin
How this was made
The 30-second read
Why it matters
Revenue and gross profit fell sharply year over year, with large non-cash impairment and inventory write-downs tied to shutting in-house ammunition manufacturing and product rationalization. Management also describes a steeper-than-expected reset in DTC and slower retail reorders, alongside production capacity reductions and demand-generation initiatives (try-before-you-buy, guided shopping conversion improvements, retail merchandising, and marketing/agency changes).
Market read
Traders can reassess near-term earnings power and working-capital trajectory based on the reported revenue decline, margin compression, cash/inventory levels, and the operational shift away from in-house ammo manufacturing.
What to watch
Inventory is still elevated ($30.4M) and the quarter’s gross profit was heavily distorted by write-downs and equipment impairment, so investors may focus on whether working-capital progress materializes in subsequent quarters.
Background
The 8-K reports Byrna’s fiscal second quarter 2026 results (ended May 31, 2026) and includes operational updates and management commentary.
Ticker impact
Byrna reported Q2 2026 revenue of $16.4M vs $28.5M and a $10.1M net loss, citing inventory write-downs and ammo-manufacturing shutdown.
Near-term downside bias as investors reprice growth and gross margin durability; watch for evidence of inventory reduction and conversion improvement.
The 8-K includes concrete financial datapoints (revenue, gross margin, net loss, cash, inventory) plus operational actions (exit ammo manufacturing, reduced production) that directly affect earnings power and working capital.
Market effects
Could pressure sentiment for consumer defense and less-lethal retail channels if inventory digestion and reorder cycles remain weak.
Limited, as the actions described are company-specific (Fort Wayne ammo shutdown, launcher capacity reduction).
Low, as the tariff refund and impairment are company-specific and not framed as a broad industry shock.
Counterpoint
Adjusted gross margin excluding one-time charges was about 62%, and the company cites early conversion improvement from the try-before-you-buy pilot.
Key entities
- companyByrna Technologies Inc.
Nasdaq-listed less-lethal personal security company reporting Q2 2026 results and restructuring actions.
- companyHERO Defense Systems, LLC
Complementary less-lethal self-defense company Byrna agreed to purchase, expanding product portfolio across price points and form factors.
- partnershipFox Sports (via iHeartMedia)
Media partnership activated to expand Byrna’s reach to sports audiences across radio and digital platforms.
