Byrna Technologies Q2 revenue falls more than expected on weak online sales; posts net loss

Byrna Technologies

09/07/2026 13:18

Overview
US personal defense tech firm's fiscal Q2 revenue fell 43% yr/yr, missing analyst expectations
Company posted a net loss for Q2, impacted by inventory write-downs and impairment charges
Byrna took actions to align production with demand and improve cost efficiency

Outlook
Byrna says fiscal 2026 will not be a revenue-growth year
Company expects improvement in second half as retailers prepare for holidays
Byrna aims to reduce inventory and improve working capital efficiency in 2026

Result Drivers
WEAK E-COMMERCE AND RETAIL REORDERS - Co said Q2 revenue decline was driven by lower e-commerce sales and slower dealer and chain store reorders after heavy Q1 restocking and weak sell-through
INVENTORY AND IMPAIRMENT CHARGES - Q2 results included a $5.9 mln inventory write-down and $3.5 mln equipment impairment, mainly tied to the shutdown of in-house ammunition manufacturing and product rationalization
PRODUCTION AND COST ALIGNMENT - Co reduced launcher assembly lines and exited in-house ammo manufacturing to better match production with demand and improve cost efficiency

Company press release: ID:nGNX2srwb2

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$16.4 mln
$22.31 mln (4 Analysts)
Q2 EPS
 
-$0.44
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for Byrna Technologies Inc is $13.75, about 131.5% above its July 8 closing price of $5.94
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)