Byrna Technologies Q3 revenue misses on weaker e-commerce sales

Byrna Technologies

08/10/2026 13:11

Overview
Personal defense tech firm's Q3 revenue fell 46% yr/yr, missing analyst expectations
Company Q3 gross margin improved to 79% from 60% yr/yr, aided by tariff refund
Company completed HERO Defense Systems acquisition, expanding product portfolio

Outlook
Company expects inventory levels to normalize further during the upcoming holiday sales period
Company anticipates improved cash generation and results as inventory sell-through increases
Company expects sequential improvement in results toward the end of the fiscal year

Result Drivers
E-COMMERCE & DEALER SLOWDOWN - Co said revenue decline was mainly due to weaker e-commerce sales and slower dealer and chain store reorders after earlier restocking
AMMUNITION OUTSOURCING - Outsourcing ammunition production improved gross margins and reduced operational complexity
PRODUCT MIX & EFFICIENCY - Shift to higher margin products and manufacturing efficiency gains drove adjusted gross margin improvement

Company press release: ID:nGNX2VdmHp

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$15.30 mln
$16.26 mln (4 Analysts)
Q3 Loss Per Share
 
$0.13
 
Q3 Net Loss
 
$2.91 mln
 
Q3 Gross Margin
 
79.50%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "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 $7.25, about 79% above its October 7 closing price of $4.05

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(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.)