Byrna Technologies (NASDAQ:BYRN) Posts Earnings Results, Beats Expectations By $0.03 EPS

Byrna Technologies (NASDAQ:BYRN) issued its quarterly earnings data on Thursday. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03, FiscalAI reports. Byrna Technologies had a negative net margin of 9.20% and a negative return on equity of 14.01%. The company had revenue of $15.30 million for the quarter, compared to the consensus estimate 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 Trading Down 4.4%

NASDAQ:BYRN opened at $4.52 on Friday. Byrna Technologies has a 12 month low of $3.16 and a 12 month high of $30.62. The business’s 50-day moving average is $3.84 and its 200 day moving average is $5.24. The company has a market capitalization of $105.81 million, a P/E ratio of -11.30 and a beta of 1.70.

Insider Transactions at Byrna Technologies

In other Byrna Technologies news, Director Leonard J. Elmore purchased 10,000 shares of Byrna Technologies stock in a transaction that occurred on Thursday, August 6th. The shares were bought at an average price of $4.64 per share, for a total transaction of $46,400.00. Following the completion of the transaction, the director owned 60,811 shares of the company’s stock, valued at approximately $282,163.04. This trade represents a 19.68% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Conn Q. Davis acquired 18,768 shares of the stock in a transaction on Wednesday, July 22nd. The shares were acquired at an average price of $3.46 per share, with a total value of $64,937.28. Following the transaction, the chief executive officer directly owned 18,768 shares of the company’s stock, valued at $64,937.28. The trade was a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 71,258 shares of company stock valued at $261,855 over the last 90 days. Insiders own 1.60% of the company’s stock.

Key Byrna Technologies News

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

• Positive Sentiment: EPS beat expectations: Byrna reported a loss of $0.13 per share, better than the consensus estimate of a $0.16 loss. The company also reported a 79% gross margin, helped by a one-time $2.3 million tariff refund. Byrna Technologies earnings report
• Positive Sentiment: Inventory reduction and insider buying provide support: Management is targeting a $2 million to $3 million inventory reduction in the fourth quarter. Separately, reported insider activity showed purchases and no sales over the past six months, which may signal management confidence. Byrna inventory and margin update
• Neutral Sentiment: Acquisition adds potential but execution risk: Byrna completed its acquisition of HERO Defense Systems during the quarter. The deal could broaden its product offering, but investors will watch whether it contributes enough revenue to offset current weakness.
• Negative Sentiment: Revenue and profitability deteriorated sharply: Third-quarter revenue fell to $15.3 million from $28.2 million a year earlier and missed analyst expectations of $16.27 million. Byrna posted a $2.9 million net loss versus $2.2 million of net income in the prior-year quarter, while operating expenses increased 7% to $15.1 million. Cash and marketable securities totaled only $9.4 million, increasing concern about financial flexibility. Byrna fiscal third-quarter results
• Negative Sentiment: Investor sentiment remains mixed: Reports indicated that the stock weakened after the revenue miss and expanding loss. The supplied short-interest update lists zero shares short, despite describing a significant increase, suggesting the data may be inconsistent and should not be treated as a reliable bullish or bearish signal.

Analysts Set New Price Targets

Several analysts recently commented on the company. Craig Hallum reaffirmed a “hold” rating and issued a $3.50 price objective on shares of Byrna Technologies in a report on Friday. Zacks Research upgraded shares of Byrna Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. Wall Street Zen upgraded shares of Byrna Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday. B. Riley Financial cut their price objective 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, July 9th. Finally, Roth Capital lowered Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price objective for the company. in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Byrna Technologies has a consensus rating of “Moderate Buy” and an average target price of $6.88.

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.