Byrna Technologies reported second quarter 2026 net revenue of $16.4 million, a 43% decrease from the prior year, and a net loss of $(0.44) per share. These results fell significantly short of analyst expectations for $22.2 million in revenue and a loss of $(0.12) per share, driven by large one-time charges and operational resets.
Key Highlights
- The year-over-year revenue decline was attributed to weakness in e-commerce and slower reorders from retail partners dealing with elevated inventory and slow consumer sell-through.
- Gross margin collapsed to 11% from 62% in the prior year, impacted by a combined $9.4 million in inventory write-downs and equipment impairment charges related to ceasing in-house ammunition manufacturing.
- Management stated that fiscal 2026 will not be a revenue-growth year, resetting expectations as the company focuses on aligning production with current demand and working down inventory.