Byrna Technologies Inc

Latest Report Overview

Byrna Technologies Inc (BYRN) reported For the quarterly period ended August 31, 2026 (Issuer fiscal Q3 FY2026) revenue of $15.3 million with diluted EPS of $-0.13 and net income of -$2.9 million. Operating margin was -19.2%, and free cash flow was -$538 thousand for the period. The latest quarter reflects continued normalization in consumer demand following historical peak periods driven by social unrest and heightened security awareness. Despite the revenue contraction, management has focused on maintaining stringent cost controls and operational efficiencies, evidenced by an exceptional gross margin profile that underscores the premium positioning of Byrna's patented non-lethal launchers and projectile technologies. Liquidity remains solid with a current ratio of 4.86 and zero long-term debt, providing adequate financial runway despite negative operating cash flow of $436,000 during the quarter. Management continues to invest in targeted digital marketing campaigns and expanding its law enforcement and security dealer networks to diversify revenue streams away from purely discretionary consumer purchases.

Key Takeaways for Byrna Technologies Inc

• Byrna Technologies reported Q3 revenue of $15.30 million, representing a 45.7% year-over-year decline as demand normalized from prior historical peaks.
• Net loss for the quarter reached $2.91 million, with diluted EPS of -$0.13, reflecting operating deleverage from lower sales volumes.
• Gross margins remained exceptionally strong at 79.5%, highlighting pricing power and high product margin structure despite top-line contraction.
• The balance sheet remains pristine with zero debt and $8.42 million in cash, supported by a strong current ratio of 4.86.
• Operating cash flow was negative $436,000 for the quarter, with free cash flow standing at negative $538,000.
• Management continues to prioritize expansion into law enforcement and security institutional markets to establish more predictable, recurring revenue channels.

What Does Byrna Technologies Inc Do?

Byrna Technologies Inc. is a defense technology company specializing in the development, manufacture, and sale of innovative non-lethal self-defense weapons and projectiles. The company's flagship product line includes handheld CO2-powered launchers (such as the Byrna SD, Byrna LE, and Byrna Mission 4) designed to look and feel like firearms but engineered to incapacitate threats without lethal force using kinetic impact and chemical irritant projectiles like pepper and tear gas rounds. The company serves a diverse customer base, including individual retail consumers seeking personal and home protection, private security guards, and law enforcement agencies looking for intermediate-force compliance tools. Byrna operates primarily in North America while expanding into international markets through a network of independent dealers, distributors, and direct-to-consumer e-commerce channels. Scale indicators include trailing twelve-month revenue of approximately $95.98 million, a workforce spanning manufacturing and corporate facilities, and a growing installed base of consumer and institutional users. Byrna's unique value proposition lies in bridging the gap between lethal firearms and traditional ineffective self-defense sprays, backed by proprietary projectile formulations and patented launcher mechanisms.

Growth Drivers for Byrna Technologies Inc

• Expansion into law enforcement and institutional security markets through specialized product offerings like the Byrna LE.
• Direct-to-consumer digital marketing optimization to lower customer acquisition costs and drive e-commerce sales.
• International distribution partnerships scaling sales across Europe, Latin America, and other global regions.
• New product introductions and accessories, including rifle-platform launchers and upgraded projectile formulations.
• Retail footprint expansion through partnerships with major sporting goods chains and firearm dealers.