Byrna Q2 revenue down 43% to $16.4M; net loss $10.1M; acquires HERO Defense

Byrna Technologies Inc.

2026-Q2 EPS reported -$0.41 revenue$45,436,000

Net revenue $16.4M vs $28.5M YoY; net loss $(10.1)M vs income $2.4M.
Adjusted gross margin 62% excluding $5.9M inventory write-down and $3.5M equipment impairment.
Adjusted EBITDA $(0.6)M vs $4.3M YoY; cash and securities $10.4M (down from $15.5M).
Entered binding agreement to purchase HERO Defense Systems; no deal value disclosed.
CEO cites soft DTC and retail; reduced launcher lines and exited ammo manufacturing.

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