earnings
confidence high
sentiment negative
materiality 0.75
Byrna Q3 FY2026 revenue falls 46% to $15.3M; net loss $2.9M, adjusted EBITDA -$1.4M
Byrna Technologies Inc.
2026-Q3 EPS
reported -$0.54
vs consensus -$0.17
▼ miss
(-225.7%)
- Revenue $15.3M vs $28.2M in Q3 2025, ~46% YoY decline on lower e-commerce sales and slower dealer/chain reorder activity after fiscal Q1 restocking.
- Gross profit $12.2M (79% margin) vs $16.9M (60%), including a one-time $2.3M tariff refund; adjusted gross margin ~65% excluding it.
- Net loss $(2.9)M vs net income $2.2M; adjusted EBITDA $(1.4)M vs $4.1M; operating expenses rose 7% to $15.1M on marketing and $1.7M one-time costs.
- Cash and marketable securities $9.4M at Aug 31, 2026 vs $9.0M a year earlier and $15.5M at Nov 30, 2025; inventory $30.0M vs $34.1M.
- Completed HERO Defense Systems acquisition; outsourced ammunition production lifted ammo gross margin ~1,200 bps; added Jim White and Nate Secor as SVPs.