Byrna Technologies (BYRN) offers less-lethal defense products and trades at a discounted valuation but faces severe demand headwinds. Revenue declined 45.7% YoY in Q3 2026, with wholesale sales dropping 61.1%, raising concerns about true end-user demand. Gross margin improvements from outsourcing and a tariff refund are positive, yet persistent net losses and negative adjusted EBITDA highlight ongoing profitability challenges.
Byrna Technologies Inc. (BYRN) Q3 2026 Earnings Call Transcript
Byrna Technologies NASDAQ: BYRN reported lower fiscal third-quarter revenue and a net loss as e-commerce sales declined and dealer and chain-store reorders slowed following earlier inventory restocking. Management said it is seeing early progress from efforts to improve online conversion, broaden marketing reach, increase retail productivity and enhance operational efficiency.
| Aerospace & Defense Industry | Industrials Sector | Conn Davis CEO | XFRA Exchange | US12448X2018 ISIN |
| US Country | 159 Employees | - Last Dividend | 27 Apr 2021 Last Split | - IPO Date |
Byrna Technologies Inc. stands as a prominent entity in the non-lethal defense technology sector, offering innovative solutions geared towards law enforcement agencies, private security firms, and individual users seeking non-lethal defense options. The company's mission is centered on providing efficient, safe, and legal alternatives to traditional firearms for self-defense and security purposes, making protection accessible without the necessity for a firearm license or a background check. Initially established under the name Security Devices International, Inc., the organization underwent a significant rebranding to Byrna Technologies Inc. in March 2020. Since its inception in 2005, headquartered in Andover, Massachusetts, Byrna Technologies has expanded its operational footprint to cater to markets in the United States, South Africa, Europe, South America, Asia, and Canada, delivering its products and services through diverse channels including direct sales, e-commerce, and various distribution networks.
Byrna Technologies Inc. boasts a comprehensive portfolio of products and services designed for various non-lethal defense applications: