BYRN earnings analysis
What we found in BYRN's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Byrna Technologies reported significant financial challenges in Q2 2026, with total revenue of $16.4 million, a dramatic 42.5% decline from $28.5 million in the same quarter last year. Gross profit also plummeted to $1.8 million (10.9% margin), weighed down by substantial inventory write-downs and production impairment charges totaling $9.4 million. The company posted a net loss of $10.1 million compared to a net income of $2.4 million in Q2 2025, illustrating ongoing operational difficulties and market headwinds.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline of 42.5%
- Byrna reported Q2 2026 revenues of $16.4 million, declining from $28.5 million in Q2 2025.
- Gross Margin Plummets to 10.9%
- Gross profit dropped to $1.8 million, marking a gross margin decrease from 61.6% to 10.9% year-over-year.
- Significant Inventory Write-Downs of $5.9 million
- The company faced a $5.9 million write-down due to a strategic decision to cease in-house ammunition production.
- Net Loss of $10.1 million
- The net loss reflects a significant downturn from a net income of $2.4 million in the same period last year.
- Operating Cash Flow Improved
- Cash used in operating activities decreased to $3.0 million in H1 2026 from $9.2 million during the prior year period.
- Share Buyback Program Continues
- Byrna's board approved a $10 million share repurchase program to return capital to shareholders.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Integration Challenges Post-Acquisition
- The integration of acquisitions may prove more complex than anticipated, negatively impacting financial performance.
- Lower Demand in DTC Sales
- A 34.5% decline in direct-to-consumer sales indicates a concerning drop in consumer purchasing behavior.
- Inventory Management Risks
- The company faces risks related to excess inventory that could worsen cash flow and operational stability.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.1
- Gross margin
- 10.9%
- Segment
- Direct-to-Consumer: $11.0 million, down 34.5% from $16.8 million
- Segment
- Wholesale: $5.4 million, down 53.8% from $11.7 million
What they said about what is next.
Management anticipates ongoing market volatility impacting growth expectations.
The filing reads worse than the one before it.
What came before.
- 10-Q · April 9, 2026
- Byrna reported revenue of $29.05M and gross profit of $17.40M for the quarter ended February 28, 2026, up versus the prior-year quarter (revenue $26.19M). Gross margin remained steady at ~59.9% while operating income…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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