Byrna Technologies (NASDAQ:BYRN) Announces Earnings Results

Byrna Technologies (NASDAQ:BYRN - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02), FiscalAI reports. Byrna Technologies had a net margin of 7.30% and a return on equity of 14.45%. The business had revenue of $29.05 million for the quarter, compared to the consensus estimate of $30.21 million. During the same period in the prior year, the business earned $0.07 earnings per share.

Here are the key takeaways from Byrna Technologies' conference call:

• Net revenue rose 11% to $29.0M, but net income and adjusted EBITDA declined (to $0.8M and $2.2M respectively), cash fell to $9.6M, and inventory remains elevated at $33.1M, prompting a stated focus on working-capital optimization.
• Byrna.com conversion has fallen materially (roughly 1.17% peak last year to ~0.54% in March) and average order value weakened, contributing to an expected Q2 revenue shortfall, though management is deploying fixes like the Find the Right Launcher quiz (30,000+ responses, ~2x site conversion) and messaging changes.
• Management is prioritizing brick‑and‑mortar expansion as the primary growth lever—targeting about 2,000 total locations by year‑end with new rollouts at Academy and Murdoch's—and reports stores with shooting experiences drive roughly 3x the sales of non‑experience stores.
• Operational moves include reduced build rates, lean manufacturing at the Fort Wayne plant, and a next‑generation modular launcher platform planned for early 2027 intended to cut component/labor costs and support margin improvement, with capital allocation focused on the core launcher business.

Byrna Technologies Stock Performance

Shares of BYRN stock opened at $5.68 on Friday. Byrna Technologies has a one year low of $5.56 and a one year high of $34.30. The company has a 50 day moving average price of $11.08 and a 200 day moving average price of $16.13. The firm has a market capitalization of $128.88 million, a price-to-earnings ratio of 15.78 and a beta of 2.46.

Institutional Trading of Byrna Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in BYRN. State Street Corp grew its stake in shares of Byrna Technologies by 5.8% in the fourth quarter. State Street Corp now owns 987,936 shares of the company's stock worth $16,587,000 after purchasing an additional 54,555 shares in the last quarter. Millennium Management LLC raised its position in shares of Byrna Technologies by 32.7% during the fourth quarter. Millennium Management LLC now owns 893,268 shares of the company's stock worth $14,998,000 after purchasing an additional 220,130 shares during the period. Geode Capital Management LLC increased its position in shares of Byrna Technologies by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 440,843 shares of the company's stock worth $7,403,000 after acquiring an additional 1,126 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of Byrna Technologies in the 2nd quarter valued at approximately $13,079,000. Finally, ArrowMark Colorado Holdings LLC grew its position in Byrna Technologies by 44.0% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 400,420 shares of the company's stock valued at $6,723,000 after purchasing an additional 122,409 shares in the last quarter. Institutional investors own 25.46% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Craig Hallum cut Byrna Technologies from a "buy" rating to a "hold" rating and set a $7.50 price objective on the stock. in a research note on Friday. B. Riley Financial cut their price objective on shares of Byrna Technologies from $31.00 to $21.00 and set a "buy" rating on the stock in a research report on Friday. New Street Research set a $7.50 target price on shares of Byrna Technologies in a research note on Friday. Roth Mkm lowered their target price on shares of Byrna Technologies from $26.00 to $12.50 and set a "buy" rating for the company in a report on Friday. Finally, Texas Capital raised shares of Byrna Technologies to a "strong-buy" rating in a research note on Tuesday, March 24th. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $12.12.

Byrna Technologies News Summary

Here are the key news stories impacting Byrna Technologies this week:

• Positive Sentiment: B. Riley cut its price target to $21 from $31 but reiterated a "buy" rating, leaving a sizable implied upside relative to current levels — a vote of confidence from a sell‑side firm that could support the stock if execution or results improve. Benzinga
• Neutral Sentiment: Full Q1 2026 earnings call transcripts and summaries are available for investors to review management commentary on execution, channel demand, and guidance — useful for judging whether the miss is temporary. Yahoo Earnings Call Summary
• Negative Sentiment: Q1 results missed expectations: EPS $0.03 vs. consensus (~$0.05–$0.08) and revenue $29.05M vs. est. $30.21M — the miss and commentary on execution prompted downward reaction and raise concerns about near‑term growth. Investing.com
• Negative Sentiment: MarketWatch and other outlets highlighted "execution struggles" on the quarter — negative press amplifies investor concern and can pressure the stock near its 1‑year low. MarketWatch
• Negative Sentiment: Craig Hallum downgraded BYRN from "buy" to "hold" and cut its price target to $7.50, reducing near‑term analyst support and signaling lower conviction among some brokers. The Fly
• Negative Sentiment: Technicals and liquidity: shares are trading with elevated volume and are close to their 1‑year low while well below the 50‑ and 200‑day moving averages — a headwind for buyers until fundamentals or sentiment improve. GlobeNewswire (press release)

Byrna Technologies Company Profile

Byrna Technologies, Inc NASDAQ: BYRN designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company's flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO₂-powered variant optimized for close-quarters defense.

In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.