Byrna Technologies Inc. Reports Fiscal First Quarter 2026 Results

Byrna Technologies Inc. reported its financial results for the first fiscal quarter ended February 28, 2026. The company experienced an 11% year-over-year increase in net revenue, reaching $29.0 million, driven by sales expansion in dealer and chain store channels. Gross profit was $17.4 million (60% of net revenue), a slight decrease from the previous year's 61% margin, attributed to a greater contribution from dealer and chain store sales. Operating expenses increased by 16% to $16.5 million, reflecting higher advertising and marketing costs. Net income for the quarter was $0.8 million, down from $1.7 million in the prior year. Adjusted EBITDA was $2.2 million, compared to $3.0 million in Q1 2025. The company appointed Conn Davis as CEO and highlighted strategic priorities including retail channel execution, broader customer reach, improved conversion, and operating leverage. They also announced partnerships with Academy Sports + Outdoors and expanded presence with Murdoch's Ranch & Home Supply. The company noted that Q2 is developing below expectations, and they are implementing changes to improve execution, making near-term results more variable.