Byrna Technologies Q3 revenue misses on weaker e-commerce sales
BYRN•Byrna Technologies’ third-quarter revenue fell 46% year over year to $15.30 million, below the $16.26 million analyst consensus, as e-commerce sales weakened. Gross margin rose to 79.5% from 60%, aided by a tariff refund.
1. Quarterly results
The company reported a third-quarter net loss of $2.91 million, or $0.13 per share. It said weaker e-commerce sales and slower dealer and chain-store reorders after earlier restocking drove the revenue decline.
2. Margins and outlook
Gross margin improved as the company outsourced ammunition production, shifted toward higher-margin products and gained manufacturing efficiencies. Byrna completed its acquisition of HERO Defense Systems and expects inventory levels to normalize further during the holiday sales period, with improved cash generation and results as inventory sell-through increases and sequential improvement toward fiscal year-end.
