Byrna Technologies Inc. — Form 8-K
Filed July 9, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 72/100
What the filing says
Byrna Technologies reported Q2 2026 revenue of $16.4M vs. $28.5M YoY (−43%), driven by weak e-commerce and slower dealer/retail reorders. The company took $10.4M in non-cash charges: $5.9M inventory write-down (ammunition facility shutdown) and $3.5M equipment impairment. It also announced a binding agreement to acquire HERO Defense Systems and initiated cost-reduction actions (cut launcher assembly from 4 to 2 production lines, exited in-house ammunition manufacturing). Cash declined to $10.4M from $15.5M; adjusted EBITDA turned negative at $(0.6)M vs. $4.3M prior year. Management flagged fiscal 2026 will not be a growth year.
Why this rating
Revenue drop and $10.4M writedown represent ~7% and ~2.6% of $406.5M market cap respectively. Negative EBITDA swing, cash burn, and reset to 'non-growth' guidance are material. HERO acquisition adds portfolio but signals pivot amid distress. Inventory still elevated at $30.4M.
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