Byrna Technologies Inc. — Form 8-K
Filed October 8, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 68/100
What the filing says
Byrna Technologies reported Q3 2026 net revenue of $15.3M (down 46% from $28.2M in Q3 2025), driven by e-commerce decline and slower dealer/chain store reorder activity following prior-year restocking. Net loss was $2.9M versus net income of $2.2M in Q3 2025. The company completed the acquisition of HERO Defense Systems, LLC; onboarded 50+ influencers (3.8M combined followers); transitioned ammunition production to outsourced model (improving margins ~1,200 bps); and appointed new executives (Jim White, SVP Retail; Nate Secor, SVP Brand/Marketing) and board members (Rose Lopez Keravuori, Dr. Matthew McBrady). Cash stood at $8.4M; inventory at $30.0M; adjusted EBITDA was negative $1.4M versus positive $4.1M year-ago.
Why this rating
46% revenue collapse and swing to loss materially threaten near-term profitability; inventory at 7% of market cap signals working-capital risk; restructuring and leadership changes ongoing. Strategic initiatives show promise (1,200 bps margin gain, creator/retail focus) but remain early-stage. Relative to $406M market cap, $15.3M quarterly revenue is baseline; deterioration to $2.9M loss vs prior profit is significant but not going-concern level yet.
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