The stock is likely to decline due to falling profitability, reduced cash reserves, and withdrawn guidance despite revenue growth. Focus on whether new CEO Conn Davis can execute on retail expansion and e-commerce conversion improvements.
Price Chart
Executive Summary
Byrna Technologies reported Q1 2026 revenue of $29.0 million, a 11% YoY increase, but net income declined 52% to $0.8 million. New CEO Conn Davis highlighted operational challenges in conversion and retail execution, withdrew Q2 guidance, and announced strategic priorities focused on retail expansion and improved e-commerce conversion.
Key Financial Metrics
Key Facts
- Q1 2026 revenue was $29.0 million, up 11% YoY driven by dealer and retail channel growth
- Net income dropped 52% YoY to $0.8 million; diluted EPS was $0.03
- Gross margin dipped to 60% from 61% in Q1 2025
- Operating expenses rose 16% to $16.5 million due to higher marketing and legal costs
- Adjusted EBITDA fell 27% to $2.2 million
- Cash balance declined to $9.6 million from $15.5 million in November 2025
- New CEO Conn Davis withdrew Q2 guidance, citing 'underperformance' and ongoing operational changes
- Company launched new 'Find the Right Launcher' experience on Byrna.com to improve conversion
Financial Impact
Revenue increased 11% to $29.0M but profitability declined significantly with net income down 52% and cash balance down 38%
Risk Factors
- Continuing decline in e-commerce conversion rates and average order value
- Inability to improve retail channel productivity
- Cash burn could accelerate without improved operating leverage
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-011821 |
| Document: byrn20260408c_8k.htm | 0001437749-26-011821 |
| Document: 0001437749-26-011821-index-headers.html | 0001437749-26-011821 |
| Document: 0001437749-26-011821-index.html | 0001437749-26-011821 |
| Document: 0001437749-26-011821.txt | 0001437749-26-011821 |
| 8-K Data (Synthetic) | 0001437749-26-011821 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 18d ago | 8-K | $4.73 $4.52 | ▲ +4.44% | ▲ +5.04% | $4.78 (−1.06%) |
Sep 18, 2026 5w ago | 3 | $3.68 $3.52 | ▼ −4.35% | ▼ −5.90% | $4.78 (+29.89%) |
Sep 3, 2026 7w ago | 8-K | $3.41 $3.68 | ▲ +7.92% | ▲ +8.30% | $4.78 (+40.18%) |
Aug 15, 2026 10w ago | Institutional Cluster | $3.96 $3.90 | ▲ +1.52% | ▲ +0.84% | $4.78 (−20.71%) |
Aug 10, 2026 11w ago | 8-K | $4.85 $4.68 | ▼ −3.51% | ▼ −3.19% | $4.78 (−1.44%) |
Jul 28, 2026 12w ago | Insider Cluster | $4.33 $4.56 | ▲ +5.31% | ▲ +3.64% | $4.78 (+10.39%) |
Jul 28, 2026 12w ago | Insider Cluster | $4.33 $4.56 | ▲ +5.31% | ▲ +3.64% | $4.78 (+10.39%) |
Jul 28, 2026 12w ago | Insider Cluster | $4.33 $4.56 | ▲ +5.31% | ▲ +3.64% | $4.78 (+10.39%) |
Jul 23, 2026 13w ago | Insider Cluster | $3.54 $4.13 | ▲ +16.67% | ▲ +16.64% | $4.78 (+35.03%) |
Jul 23, 2026 13w ago | Insider Cluster | $3.54 $4.13 | ▲ +16.67% | ▲ +16.64% | $4.78 (+35.03%) |
US Market Status
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