Byrna Technologies Announces Preliminary Fiscal First Quarter Revenues of $29.0 Million
Rhea-AI Summary
Byrna Technologies (Nasdaq: BYRN) reported preliminary unaudited fiscal Q1 2026 net sales of approximately $29.0 million, an 11% increase from $26.2 million in Q1 2025, with gross sales of $29.4 million (+12%).
Q1 sales reflected post-holiday seasonal moderation, a Q1 backlog of about $1.1 million, and mixed channel performance including stronger dedicated-dealer and retail growth.
Positive
- Net sales +11% year-over-year to $29.0M
- Gross sales +12% year-over-year to $29.4M
- Byrna dedicated dealers +120% YoY, showing expansion in partner channels
- Retail Stores +135% YoY, indicating growing brick-and-mortar presence
Negative
- International sales -27% year-over-year, a material decline
- Web sales -9% year-over-year, reflecting softer direct-to-consumer demand
- Preliminary unaudited results introduce reporting uncertainty until full April release
News Market Reaction – BYRN
On the day this news was published, BYRN declined 9.92%, reflecting a notable negative market reaction. Argus tracked a trough of -7.2% from its starting point during tracking. Our momentum scanner triggered 17 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $30M from the company's valuation, bringing the market cap to $272M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
BYRN was down 4.08% while peers were mixed: SWBI gained 8.62%, TATT and PKE were modestly positive, EVTL was flat, and SATL was slightly negative. This points to a stock-specific move rather than a sector-wide trend.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 03 | Leadership change | Neutral | -0.2% | Announced CEO transition from founder Bryan Ganz to Conn Davis. |
| Feb 05 | Earnings results | Positive | +7.7% | Reported record FY2025 and Q4 revenue with strong year-over-year growth. |
| Jan 22 | Earnings date set | Neutral | -0.8% | Scheduled Q4 and full-year 2025 earnings release and conference call. |
| Dec 18 | Nasdaq ceremony | Neutral | -1.3% | Announcement of ringing the Nasdaq Opening Bell to highlight milestones. |
| Dec 08 | Prelim revenue | Positive | -3.5% | Preliminary Q4 2025 and full-year 2025 revenues showed strong growth. |
Recent news reactions mostly aligned with the underlying tone, with one notable divergence on positive preliminary revenue data.
Over the past few months, Byrna has highlighted strong growth, including record FY2025 revenue of $118.1M and Q4 2025 revenue of $35.2M, alongside strategic milestones like ringing the Nasdaq Opening Bell on December 22, 2025. Preliminary Q4 2025 revenue of $35.1M, up 26% year-over-year, previously saw a negative price reaction, showing that solid financial updates have not always translated into gains. The current preliminary Q1 2026 revenue update fits into this pattern of continued growth-focused communications.
Market Pulse Summary
The stock moved -9.9% in the session following this news. A negative reaction despite preliminary revenue rising to $29.0M and backlog of about $1.1M would be consistent with past instances where strong preliminary updates did not prevent declines. The market may focus on channel mix shifts, such as weaker web and international sales, or broader technical pressure given the price trading below the 200-day MA, which could temper enthusiasm for continued growth signals.
AI-generated analysis. Not financial advice.
ANDOVER, Mass., March 09, 2026 (GLOBE NEWSWIRE) -- Byrna Technologies Inc. (“Byrna” or the “Company”) (Nasdaq: BYRN), a personal defense technology company specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions, today announced select preliminary financial results for the fiscal first quarter ended February 28, 2026.
Preliminary First Quarter Results
Based on preliminary unaudited results, Byrna expects total revenue for the fiscal first quarter of 2026 to be approximately
First quarter revenue reflects the typical post-holiday seasonal moderation following Byrna’s strong holiday-driven fourth quarter.
During the quarter, Byrna continued to generate sales across its multiple distribution channels, including its direct-to-consumer platform and expanding retail footprint, as the Company continues to broaden its omnichannel distribution strategy.
Management Commentary
Conn Davis, who was appointed Chief Executive Officer on March 3, 2026, stated, “Our first quarter results reflect Byrna’s typical post-holiday seasonal pattern while continuing to demonstrate year-over-year growth. Byrna’s mission is grounded in providing personal safety solutions that help people protect themselves while reducing the likelihood of lethal outcomes. As awareness of effective less-lethal options continues to grow, Byrna remains focused on advancing the category through innovative and highly effective solutions. I am excited to build on the strong foundation established by Bryan Ganz and the team as we continue to expand awareness of both the category and the Byrna brand, supported by continued expansion in retail distribution, a growing product portfolio, continued operational scale, and broader reach for our message.”
Preliminary Fiscal First Quarter 2026 Sales Breakdown:
| Sales Channel ($ in millions) | Q1 2026 | Q1 2025 | % Change | |||
| Web | 17.6 | 19.4 | - | |||
| Byrna Dedicated Dealers | 9.4 | 4.3 | ||||
| Law Enforcement / Schools / Pvt Security | 0.1 | 0.0 | ||||
| Retail Stores | 0.7 | 0.3 | ||||
| International | 1.6 | 2.2 | - | |||
| Gross Sales | 29.4 | 26.2 | 12% | |||
| Co-Op, AVB, and Allowances | (0.4 | ) | - | N/A | ||
| Net Sales | 29.0 | 26.2 | 11% | |||
Conference Call
Byrna plans to report its full financial results for the fiscal first quarter in April, which will be accompanied by a conference call to discuss the results and address questions from investors and analysts. The conference call details will be announced prior to the event.
About Byrna Technologies Inc.
Byrna is a personal defense technology company specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions. For more information on the Company, please visit the corporate website here or the Company’s investor relations site here. The Company is the manufacturer of the Byrna® CL, Byrna® LE and Byrna® SD personal security devices, state-of-the-art handheld CO2 powered launchers designed to provide a less-lethal alternative to a firearm for the consumer, private security, and law enforcement markets. To purchase Byrna products, visit the Company’s e-commerce store.
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the securities laws. All statements contained in this news release, other than statements of current and historical fact, are forward-looking. Often, but not always, forward-looking statements can be identified by the use of words such as “plans,” “expects,” “intends,” “anticipates,” and “believes” and statements that certain actions, events or results “may,” “could,” “would,” “should,” “might,” “occur,” “be achieved,” or “will be taken.” Forward-looking statements include descriptions of currently occurring matters which may continue in the future. Forward-looking statements in this news release include, but are not limited to, our statements related to preliminary revenue results for the first fiscal quarter 2026, the timing of the release of full financial results for the quarter, expectations for future sales growth and demand trends, the impact of marketing strategies, and the Company’s brand visibility efforts. Forward-looking statements are not, and cannot be, a guarantee of future results or events. Forward-looking statements are based on, among other things, opinions, assumptions, estimates, and analyses that, while considered reasonable by the Company at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies, and other factors that may cause actual results and events to be materially different from those expressed or implied.
Any number of risk factors could affect our actual results and cause them to differ materially from those expressed or implied by the forward-looking statements in this news release, including, but not limited to, disappointing market responses to current or future products or services; prolonged, new, or exacerbated disruption of the Company’s supply chain; the further or prolonged disruption of new product development; production or distribution or delays in entry or penetration of sales channels due to inventory constraints, competitive factors, increased shipping costs or freight interruptions; prototype, parts and material shortages, particularly of parts sourced from limited or sole source providers; determinations by third party controlled distribution channels not to carry or reduce inventory of the Company's products; determinations by advertisers to prohibit marketing of some or all Byrna products; the loss of marketing partners or endorsers; potential cancellations of existing or future orders including as a result of any fulfillment delays, introduction of competing products, negative publicity, or other factors; product design defects or recalls; litigation, enforcement proceedings or other regulatory or legal developments; changes in consumer or political sentiment affecting product demand; regulatory factors including the impact of commerce and trade laws and regulations; import-export related matters or tariffs, sanctions or embargoes that could affect the Company's supply chain or markets; delays in planned operations related to licensing, registration or permit requirements; and future restrictions on the Company's cash resources, increased costs and other events that could potentially reduce demand for the Company's products or result in order cancellations. The order in which these factors appear should not be construed to indicate their relative importance or priority. We caution that these factors may not be exhaustive; accordingly, any forward-looking statements contained herein should not be relied upon as a prediction of actual results. Investors should carefully consider these and other relevant factors, including those risk factors in Part I, Item 1A, (“Risk Factors”) in the Company's most recent Form 10-K, should understand it is impossible to predict or identify all such factors or risks, should not consider the foregoing list, or the risks identified in the Company's SEC filings, to be a complete discussion of all potential risks or uncertainties, and should not place undue reliance on forward-looking information. The Company assumes no obligation to update or revise any forward-looking information, except as required by applicable law.
Investor Contact:
Tom Colton and Alec Wilson
Gateway Group, Inc.
949-574-3860
BYRN@gateway-grp.com
FAQ
What were BYRN preliminary net sales for fiscal Q1 2026?
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What does Byrna say about backlog and shipment timing for Q1 2026 (BYRN)?
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