Byrna Technologies Inc (NASDAQ:BYRN) stock fell 4.81% (As on April 10, 11:25:54 AM UTC-4, Source: Google Finance) after the company reported first quarter fiscal 2026 results that fell short of analyst expectations, with both earnings and revenue missing consensus estimates. Net income totaled $0.8 million, down from $1.7 million in the prior-year period. Gross profit increased to $17.4 million, or 60% of revenue, compared to $15.9 million, or 61% of revenue, in the first quarter of fiscal 2025. Operating expenses rose 16% to $16.5 million from $14.2 million, reflecting higher advertising and marketing costs to support retail expansion and brand awareness initiatives. Adjusted EBITDA declined to $2.2 million from $3.0 million in the year-ago quarter. Cash and marketable securities totaled $9.6 million as of February 28, 2026, down from $15.5 million at November 30, 2025. Inventory stood at $33.1 million.
Meanwhile, the company expanded its retail presence during the quarter, beginning a partnership with Academy Sports + Outdoors targeting approximately 200 to 250 stores by year-end and adding 14 Murdoch’s Ranch & Home Supply locations. Byrna also introduced the CL-XL launcher and launched a new product selection tool on its website. The fiscal first quarter results reflect real demand for the solutions while also highlighting clear areas where the company need to improve execution. In the near term, the company’s focus is on three priorities. First, driving deeper penetration across the retail and dealer channels, which the company view as the single biggest growth opportunity over the next 12 to 18 months. On the other hand, the company appointed Conn Davis as Chief Executive Officer, succeeding retiring CEO Bryan Ganz. Davis and elevated TJ Kennedy as Chair of the Board.
BYRN in the first quarter of FY 26 has reported the adjusted earnings per share of $0.03, missing the analysts’ estimates for the adjusted earnings per share of $0.09. The company had reported the adjusted revenue growth of 11 percent to $29.05 million in the first quarter of FY 26, missing the analysts’ estimates for revenue of $30.1 million. The Company also ended the quarter with approximately $1.1 million in backlog, slightly above typical first-quarter levels due to timing of shipments at quarter-end.
The company noted that fiscal second quarter performance is developing below expectations. The company declined to provide formal quarterly guidance, citing ongoing operational changes in demand generation, website conversion, retail productivity, and internal forecasting that make near-term results more variable.