Byrna Technologies Inc. (NASDAQ:BYRN) specializes in less-lethal personal security solutions. Recently, the company reported its fiscal first quarter 2026 results. Despite its innovative offerings, BYRN's earnings per share (EPS) of $0.03 fell short of the estimated $0.05, as highlighted by Seeking Alpha. This marks a decline from the $0.07 EPS reported a year ago.
The company's revenue for the quarter was approximately $29 million, slightly below the expected $29.5 million. However, it still represents growth from the $26.19 million reported in the previous year. Byrna's revenue exceeded the Zacks Consensus Estimate by 0.17%, showcasing its ability to grow despite challenges.
Byrna's net income for the quarter was $801,000, with a gross profit of about $17.4 million. Operating income and EBITDA both stood at $928,000. The cost of revenue was $11.65 million, indicating efficient cost management. Income before tax was $797,000, with a minimal income tax expense of $4,000.
The company is expanding its market presence through strategic partnerships. Byrna has teamed up with Academy Sports + Outdoors, initially launching in 50 stores with plans to expand to 200-250 stores by year-end. Additionally, Byrna has increased its footprint in the Mountain West region by adding 14 Murdoch's Ranch and Home Supply stores.
Leadership changes are also underway, with Conn Davis appointed as the new CEO, succeeding Bryan Ganz. Davis brings extensive experience in scaling consumer brands, which is expected to drive Byrna's growth and market expansion efforts.
