Recent Updates — BYRN

Byrna Technologies Inc. reported fiscal third quarter results ending August 31, 2026, with net revenue declining 46% to $15.3 million from $28.2 million in the prior-year period. The decrease was driven by lower e-commerce sales and slower reorder activity following substantial restocking earlier in the fiscal year. Gross profit fell to $12.2 million, though adjusted gross margin improved to approximately 65% excluding a one-time $2.3 million tariff refund. The company posted a net loss of $(2.9) million compared to net income of $2.2 million previously. Operational highlights include the completed acquisition of HERO Defense Systems and the transition of ammunition production to an outsourced model.

Byrna Technologies Inc. announced the appointment of Matthew McBrady to its Board of Directors, effective August 29, 2026. The board size increased from seven to eight members to fill the vacancy created by this addition. Dr. McBrady currently serves as Chief Financial Officer of GoBrands, Inc., parent company of GoPuff, and previously held senior investment roles at BlackRock, Silver Creek Capital Management, and Bain Capital. He also brings extensive governance experience from his tenure on the board of Axon Enterprise. This appointment is part of a planned board refreshment strategy initiated over a year ago. Byrna Technologies Inc. operates in the personal defense technology industry, specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions.

Byrna Technologies Inc. announced that Emily Rooney resigned from its Board of Directors effective August 10, 2026, and Brigadier General (Ret.) Rose Lopez Keravuori was appointed to fill the vacancy on the same date. The resignation was not due to disagreements regarding operations or policies. Concurrently, the Board dissolved its Product Safety Committee and established an Enterprise Risk Management Committee with broader oversight responsibilities, appointing Ms. Keravuori, Board Chair TJ Kennedy, Adam Roth, and CEO Conn Davis as members. The company also set September 25, 2026, as the date for its 2026 annual meeting of stockholders. Byrna Technologies Inc. is a personal defense technology company specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions.

Byrna Technologies Inc. completed the acquisition of substantially all assets of Hero Defense Systems, LLC on August 6, 2026. The aggregate consideration included $625,000 in cash (with $125,000 held in escrow), 104,000 shares of common stock issued to Hero's two members, assumption of certain liabilities, and a royalty obligation equal to 3.5% of net sales with a guaranteed minimum of $250,000 payable over five years. The company operates in the defense technology industry, specializing in less-lethal self-defense products.