Byrna Technologies Inc

Byrna Technologies reported fiscal second-quarter revenue of $16.4 million, down from $28.5 million a year earlier, as weaker e-commerce traffic, lower conversion rates and slower retail reorders weighed on results. CEO Conn Davis described the quarter as a steeper reset than originally expected, driven by a 13% decline in website traffic and elevated inventory at retail partners after post-holiday restocking. The company posted a net loss of $10.1 million, compared with net income of $2.4 million in the prior-year quarter, and negative adjusted EBITDA of $600,000, partly due to one-time charges including a $3.6 million inventory write-down and a $3.5 million impairment loss tied to the closure of its Fort Wayne ammunition facility. Management outlined a turnaround plan focused on improving digital conversion, expanding retail productivity, shifting marketing strategy, and acquiring HERO Defense Systems, while warning that fiscal 2026 will not be a revenue growth year.

Byrna Technologies is scheduled to announce its second-quarter earnings results on Thursday, July 9th, before the market opens. The consensus earnings per share estimate is negative twelve cents, representing a two hundred twenty percent decline year-over-year, while the consensus revenue estimate is twenty-two point two two million dollars, down twenty-two point one percent from the prior year. Over the past year, the company has beaten earnings per share estimates seventy-five percent of the time and revenue estimates one hundred percent of the time. In the last three months, earnings per share estimates have seen zero upward revisions and one downward revision, and revenue estimates have seen zero upward revisions and three downward revisions.

StockStory identifies Lyft as a cash-heavy stock to target this week, while naming Byrna and Moelis as two facing headwinds. Lyft holds a net cash position of $553.5 million, representing 10.6% of its market cap, and has grown active riders by 12.9% annually with earnings per share up 69.1% annually over three years. Byrna, with a net cash position of $7.44 million or 5.1% of market cap, is flagged for cash-burning tendencies and negative returns on capital. Moelis, holding $129.1 million in net cash or 2.5% of market cap, is cited for declining earnings per share and tangible book value per share over five years.