Byrna Technologies Inc. (BYRN), a maker of less-lethal personal defense products, was down over 15% in the pre-market trade on Thursday after the company posted a decline in net profit for the first quarter. This decline was mainly due to increased expenses and foreign exchange losses.
BYRN was down by 15.76% at $7.75 in the pre-market trade on the Nasdaq.
For the three-month period to February 28, the company recorded a net income of $0.801 million, less than $1.662 million in the same period last year. Net profit per share stood at $0.03 as against the prior year's $0.07 per share.
Income from operations declined to $0.928 million from last year's $1.696 million. Interest income plunged to $0.088 million from $0.186 million a year ago. Foreign currency transaction loss was $0.238 million, compared with a loss of $0.088 million in 2025.
Operating expenses moved up to $16.473 million from $14.228 million in the previous year. This increase reflects increased advertising costs, marketing expenses, and legal and other professional expenses. Cost of goods sold was $11.648 million, compared with $10.266 million last year.
Revenue was $29.049 million, up from $26.190 million in the previous year. This was driven mainly by the continued sales expansion across dealer and chain store channels.
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