Byrna Technologies Inc

BYRN is in an early Stage 1 consolidation after a terminal decline, with repaired 9/21 EMAs holding as support. The active Post-Capitulation pattern indicates selling pressure exhaustion and supply absorption at the lows, setting the stage for a potential recovery. However, the long-term downtrend remains intact, so the medium-term bias is cautiously bullish. We will look to enter on pullbacks into the 9/21 EMA region once consolidation holds.

• ↑HERO acquisition adds products with ~62% gross margin potential
• ↑Gross margin at 11% now, marketing initiatives target significant lift
• ↓Q2 revenue $16.39M (-42% YoY) vs $22.32M consensus; $0.44 loss/share