Byrna Technologies Inc. (BYRN) 10-Year Financial Performance & Capital Metrics

BYRN • • Industrial / General

IndustrialsAerospace & DefenseDefense Electronics & Mission SystemsMilitary Communications & Networks

AboutByrna Technologies Inc., a less-lethal defense technology company, develops and manufactures less-lethal munitions. It offers a Byrna line of handheld personal security devices, including the Byrna SD and Byrna SD .68 caliber handheld personal security devices that are designed to be used by civilians and private security professionals, as well as Byrna HD magazines, shoulder-fired launchers, and projectiles. The company also offers accessories and related safety products, including the Byrna Banshee, Byrna Shield, compressed carbon dioxide canisters, sighting systems, holsters, and Byrna-branded apparels. It operates in the United States and South Africa. The company was formerly known as Security Devices International, Inc. and changed its name to Byrna Technologies Inc. in March 2020. Byrna Technologies Inc. was incorporated in 2005 and is headquartered in Andover, Massachusetts.Show more

Revenue $86M +101.1%
EBITDA $8M +225.0%
Net Income $13M +256.2%
EPS (Diluted) 0.55 +248.6%
Gross Margin 61.54% +11.0%
EBITDA Margin 9.52% +162.2%
Operating Margin 7.78% +142.6%
Net Margin 14.92% +177.6%
ROE 26.46% +242.6%
ROIC 15.66% +170.0%
Debt/Equity 0.05 +7.9%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong 5Y sales CAGR of 147.4%
✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

✗Weak momentum: RS Rating 19 (bottom 19%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y114.05%

5Y147.45%

3Y26.7%

TTM50.99%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM598.52%

EPS CAGR

10Y-

5Y-

3Y-

TTM609.44%

ROCE

10Y Avg-536.41%

5Y Avg-23.66%

3Y Avg-5.69%

Latest13.32%

Peer Comparison

Military Communications & Networks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AXONAxon Enterprise, Inc.	50.62B	637.19	132.75	33.44%	10.05%	8.49%	0.65%	0.60
CDRECadre Holdings, Inc.	1.77B	43.58	48.42	17.62%	7.33%	13.33%	1.47%	0.77
SWBISmith & Wesson Brands, Inc.	491.21M	11.04	36.80	-11.42%	2.12%	2.73%		0.31
BYRNByrna Technologies Inc.	397.7M	17.50	31.82	101.1%	14.43%	25.33%	2.36%	0.05
RGRSturm, Ruger & Company, Inc.	610.82M	38.31	21.64	-1.49%	0.48%	0.93%	5.68%	0.01
NPKNational Presto Industries, Inc.	852.37M	119.18	20.48	13.88%	9.23%	11.11%		0.03
PEWGrabAGun Digital Holdings Inc.	95.75M	3.19	11.81			6.92%
GPUSHyperscale Data, Inc.	90.55M	0.28	-0.01	-31.82%	-38.79%	-63.6%		57.56

Profit & Loss

	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024
Sales/Revenue+	151K	154.01K	292.51K	250.23K	924.42K	16.57M	42.16M	48.04M	42.64M	85.76M
Revenue Growth %	2.55%	0.02%	0.9%	-0.14%	2.69%	16.92%	1.54%	0.14%	-0.11%	1.01%
Cost of Goods Sold+	115.94K	95.02K	191.32K	186.07K	775.41K	9.06M	19.27M	21.76M	19M	32.98M
COGS % of Revenue	0.77%	0.62%	0.65%	0.74%	0.84%	0.55%	0.46%	0.45%	0.45%	0.38%
Gross Profit+	35.06K	59K	101.19K	64.16K	149.01K	7.51M	22.89M	26.28M	23.65M	52.77M
Gross Margin %	0.23%	0.38%	0.35%	0.26%	0.16%	0.45%	0.54%	0.55%	0.55%	0.62%
Gross Profit Growth %	1.31%	0.68%	0.72%	-0.37%	1.32%	49.39%	2.05%	0.15%	-0.1%	1.23%
Operating Expenses+	2.35M	1.77M	1.97M	2.15M	3.44M	11.82M	26.18M	34.01M	31.44M	46.1M
OpEx % of Revenue	15.59%	11.49%	6.72%	8.59%	3.72%	0.71%	0.62%	0.71%	0.74%	0.54%
Selling, General & Admin	2.31M	1.72M	1.92M	2.13M	3.4M	0	0	0	0	0
SG&A % of Revenue	15.28%	11.19%	6.56%	8.5%	3.68%	-	-	-	-	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	47.16K	46.52K	45.38K	23.06K	37.39K	11.82M	26.18M	34.01M	31.44M	46.1M
Operating Income+	-2.14M	-1.69M	-1.92M	-2.04M	-3.29M	-4.31M	-3.29M	-7.73M	-7.79M	6.67M
Operating Margin %	-14.17%	-10.99%	-6.56%	-8.15%	-3.56%	-0.26%	-0.08%	-0.16%	-0.18%	0.08%
Operating Income Growth %	0.19%	0.21%	-0.13%	-0.06%	-0.61%	-0.31%	0.24%	-1.35%	-0.01%	1.86%
EBITDA+	-2.09M	-1.65M	-1.87M	-2.02M	-3.23M	-4.07M	-2.8M	-6.88M	-6.53M	8.16M
EBITDA Margin %	-13.86%	-10.68%	-6.41%	-8.06%	-3.5%	-0.25%	-0.07%	-0.14%	-0.15%	0.1%
EBITDA Growth %	0.2%	0.21%	-0.14%	-0.08%	-0.6%	-0.26%	0.31%	-1.45%	0.05%	2.25%
D&A (Non-Cash Add-back)	47.16K	46.52K	45.38K	23.06K	54.18K	242K	487K	855K	1.26M	1.49M
EBIT	-2.14M	-1.69M	-2.16M	-1.85M	-2.87M	-11.27M	-3.29M	-7.73M	-7.79M	6.67M
Net Interest Income+	-231.4K	-232.03K	-641.46K	-303.31K	-1.54M	-988K	-34K	201K	693K	1.02M
Interest Income	0	0	0	0	0	0	0	201K	693K	1.02M
Interest Expense	231.4K	232.03K	641.46K	303.31K	1.54M	988K	34K	0	0	0
Other Income/Expense	-231.4K	-232.03K	-881.27K	-114.77K	-1.12M	-7.95M	-152K	80K	-237K	413K
Pretax Income+	-2.37M	-1.92M	-2.8M	-2.15M	-4.41M	-12.26M	-3.44M	-7.65M	-8.03M	7.08M
Pretax Margin %	-15.7%	-12.49%	-9.57%	-8.61%	-4.77%	-0.74%	-0.08%	-0.16%	-0.19%	0.08%
Income Tax+	231.4K	0	0	-234.64K	0	292.53K	-160K	234K	165K	-5.71M
Effective Tax Rate %	1.08%	1%	1%	1%	1%	1.02%	0.95%	1.03%	1.02%	1.81%
Net Income+	-2.55M	-1.92M	-2.8M	-2.15M	-4.41M	-12.55M	-3.28M	-7.88M	-8.19M	12.79M
Net Margin %	-16.89%	-12.49%	-9.57%	-8.61%	-4.77%	-0.76%	-0.08%	-0.16%	-0.19%	0.15%
Net Income Growth %	0.06%	0.25%	-0.46%	0.23%	-1.05%	-1.85%	0.74%	-1.4%	-0.04%	2.56%
Net Income (Continuing)	-2.37M	-1.92M	-2.8M	-2.15M	-4.41M	-12.55M	-3.28M	-7.88M	-8.19M	12.79M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.51	-0.35	-0.49	-0.23	-0.57	-0.99	-0.22	-0.35	-0.37	0.55
EPS Growth %	0.12%	0.31%	-0.4%	0.53%	-1.48%	-0.74%	0.78%	-0.59%	-0.06%	2.49%
EPS (Basic)	-0.51	-0.35	-0.49	-0.23	-0.57	-0.99	-0.22	-0.35	-0.37	0.57
Diluted Shares Outstanding	5.04M	5.47M	5.77M	9.44M	10.35M	12.68M	19.61M	22.36M	21.92M	23.14M
Basic Shares Outstanding	5.04M	5.47M	5.77M	9.44M	10.35M	12.68M	19.61M	22.36M	21.92M	22.5M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024
Total Current Assets+	2.02M	282.72K	2.17M	2.23M	2.86M	16.61M	66.16M	42.65M	38.2M	50.96M
Cash & Short-Term Investments	1.85M	192.83K	1.97M	1.18M	1.08M	3.17M	56.31M	20.07M	20.5M	25.73M
Cash Only	1.85M	192.83K	1.97M	1.18M	1.08M	3.18M	56.31M	20.07M	20.5M	16.83M
Short-Term Investments	0	0	0	0	0	0	0	0	0	8.9M
Accounts Receivable	66.96K	82.57K	36.41K	18.91K	438.25K	834K	1.66M	5.92M	2.94M	2.63M
Days Sales Outstanding	161.85	195.68	45.44	27.59	173.04	18.38	14.35	44.94	25.21	11.19
Inventory	44.32K	7.32K	157.3K	129.12K	959.75K	4.82M	6.61M	15.46M	13.89M	19.97M
Days Inventory Outstanding	139.52	28.13	300.1	253.29	451.77	194.1	125.26	259.38	266.88	221.01
Other Current Assets	25.66K	-50.04K	0	151.25K	74.52K	6.39M	92K	1.2M	868K	2.62M
Total Non-Current Assets+	133.03K	87.37K	26.95K	425.42K	709.21K	4.61M	9.15M	14.4M	14.11M	20.96M
Property, Plant & Equipment	97.01K	50.5K	26.95K	319.08K	518.21K	3.04M	4.35M	8M	6.77M	5.86M
Fixed Asset Turnover	1.56x	3.05x	10.85x	0.78x	1.78x	5.45x	9.69x	6.00x	6.30x	14.63x
Goodwill	0	0	0	0	0	650.79K	816K	2.26M	2.26M	2.26M
Intangible Assets	0	0	0	106.33K	99K	810.93K	3.67M	3.87M	3.58M	3.34M
Long-Term Investments	0	0	0	0	0	92K	0	0	1.47M	0
Other Non-Current Assets	36.02K	36.87K	0	0	92K	16.49K	318K	272K	28K	3.67M
Total Assets+	2.17M	405.86K	2.19M	2.66M	3.57M	21.22M	75.31M	57.05M	52.31M	71.92M
Asset Turnover	0.07x	0.38x	0.13x	0.09x	0.26x	0.78x	0.56x	0.84x	0.82x	1.19x
Asset Growth %	0.39%	-0.81%	4.4%	0.21%	0.34%	4.95%	2.55%	-0.24%	-0.08%	0.37%
Total Current Liabilities+	173.33K	1.36M	973.56K	2.33M	3.68M	11.8M	8.18M	8.92M	8.65M	15.44M
Accounts Payable	69.96K	85.6K	193.2K	126.37K	600.88K	4.07M	2.79M	3.8M	2.62M	7.71M
Days Payables Outstanding	220.25	328.84	368.58	247.89	282.84	163.96	52.9	63.81	50.28	85.37
Short-Term Debt	0	1.12M	40.36K	978.36K	2.76M	76K	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	10.84K	1000K	720K	458K	1000K	1000K
Other Current Liabilities	0	0	539.86K	957.3K	0	0	0	0	0	0
Current Ratio	11.63x	0.21x	2.22x	0.96x	0.78x	1.41x	8.09x	4.78x	4.42x	3.30x
Quick Ratio	11.37x	0.20x	2.06x	0.90x	0.52x	1.00x	7.28x	3.05x	2.81x	2.01x
Cash Conversion Cycle	81.12	-105.02	-23.04	32.99	341.97	48.52	86.71	240.51	241.8	146.83
Total Non-Current Liabilities+	1.16M	0	892.18K	167.08K	1.87M	1M	1.04M	2.13M	1.35M	2.12M
Long-Term Debt	1.16M	0	892.18K	167.08K	1.87M	115K	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	828K	632K	1.79M	1.26M	2.1M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0
Total Liabilities	1.57M	1.4M	1.87M	2.5M	5.55M	12.81M	9.22M	11.05M	9.99M	17.55M
Total Debt+	1.4M	1.15M	932.53K	1.15M	4.63M	1.28M	1.09M	2.55M	1.9M	2.64M
Net Debt	-452.43K	960.71K	-1.03M	-36.95K	3.55M	-1.9M	-55.21M	-17.52M	-18.6M	-14.19M
Debt / Equity	2.35x	-	2.86x	7.29x	-	0.15x	0.02x	0.06x	0.04x	0.05x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	0.32x
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-1.74x
Interest Coverage	-9.25x	-7.29x	-2.99x	-6.72x	-2.14x	-4.36x	-96.79x	-	-	-
Total Equity+	594.5K	-993.59K	326.62K	157.04K	-1.98M	8.41M	66.1M	45.99M	42.32M	54.37M
Equity Growth %	202.87%	-2.67%	1.33%	-0.52%	-13.63%	5.24%	6.86%	-0.3%	-0.08%	0.28%
Book Value per Share	0.12	-0.18	0.06	0.02	-0.19	0.66	3.37	2.06	1.93	2.35
Total Shareholders' Equity	594.5K	-993.59K	326.62K	157.04K	-1.98M	8.41M	66.1M	45.99M	42.32M	54.37M
Common Stock	54.62K	55.1K	93.01K	101.98K	104.02K	148.52K	23K	23K	24K	25K
Retained Earnings	-26.59M	-28.3M	-31.1M	-33.25M	-37.66M	-50.22M	-53.5M	-61.38M	-69.58M	-56.78M
Treasury Stock	0	0	0	0	-888K	0	0	-17.5M	-17.5M	-21.25M
Accumulated OCI	-46.74K	-57.36K	-32.62K	-34.3K	-38.41K	28.13K	-16K	-620K	-1.06M	-649K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024
Cash from Operations+	-1.74M	-1.66M	-1.47M	-1.6M	-3.78M	2.54M	-4.44M	-13.83M	3.89M	11.74M
Operating CF Margin %	-11.52%	-10.78%	-5.03%	-6.38%	-4.09%	0.15%	-0.11%	-0.29%	0.09%	0.14%
Operating CF Growth %	0.1%	0.05%	0.11%	-0.09%	-1.37%	1.67%	-2.75%	-2.12%	1.28%	2.02%
Net Income	-2.37M	-1.92M	-2.8M	-2.15M	-4.41M	-12.55M	-3.28M	-7.88M	-8.19M	12.79M
Depreciation & Amortization	110.73K	110.25K	287.34K	177.49K	1.18M	997K	510K	883K	1.29M	1.5M
Stock-Based Compensation	639.14K	77.94K	426.61K	1.71M	732.5K	1.68M	3.15M	5.42M	5.38M	3.4M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-164.21K	54.63K	724.52K	-229.3K	250.82K	18.63M	-2.87M	1.17M	3.04M	1.38M
Working Capital Changes	46.41K	21.15K	-109.25K	-1.1M	-1.52M	-6.21M	-1.95M	-13.41M	2.38M	-7.33M
Change in Receivables	-31.33K	6.99K	-3.29K	15.69K	-419.34K	-433K	-336K	-4.25M	2.19M	491K
Change in Inventory	75.93K	37K	-149.98K	28.18K	-875.41K	-4.49M	-1.45M	-9.17M	542K	-5.85M
Change in Payables	0	0	0	0	0	0	0	0	0	0
Cash from Investing+	0	0	-21.84K	-421.52K	-245.97K	-2M	-5.88M	-5.14M	-2.98M	-11.23M
Capital Expenditures	0	0	-21.84K	-311.52K	-245.97K	-1.43M	-1.84M	-3.25M	-903K	-2.35M
CapEx % of Revenue	-	-	0.07%	1.24%	0.27%	0.09%	0.04%	0.07%	0.02%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	-110K	0	-80K	0	0	-2.08M	-8.88M
Cash from Financing+	2.52M	-36.87K	3.24M	1.23M	4.03M	7.77M	57.25M	-17.04M	-422K	-4.55M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	2.52M	-36.87K	3.67M	0	0	7.71M	57.25M	456K	34K	149K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-1.74M	-1.66M	-1.49M	-1.91M	-4.02M	1.11M	-6.28M	-17.08M	2.99M	9.39M
FCF Margin %	-11.52%	-10.78%	-5.1%	-7.62%	-4.35%	0.07%	-0.15%	-0.36%	0.07%	0.11%
FCF Growth %	0.12%	0.05%	0.1%	-0.28%	-1.11%	1.28%	-6.64%	-1.72%	1.18%	2.14%
FCF per Share	-0.35	-0.30	-0.26	-0.20	-0.39	0.09	-0.32	-0.76	0.14	0.41
FCF Conversion (FCF/Net Income)	0.68x	0.86x	0.53x	0.74x	0.86x	-0.20x	1.35x	1.75x	-0.48x	0.92x
Interest Paid	0	0	0	0	0	0	40K	0	0	0
Taxes Paid	0	0	0	0	0	0	337K	106K	48K	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-862.29%	-	-857.33%	-890.49%	-	-390.76%	-8.81%	-14.07%	-18.55%	26.46%
Return on Invested Capital (ROIC)	-708.9%	-2324.5%	-	-1273.25%	-292.27%	-80.02%	-28.38%	-29.46%	-22.39%	15.66%
Gross Margin	23.22%	38.31%	34.59%	25.64%	16.12%	45.32%	54.29%	54.7%	55.45%	61.54%
Net Margin	-1688.98%	-1249.3%	-957.32%	-860.61%	-477.03%	-75.78%	-7.79%	-16.41%	-19.21%	14.92%
Debt / Equity	2.35x	-	2.86x	7.29x	-	0.15x	0.02x	0.06x	0.04x	0.05x
Interest Coverage	-9.25x	-7.29x	-2.99x	-6.72x	-2.14x	-4.36x	-96.79x	-	-	-
FCF Conversion	0.68x	0.86x	0.53x	0.74x	0.86x	-0.20x	1.35x	1.75x	-0.48x	0.92x
Revenue Growth	255.47%	1.99%	89.92%	-14.45%	269.43%	1692.08%	154.49%	13.94%	-11.22%	101.1%

Revenue by Segment

	2015	2016	2017	2019	2020	2021	2022	2023	2024
Byrna HD	-	-	-	850.4K	16.32M	42.11M	-	-	-
Byrna HD Growth	-	-	-	-	1819.38%	158.01%	-	-	-
40mm	-	-	-	-	243.81K	46K	-	-	-
40mm Growth	-	-	-	-	-	-81.13%	-	-	-
Law Enforcement	-	-	-	74.02K	-	-	-	-	-
Law Enforcement Growth	-	-	-	-	-	-	-	-	-
Sales	144.71K	203.66K	-	-	-	-	-	-	-
Sales Growth	-	40.74%	-	-	-	-	-	-	-
Assets	2.17M	89.4K	-	-	-	-	-	-	-
Assets Growth	-	-95.87%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	-	-	-	38.69M	38.86M	40.18M	78.93M
UNITED STATES Growth	-	-	-	-	-	-	0.43%	3.41%	96.44%
CANADA	-	-	-	-	-	-	180K	1.05M	2.47M
CANADA Growth	-	-	-	-	-	-	-	481.67%	135.91%
SOUTH AFRICA	-	-	-	-	-	-	2.57M	402K	198K
SOUTH AFRICA Growth	-	-	-	-	-	-	-	-84.35%	-50.75%
USA	-	-	252.23K	-	15.5M	-	-	-	-
USA Growth	-	-	-	-	-	-	-	-	-
South Africa	-	-	-	-	1.07M	-	-	-	-
South Africa Growth	-	-	-	-	-	-	-	-	-
Canada	-	-	86.27K	-	-	-	-	-	-
Canada Growth	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Byrna Technologies Inc. (BYRN) has a price-to-earnings (P/E) ratio of 31.8x. This suggests investors expect higher future growth.

Growth & Financials

Byrna Technologies Inc. (BYRN) reported $110.9M in revenue for fiscal year 2024.

Byrna Technologies Inc. (BYRN) grew revenue by 101.1% over the past year. This is strong growth.

Yes, Byrna Technologies Inc. (BYRN) is profitable, generating $16.0M in net income for fiscal year 2024 (14.9% net margin).

Dividend & Returns

Byrna Technologies Inc. (BYRN) has a return on equity (ROE) of 26.5%. This is excellent, indicating efficient use of shareholder capital.

Byrna Technologies Inc. (BYRN) had negative free cash flow of $11.0M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Byrna Technologies Inc. (BYRN) 10-Year Financial Performance & Capital Metrics

BYRN • • Industrial / General

IndustrialsAerospace & DefenseDefense Electronics & Mission SystemsMilitary Communications & Networks

Revenue $86M +101.1%
EBITDA $8M +225.0%
Net Income $13M +256.2%
EPS (Diluted) 0.55 +248.6%
Gross Margin 61.54% +11.0%
EBITDA Margin 9.52% +162.2%
Operating Margin 7.78% +142.6%
Net Margin 14.92% +177.6%
ROE 26.46% +242.6%
ROIC 15.66% +170.0%
Debt/Equity 0.05 +7.9%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong 5Y sales CAGR of 147.4%
✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

✗Weak momentum: RS Rating 19 (bottom 19%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y114.05%

5Y147.45%

3Y26.7%

TTM50.99%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM598.52%

EPS CAGR

10Y-

5Y-

3Y-

TTM609.44%

ROCE

10Y Avg-536.41%

5Y Avg-23.66%

3Y Avg-5.69%

Latest13.32%

Peer Comparison

Military Communications & Networks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AXONAxon Enterprise, Inc.	50.62B	637.19	132.75	33.44%	10.05%	8.49%	0.65%	0.60
CDRECadre Holdings, Inc.	1.77B	43.58	48.42	17.62%	7.33%	13.33%	1.47%	0.77
SWBISmith & Wesson Brands, Inc.	491.21M	11.04	36.80	-11.42%	2.12%	2.73%		0.31
BYRNByrna Technologies Inc.	397.7M	17.50	31.82	101.1%	14.43%	25.33%	2.36%	0.05
RGRSturm, Ruger & Company, Inc.	610.82M	38.31	21.64	-1.49%	0.48%	0.93%	5.68%	0.01
NPKNational Presto Industries, Inc.	852.37M	119.18	20.48	13.88%	9.23%	11.11%		0.03
PEWGrabAGun Digital Holdings Inc.	95.75M	3.19	11.81			6.92%
GPUSHyperscale Data, Inc.	90.55M	0.28	-0.01	-31.82%	-38.79%	-63.6%		57.56

Profit & Loss

	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024
Sales/Revenue+	151K	154.01K	292.51K	250.23K	924.42K	16.57M	42.16M	48.04M	42.64M	85.76M
Revenue Growth %	2.55%	0.02%	0.9%	-0.14%	2.69%	16.92%	1.54%	0.14%	-0.11%	1.01%
Cost of Goods Sold+	115.94K	95.02K	191.32K	186.07K	775.41K	9.06M	19.27M	21.76M	19M	32.98M
COGS % of Revenue	0.77%	0.62%	0.65%	0.74%	0.84%	0.55%	0.46%	0.45%	0.45%	0.38%
Gross Profit+	35.06K	59K	101.19K	64.16K	149.01K	7.51M	22.89M	26.28M	23.65M	52.77M
Gross Margin %	0.23%	0.38%	0.35%	0.26%	0.16%	0.45%	0.54%	0.55%	0.55%	0.62%
Gross Profit Growth %	1.31%	0.68%	0.72%	-0.37%	1.32%	49.39%	2.05%	0.15%	-0.1%	1.23%
Operating Expenses+	2.35M	1.77M	1.97M	2.15M	3.44M	11.82M	26.18M	34.01M	31.44M	46.1M
OpEx % of Revenue	15.59%	11.49%	6.72%	8.59%	3.72%	0.71%	0.62%	0.71%	0.74%	0.54%
Selling, General & Admin	2.31M	1.72M	1.92M	2.13M	3.4M	0	0	0	0	0
SG&A % of Revenue	15.28%	11.19%	6.56%	8.5%	3.68%	-	-	-	-	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	47.16K	46.52K	45.38K	23.06K	37.39K	11.82M	26.18M	34.01M	31.44M	46.1M
Operating Income+	-2.14M	-1.69M	-1.92M	-2.04M	-3.29M	-4.31M	-3.29M	-7.73M	-7.79M	6.67M
Operating Margin %	-14.17%	-10.99%	-6.56%	-8.15%	-3.56%	-0.26%	-0.08%	-0.16%	-0.18%	0.08%
Operating Income Growth %	0.19%	0.21%	-0.13%	-0.06%	-0.61%	-0.31%	0.24%	-1.35%	-0.01%	1.86%
EBITDA+	-2.09M	-1.65M	-1.87M	-2.02M	-3.23M	-4.07M	-2.8M	-6.88M	-6.53M	8.16M
EBITDA Margin %	-13.86%	-10.68%	-6.41%	-8.06%	-3.5%	-0.25%	-0.07%	-0.14%	-0.15%	0.1%
EBITDA Growth %	0.2%	0.21%	-0.14%	-0.08%	-0.6%	-0.26%	0.31%	-1.45%	0.05%	2.25%
D&A (Non-Cash Add-back)	47.16K	46.52K	45.38K	23.06K	54.18K	242K	487K	855K	1.26M	1.49M
EBIT	-2.14M	-1.69M	-2.16M	-1.85M	-2.87M	-11.27M	-3.29M	-7.73M	-7.79M	6.67M
Net Interest Income+	-231.4K	-232.03K	-641.46K	-303.31K	-1.54M	-988K	-34K	201K	693K	1.02M
Interest Income	0	0	0	0	0	0	0	201K	693K	1.02M
Interest Expense	231.4K	232.03K	641.46K	303.31K	1.54M	988K	34K	0	0	0
Other Income/Expense	-231.4K	-232.03K	-881.27K	-114.77K	-1.12M	-7.95M	-152K	80K	-237K	413K
Pretax Income+	-2.37M	-1.92M	-2.8M	-2.15M	-4.41M	-12.26M	-3.44M	-7.65M	-8.03M	7.08M
Pretax Margin %	-15.7%	-12.49%	-9.57%	-8.61%	-4.77%	-0.74%	-0.08%	-0.16%	-0.19%	0.08%
Income Tax+	231.4K	0	0	-234.64K	0	292.53K	-160K	234K	165K	-5.71M
Effective Tax Rate %	1.08%	1%	1%	1%	1%	1.02%	0.95%	1.03%	1.02%	1.81%
Net Income+	-2.55M	-1.92M	-2.8M	-2.15M	-4.41M	-12.55M	-3.28M	-7.88M	-8.19M	12.79M
Net Margin %	-16.89%	-12.49%	-9.57%	-8.61%	-4.77%	-0.76%	-0.08%	-0.16%	-0.19%	0.15%
Net Income Growth %	0.06%	0.25%	-0.46%	0.23%	-1.05%	-1.85%	0.74%	-1.4%	-0.04%	2.56%
Net Income (Continuing)	-2.37M	-1.92M	-2.8M	-2.15M	-4.41M	-12.55M	-3.28M	-7.88M	-8.19M	12.79M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.51	-0.35	-0.49	-0.23	-0.57	-0.99	-0.22	-0.35	-0.37	0.55
EPS Growth %	0.12%	0.31%	-0.4%	0.53%	-1.48%	-0.74%	0.78%	-0.59%	-0.06%	2.49%
EPS (Basic)	-0.51	-0.35	-0.49	-0.23	-0.57	-0.99	-0.22	-0.35	-0.37	0.57
Diluted Shares Outstanding	5.04M	5.47M	5.77M	9.44M	10.35M	12.68M	19.61M	22.36M	21.92M	23.14M
Basic Shares Outstanding	5.04M	5.47M	5.77M	9.44M	10.35M	12.68M	19.61M	22.36M	21.92M	22.5M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024
Total Current Assets+	2.02M	282.72K	2.17M	2.23M	2.86M	16.61M	66.16M	42.65M	38.2M	50.96M
Cash & Short-Term Investments	1.85M	192.83K	1.97M	1.18M	1.08M	3.17M	56.31M	20.07M	20.5M	25.73M
Cash Only	1.85M	192.83K	1.97M	1.18M	1.08M	3.18M	56.31M	20.07M	20.5M	16.83M
Short-Term Investments	0	0	0	0	0	0	0	0	0	8.9M
Accounts Receivable	66.96K	82.57K	36.41K	18.91K	438.25K	834K	1.66M	5.92M	2.94M	2.63M
Days Sales Outstanding	161.85	195.68	45.44	27.59	173.04	18.38	14.35	44.94	25.21	11.19
Inventory	44.32K	7.32K	157.3K	129.12K	959.75K	4.82M	6.61M	15.46M	13.89M	19.97M
Days Inventory Outstanding	139.52	28.13	300.1	253.29	451.77	194.1	125.26	259.38	266.88	221.01
Other Current Assets	25.66K	-50.04K	0	151.25K	74.52K	6.39M	92K	1.2M	868K	2.62M
Total Non-Current Assets+	133.03K	87.37K	26.95K	425.42K	709.21K	4.61M	9.15M	14.4M	14.11M	20.96M
Property, Plant & Equipment	97.01K	50.5K	26.95K	319.08K	518.21K	3.04M	4.35M	8M	6.77M	5.86M
Fixed Asset Turnover	1.56x	3.05x	10.85x	0.78x	1.78x	5.45x	9.69x	6.00x	6.30x	14.63x
Goodwill	0	0	0	0	0	650.79K	816K	2.26M	2.26M	2.26M
Intangible Assets	0	0	0	106.33K	99K	810.93K	3.67M	3.87M	3.58M	3.34M
Long-Term Investments	0	0	0	0	0	92K	0	0	1.47M	0
Other Non-Current Assets	36.02K	36.87K	0	0	92K	16.49K	318K	272K	28K	3.67M
Total Assets+	2.17M	405.86K	2.19M	2.66M	3.57M	21.22M	75.31M	57.05M	52.31M	71.92M
Asset Turnover	0.07x	0.38x	0.13x	0.09x	0.26x	0.78x	0.56x	0.84x	0.82x	1.19x
Asset Growth %	0.39%	-0.81%	4.4%	0.21%	0.34%	4.95%	2.55%	-0.24%	-0.08%	0.37%
Total Current Liabilities+	173.33K	1.36M	973.56K	2.33M	3.68M	11.8M	8.18M	8.92M	8.65M	15.44M
Accounts Payable	69.96K	85.6K	193.2K	126.37K	600.88K	4.07M	2.79M	3.8M	2.62M	7.71M
Days Payables Outstanding	220.25	328.84	368.58	247.89	282.84	163.96	52.9	63.81	50.28	85.37
Short-Term Debt	0	1.12M	40.36K	978.36K	2.76M	76K	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	10.84K	1000K	720K	458K	1000K	1000K
Other Current Liabilities	0	0	539.86K	957.3K	0	0	0	0	0	0
Current Ratio	11.63x	0.21x	2.22x	0.96x	0.78x	1.41x	8.09x	4.78x	4.42x	3.30x
Quick Ratio	11.37x	0.20x	2.06x	0.90x	0.52x	1.00x	7.28x	3.05x	2.81x	2.01x
Cash Conversion Cycle	81.12	-105.02	-23.04	32.99	341.97	48.52	86.71	240.51	241.8	146.83
Total Non-Current Liabilities+	1.16M	0	892.18K	167.08K	1.87M	1M	1.04M	2.13M	1.35M	2.12M
Long-Term Debt	1.16M	0	892.18K	167.08K	1.87M	115K	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	828K	632K	1.79M	1.26M	2.1M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0
Total Liabilities	1.57M	1.4M	1.87M	2.5M	5.55M	12.81M	9.22M	11.05M	9.99M	17.55M
Total Debt+	1.4M	1.15M	932.53K	1.15M	4.63M	1.28M	1.09M	2.55M	1.9M	2.64M
Net Debt	-452.43K	960.71K	-1.03M	-36.95K	3.55M	-1.9M	-55.21M	-17.52M	-18.6M	-14.19M
Debt / Equity	2.35x	-	2.86x	7.29x	-	0.15x	0.02x	0.06x	0.04x	0.05x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	0.32x
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-1.74x
Interest Coverage	-9.25x	-7.29x	-2.99x	-6.72x	-2.14x	-4.36x	-96.79x	-	-	-
Total Equity+	594.5K	-993.59K	326.62K	157.04K	-1.98M	8.41M	66.1M	45.99M	42.32M	54.37M
Equity Growth %	202.87%	-2.67%	1.33%	-0.52%	-13.63%	5.24%	6.86%	-0.3%	-0.08%	0.28%
Book Value per Share	0.12	-0.18	0.06	0.02	-0.19	0.66	3.37	2.06	1.93	2.35
Total Shareholders' Equity	594.5K	-993.59K	326.62K	157.04K	-1.98M	8.41M	66.1M	45.99M	42.32M	54.37M
Common Stock	54.62K	55.1K	93.01K	101.98K	104.02K	148.52K	23K	23K	24K	25K
Retained Earnings	-26.59M	-28.3M	-31.1M	-33.25M	-37.66M	-50.22M	-53.5M	-61.38M	-69.58M	-56.78M
Treasury Stock	0	0	0	0	-888K	0	0	-17.5M	-17.5M	-21.25M
Accumulated OCI	-46.74K	-57.36K	-32.62K	-34.3K	-38.41K	28.13K	-16K	-620K	-1.06M	-649K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024
Cash from Operations+	-1.74M	-1.66M	-1.47M	-1.6M	-3.78M	2.54M	-4.44M	-13.83M	3.89M	11.74M
Operating CF Margin %	-11.52%	-10.78%	-5.03%	-6.38%	-4.09%	0.15%	-0.11%	-0.29%	0.09%	0.14%
Operating CF Growth %	0.1%	0.05%	0.11%	-0.09%	-1.37%	1.67%	-2.75%	-2.12%	1.28%	2.02%
Net Income	-2.37M	-1.92M	-2.8M	-2.15M	-4.41M	-12.55M	-3.28M	-7.88M	-8.19M	12.79M
Depreciation & Amortization	110.73K	110.25K	287.34K	177.49K	1.18M	997K	510K	883K	1.29M	1.5M
Stock-Based Compensation	639.14K	77.94K	426.61K	1.71M	732.5K	1.68M	3.15M	5.42M	5.38M	3.4M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-164.21K	54.63K	724.52K	-229.3K	250.82K	18.63M	-2.87M	1.17M	3.04M	1.38M
Working Capital Changes	46.41K	21.15K	-109.25K	-1.1M	-1.52M	-6.21M	-1.95M	-13.41M	2.38M	-7.33M
Change in Receivables	-31.33K	6.99K	-3.29K	15.69K	-419.34K	-433K	-336K	-4.25M	2.19M	491K
Change in Inventory	75.93K	37K	-149.98K	28.18K	-875.41K	-4.49M	-1.45M	-9.17M	542K	-5.85M
Change in Payables	0	0	0	0	0	0	0	0	0	0
Cash from Investing+	0	0	-21.84K	-421.52K	-245.97K	-2M	-5.88M	-5.14M	-2.98M	-11.23M
Capital Expenditures	0	0	-21.84K	-311.52K	-245.97K	-1.43M	-1.84M	-3.25M	-903K	-2.35M
CapEx % of Revenue	-	-	0.07%	1.24%	0.27%	0.09%	0.04%	0.07%	0.02%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	-110K	0	-80K	0	0	-2.08M	-8.88M
Cash from Financing+	2.52M	-36.87K	3.24M	1.23M	4.03M	7.77M	57.25M	-17.04M	-422K	-4.55M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	2.52M	-36.87K	3.67M	0	0	7.71M	57.25M	456K	34K	149K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-1.74M	-1.66M	-1.49M	-1.91M	-4.02M	1.11M	-6.28M	-17.08M	2.99M	9.39M
FCF Margin %	-11.52%	-10.78%	-5.1%	-7.62%	-4.35%	0.07%	-0.15%	-0.36%	0.07%	0.11%
FCF Growth %	0.12%	0.05%	0.1%	-0.28%	-1.11%	1.28%	-6.64%	-1.72%	1.18%	2.14%
FCF per Share	-0.35	-0.30	-0.26	-0.20	-0.39	0.09	-0.32	-0.76	0.14	0.41
FCF Conversion (FCF/Net Income)	0.68x	0.86x	0.53x	0.74x	0.86x	-0.20x	1.35x	1.75x	-0.48x	0.92x
Interest Paid	0	0	0	0	0	0	40K	0	0	0
Taxes Paid	0	0	0	0	0	0	337K	106K	48K	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-862.29%	-	-857.33%	-890.49%	-	-390.76%	-8.81%	-14.07%	-18.55%	26.46%
Return on Invested Capital (ROIC)	-708.9%	-2324.5%	-	-1273.25%	-292.27%	-80.02%	-28.38%	-29.46%	-22.39%	15.66%
Gross Margin	23.22%	38.31%	34.59%	25.64%	16.12%	45.32%	54.29%	54.7%	55.45%	61.54%
Net Margin	-1688.98%	-1249.3%	-957.32%	-860.61%	-477.03%	-75.78%	-7.79%	-16.41%	-19.21%	14.92%
Debt / Equity	2.35x	-	2.86x	7.29x	-	0.15x	0.02x	0.06x	0.04x	0.05x
Interest Coverage	-9.25x	-7.29x	-2.99x	-6.72x	-2.14x	-4.36x	-96.79x	-	-	-
FCF Conversion	0.68x	0.86x	0.53x	0.74x	0.86x	-0.20x	1.35x	1.75x	-0.48x	0.92x
Revenue Growth	255.47%	1.99%	89.92%	-14.45%	269.43%	1692.08%	154.49%	13.94%	-11.22%	101.1%

Revenue by Segment

	2015	2016	2017	2019	2020	2021	2022	2023	2024
Byrna HD	-	-	-	850.4K	16.32M	42.11M	-	-	-
Byrna HD Growth	-	-	-	-	1819.38%	158.01%	-	-	-
40mm	-	-	-	-	243.81K	46K	-	-	-
40mm Growth	-	-	-	-	-	-81.13%	-	-	-
Law Enforcement	-	-	-	74.02K	-	-	-	-	-
Law Enforcement Growth	-	-	-	-	-	-	-	-	-
Sales	144.71K	203.66K	-	-	-	-	-	-	-
Sales Growth	-	40.74%	-	-	-	-	-	-	-
Assets	2.17M	89.4K	-	-	-	-	-	-	-
Assets Growth	-	-95.87%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	-	-	-	38.69M	38.86M	40.18M	78.93M
UNITED STATES Growth	-	-	-	-	-	-	0.43%	3.41%	96.44%
CANADA	-	-	-	-	-	-	180K	1.05M	2.47M
CANADA Growth	-	-	-	-	-	-	-	481.67%	135.91%
SOUTH AFRICA	-	-	-	-	-	-	2.57M	402K	198K
SOUTH AFRICA Growth	-	-	-	-	-	-	-	-84.35%	-50.75%
USA	-	-	252.23K	-	15.5M	-	-	-	-
USA Growth	-	-	-	-	-	-	-	-	-
South Africa	-	-	-	-	1.07M	-	-	-	-
South Africa Growth	-	-	-	-	-	-	-	-	-
Canada	-	-	86.27K	-	-	-	-	-	-
Canada Growth	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Byrna Technologies Inc. (BYRN) has a price-to-earnings (P/E) ratio of 31.8x. This suggests investors expect higher future growth.

Growth & Financials

Byrna Technologies Inc. (BYRN) reported $110.9M in revenue for fiscal year 2024.

Byrna Technologies Inc. (BYRN) grew revenue by 101.1% over the past year. This is strong growth.

Yes, Byrna Technologies Inc. (BYRN) is profitable, generating $16.0M in net income for fiscal year 2024 (14.9% net margin).

Dividend & Returns

Byrna Technologies Inc. (BYRN) has a return on equity (ROE) of 26.5%. This is excellent, indicating efficient use of shareholder capital.

Byrna Technologies Inc. (BYRN) had negative free cash flow of $11.0M in fiscal year 2024, likely due to heavy capital investments.