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Byrna Technologies Inc.
BYRNCIK 0001354866NasdaqNon-AcceleratedSmaller ReportingMiscellaneous Electrical Machinery, Equipment & SuppliesDelawareFY ends Nov 30
Period
FY 2025
Revenue
$118.12M
Net Income
$9.69M
Total Assets
—
Equity
—
Shares Out
22.69M
Op. Cash Flow
$-1.57M
Business
Byrna Technologies Inc. is a less-lethal self-defense technology company that develops and markets CO2-powered personal security devices and shoulder-fired launchers for consumers and security professionals. It offers handheld launchers (Byrna SD and LE), tactical rifles, .68 caliber chemical, kinetic and inert projectiles, self-defense aerosol products (Byrna Bad Guy Repellent™), accessories, ballistic backpacks and training services. Its operations are organized around consumer and professional security segments with in-house research and development and manufacturing capabilities. Products sell through Byrna e-commerce, dealer programs, retail outlets, Amazon and international distribution partners, supported by U.S. and South African manufacturing facilities.
Summary from filing dated 2025-02-07
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-11-30 | FY 2024 2024-11-30 | FY 2023 2023-11-30 | FY 2022 2022-11-30 | FY 2021 2021-11-30 |
|---|---|---|---|---|---|---|
| Net revenues | 118 | 86 | 43 | 48 | 42 | |
| Cost of goods sold | −47 | −33 | −19 | −22 | −19 | |
| Gross profit | 71 | 53 | 24 | 26 | 23 | |
| Operating expenses | 60 | 46 | 31 | 34 | 26 | |
| PROFIT FROM OPERATIONS | 12 | 7 | −8 | −8 | −3 | |
| Foreign currency transaction loss | −410,000 | −576,000 | −270,000 | −87,000 | −210,000 | |
| Interest income, net | 410,000 | 1 | 693,000 | 201,000 | −34,000 | |
| Loss from joint venture | 0 | −42,000 | −603,000 | 0 | — | |
| Other (Expense) / Income | −97,000 | 7,000 | −57,000 | — | — | |
| INCOME BEFORE INCOME TAXES | 12 | 7 | −8 | −8 | −3 | |
| Income tax provision (benefit) | 2 | −6 | 165,000 | −234,000 | 160,000 | |
| NET INCOME | 10 | 13 | −8 | −8 | −3 | |
| Foreign exchange translation adjustment | 9,000 | 342,000 | −436,000 | −604,000 | −44,000 | |
| Unrealized gain (loss) on marketable debt securities | −47,000 | 100,000 | 0 | — | — | |
| COMPREHENSIVE INCOME | 10 | 13 | −9 | −8 | −3 | |
| Net profit per share basic (in dollars per share) | 0.43 | 0.57 | −0.37 | −0.35 | −0.22 | |
| Net profit per share diluted (in dollars per share) | 0.4 | 0.55 | −0.37 | — | — | |
| Weighted-average number of common shares outstanding during the year basic (in shares) | 23 | 23 | 22 | 22 | — | |
| Weighted-average number of common shares outstanding during the year diluted (in shares) | 24 | 23 | 22 | — | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-11-30 | FY 2024 2024-11-30 | FY 2023 2023-11-30 | FY 2023 2023-10-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 14 | 17 | 20 | — | — | |
| Accounts receivable, net | 11 | 3 | 3 | — | — | |
| Inventory, Net | 33 | 20 | 14 | — | — | |
| Prepaid expenses and other current assets | 5 | 3 | 868,000 | — | — | |
| Marketable debt securities | 2 | 9 | 0 | — | — | |
| Total current assets | 64 | 51 | 38 | — | — | |
| Deposits for equipment | 2 | 3 | 1 | — | — | |
| Right-of-use-asset, net | 2 | 2 | 2 | — | — | |
| Property and equipment, net | 8 | 3 | 4 | — | — | |
| Intangible assets, net | 3 | 3 | 4 | 4 | — | |
| Goodwill | 2 | 2 | 2 | — | — | |
| Deferred tax assets | 4 | 6 | 0 | — | — | |
| Other assets | 51,000 | 1 | 28,000 | — | — | |
| TOTAL ASSETS | 84 | 72 | 52 | — | — | |
| Accounts payable and accrued liabilities | 16 | 13 | 13 | — | — | |
| Operating lease liabilities, current | 734,000 | 539,000 | 644,000 | — | — | |
| Deferred revenue | 496,000 | 2 | 2 | — | 458,000 | |
| Total current liabilities | 17 | 15 | 9 | — | — | |
| Deferred revenue, non-current | 25,000 | 17,000 | 91,000 | — | 340,000 | |
| Operating lease liabilities, non-current | 2 | 2 | 1 | — | — | |
| Total Liabilities | 19 | 18 | 10 | — | — | |
| COMMITMENTS AND CONTINGENCIES (NOTE 18) | — | — | — | — | — | |
| Preferred stock, $0.001 par value, 5,000,000 shares authorized, no shares issued | 0 | 0 | 0 | — | — | |
| Common stock, $0.001 par value, 50,000,000 shares authorized. 25,258,393 shares issued and 22,678,715 outstanding as of November 30, 2025 and, 25,010,976 shares issued and 22,495,759 outstanding as of November 30, 2024 | 25,000 | 25,000 | 24,000 | — | — | |
| Additional paid-in capital | 136 | 133 | 130 | — | — | |
| Treasury stock (2,579,678 shares purchased as of November 30, 2025 and 2,515,217 shares purchased as of November 30, 2024) | −22 | −21 | −18 | — | — | |
| Accumulated deficit | −47 | −57 | −70 | — | — | |
| Accumulated other comprehensive loss | −687,000 | −649,000 | −1 | — | — | |
| Total Stockholders Equity | 66 | 54 | 42 | — | — | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | 84 | 72 | 52 | — | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-11-30 | FY 2024 2024-11-30 | FY 2023 2023-11-30 | FY 2022 2022-11-30 | FY 2021 2021-11-30 |
|---|---|---|---|---|---|---|
| Stock-based compensation expense | 3 | 3 | 5 | 5 | 3 | |
| Amortization of debt issuance costs | 0 | 4,000 | 28,000 | 28,000 | 23,000 | |
| Operating lease costs | 667,000 | 757,000 | 666,000 | — | — | |
| Depreciation and amortization | 2 | 1 | 1 | 855,000 | 487,000 | |
| Loss on disposal of property and equipment | 2 | 0 | — | — | — | |
| Recovery of allowance for credit losses | −244,000 | −176,000 | 474,000 | 0 | — | |
| Recovery of allowance for inventory | −21,000 | −230,000 | 514,000 | — | — | |
| Deferred taxes | 2 | −6 | 129,000 | — | — | |
| Accounts receivable | −8 | 491,000 | 2 | −4 | −336,000 | |
| Deferred revenue | −1 | −127,000 | −414,000 | −342,000 | −4 | |
| Inventory | −13 | −6 | 542,000 | −9 | −1 | |
| Prepaid expenses and other current assets | −2 | −2 | 87,000 | 228,000 | 154,000 | |
| Loan receivable | 599,000 | 455,000 | 0 | — | — | |
| Other assets | −22,000 | 0 | 250,000 | 27,000 | −209,000 | |
| Accounts payable and accrued liabilities | 3 | 7 | 602,000 | 721,000 | 870,000 | |
| Operating lease liabilities | −548,000 | −669,000 | −689,000 | −244,000 | −111,000 | |
| NET CASH (USED) PROVIDED BY OPERATING ACTIVITIES | −2 | 12 | 4 | −14 | −4 | |
| Purchases of property and equipment | −8 | −2 | −903,000 | −3 | −2 | |
| Proceeds from sale of property and equipment | 67,000 | 0 | — | — | — | |
| Proceeds from sale of marketable debt securities | 9 | 0 | — | — | — | |
| Purchases of marketable debt securities | −2 | −9 | 0 | — | — | |
| NET CASH PROVIDED BY (USED) IN INVESTING ACTIVITIES | −459,000 | −11 | −3 | −5 | −6 | |
| Proceeds from stock option exercises | 296,000 | 149,000 | 34,000 | 456,000 | 104,000 | |
| Repurchases of common stock | −1 | −4 | 0 | −18 | 0 | |
| Payment of taxes withheld on issuance of restricted stock units | −526,000 | −948,000 | −456,000 | −18 | — | |
| NET CASH USED IN FINANCING ACTIVITIES | −1 | −5 | −422,000 | −17 | 57 | |
| NET CHANGE IN CASH AND CASH EQUIVALENTS FOR THE YEAR | −3 | −4 | 430,000 | −36 | 47 | |
| Effects of foreign currency exchange rate changes | 261,000 | 371,000 | −61,000 | −326,000 | — | |
| Income taxes paid | 706,000 | 0 | 48,000 | — | — | |
| Operating lease liabilities arising from obtaining right-of-use assets | 264,000 | 1 | 0 | — | — | |
| Unrealized gain on marketable securities | −47,000 | 65,000 | 0 | — | — | |
| Reclassification of interest receivable from accounts receivable to other assets | 0 | 203,000 | 0 | — | — | |
| Recapitalization of loan receivable in connection with the divesture of the joint venture | 0 | 119,000 | 0 | — | — |
Filings
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