Byrna Technologies Inc., a less-lethal self-defense technology company, develops, manufactures, and sells less-lethal personal security solutions in the United States, South Africa, Europe, South America, Asia, and Canada. The company offers handheld personal security devices and shoulder-fired launchers designed for use by consumers and professional security customers without the need for a background check or firearms license; projectiles, such as chemical irritant, kinetic, and inert rounds; self-defense aerosol products comprising Byrna Bad Guy Repellent; and accessories and related safety products, such as Byrna Banshee, Byrna Shield, compressed carbon dioxide canisters, sighting systems, holsters, and Byrna-branded apparel. It sells its products to the consumer market through its Byrna e-commerce store and Amazon storefront, Side Hustle dealer program, premier dealers, and a network of outdoor and sporting goods stores either directly or through distributors; and to the professional security market through Train the trainer program. 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $118M | $14M | $10M | $-9M | 14.7% | 37.7% | -24.3% |
| 2024 | $86M | $8M | $13M | $9M | 23.5% | 101.1% | -256.2% |
| 2023 | $43M | $-7M | $-8M | $3M | -19.4% | -11.2% | 3.9% |
| 2022 | $48M | $-7M | $-8M | $-17M | -17.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 48.04 | 42.64 | 85.76 | 118.12 |
| Operating Revenue | - | 48.04 | 42.64 | 85.76 | 118.12 |
| Cost Of Revenue | - | 21.76 | 19 | 32.98 | 46.65 |
| Gross Profit | - | 26.28 | 23.65 | 52.77 | 71.47 |
| Operating Expense | - | 34.01 | 31.44 | 46.10 | 59.63 |
| Total Expenses | - | 55.77 | 50.43 | 79.08 | 106.28 |
| Operating Income | - | -7.73 | -7.79 | 6.67 | 11.84 |
| Total Operating Income As Reported | - | -7.73 | -7.79 | 6.67 | 11.84 |
| EBITDA | - | -6.88 | -6.53 | 8.16 | 13.95 |
| Normalized EBITDA | - | -6.79 | -6.26 | 8.74 | 14.36 |
| EBIT | - | -7.73 | -7.79 | 6.67 | 11.84 |
| Interest Income | - | 0.20 | 0.69 | 1.02 | 0.41 |
| Interest Expense | 0.03 | - | - | - | - |
| Net Interest Income | - | 0.20 | 0.69 | 1.02 | 0.41 |
| Other Non Operating Income Expenses | - | -0.03 | -0.06 | 0.01 | -0.10 |
| Other Income Expense | - | -0.12 | -0.93 | -0.61 | -0.51 |
| Interest Income Non Operating | - | 0.20 | 0.69 | 1.02 | 0.41 |
| Interest Expense Non Operating | 0.03 | - | - | - | - |
| Net Non Operating Interest Income Expense | - | 0.20 | 0.69 | 1.02 | 0.41 |
| Pretax Income | - | -7.65 | -8.03 | 7.08 | 11.74 |
| Tax Provision | - | 0.23 | 0.16 | -5.71 | 2.05 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.02 | -0.01 | -0.12 | -0.07 |
| Net Income Continuous Operations | - | -7.88 | -8.19 | 12.79 | 9.69 |
| Net Income From Continuing And Discontinued Operation | - | -7.88 | -8.19 | 12.79 | 9.69 |
| Net Income From Continuing Operation Net Minority Interest | - | -7.88 | -8.19 | 12.79 | 9.69 |
| Net Income | - | -7.88 | -8.19 | 12.79 | 9.69 |
| Net Income Common Stockholders | - | -7.88 | -8.19 | 12.79 | 9.69 |
| Net Income Including Noncontrolling Interests | - | -7.88 | -8.19 | 12.79 | 9.69 |
| Normalized Income | - | -7.82 | -7.93 | 13.25 | 10.03 |
| Diluted NI Availto Com Stockholders | - | -7.88 | -8.19 | 12.79 | 9.69 |
| Basic Average Shares | - | 22.36 | 21.92 | 22.50 | 22.67 |
| Diluted Average Shares | - | 22.36 | 21.92 | 23.14 | 24.15 |
| Reconciled Depreciation | - | 0.86 | 1.26 | 1.49 | 2.12 |
| Reconciled Cost Of Revenue | - | 21.20 | 19 | 32.98 | 46.65 |
| Total Unusual Items | - | -0.09 | -0.27 | -0.58 | -0.41 |
| Total Unusual Items Excluding Goodwill | - | -0.09 | -0.27 | -0.58 | -0.41 |
| Preferred Stock Dividends | 1.04 | - | - | - | - |
| Special Income Charges | 0.19 | 0 | - | - | - |
| Other Special Charges | -0.19 | - | - | - | - |
| Gain On Sale Of Security | - | -0.09 | -0.27 | -0.58 | -0.41 |
| Depreciation Amortization Depletion Income Statement | - | 0.30 | 0.30 | - | - |
| Depreciation And Amortization In Income Statement | - | 0.30 | 0.30 | - | - |
| Total Other Finance Cost | 0.03 | -0.20 | - | - | - |
| Other Operating Expenses | - | 33.71 | 31.44 | 46.10 | 59.63 |
| Earnings From Equity Interest | - | 0 | -0.60 | -0.04 | 0 |
| Amortization | - | 0.30 | 0.30 | - | - |
| Amortization Of Intangibles Income Statement | - | 0.30 | 0.30 | - | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Byrna Technologies Inc.this co. | BYRN | $144M | 14.82β premium | 2.18 | 14.7% | 9.48 |
| HireQuest, Inc. | HQI | $171M | 26.97 | 2.50 | 9.3% | 17.34 |
| RCM Technologies, Inc. | RCMT | $169M | 10.36 | 3.68 | 35.5% | 7.40 |
| NET Power Inc. | NPWR | $164M | - | 0.21 | -283.8% | - |
| Resources Connection, Inc. | RGP | $153M |
| - |
| - |
| - |
| - |
| - |
| -0.80 |
| 0.74 |
| -92.6% |
| 8.82 |
| SKYX Platforms Corp. | SKYX | $151M | -4.53 | -11.45 | 252.9% | -7.28 |
| DMC Global Inc. | BOOM | $138M | - | 0.57 | -7.4% | 4.79 |
| Forrester Research, Inc. | FORR | $137M | -1.15 | 1.09 | -94.3% | -1.53 |
| The Eastern Company | EML | $130M | 18.27 | 1.05 | 5.7% | 10.55 |
| Peer Median | - | 4.78 | 0.89 | -0.8% | 7.40 | |