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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% | - |
| 2023 | $43M | $-7M | $-8M | $3M | -19.4% | -11.2% | - |
| 2022 | $48M | $-7M | $-8M | $-17M | -17.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | -7.73 | -7.79 | 6.67 | 11.84 |
| EBITDA | -6.88 | -6.53 | 8.16 | 13.95 |
| EBIT | -7.73 | -7.79 | 6.67 | 11.84 |
| Pretax Income | -7.65 | -8.03 | 7.08 | 11.74 |
| Tax Provision | 0.23 | 0.17 | -5.71 | 2.05 |
| Net Income | -7.88 | -8.19 | 12.79 | 9.69 |
| Net Income Common Stockholders | -7.88 | -8.19 | 12.79 | 9.69 |
| Total Expenses | 55.77 | 50.43 | 79.08 | 106.28 |
| Interest Expense | 0 | 0 | 0 | 0 |
| Interest Income | 0.20 | 0.69 | 1.02 | 0.41 |
| Normalized EBITDA | -6.79 | -6.26 | 8.74 | 14.36 |
| Normalized Income | -7.82 | -7.93 | 13.25 | 10.03 |
| Basic EPS | -0.35 | -0.37 | 0.57 | 0.43 |
| Diluted EPS | -0.35 | -0.37 | 0.55 | 0.40 |
| Tax Effect Of Unusual Items | -0.02 | -0.01 | -0.12 | -0.07 |
| Tax Rate For Calcs | 0.21 | 0.02 | 0.21 | 0.17 |
| Total Unusual Items | -0.09 | -0.27 | -0.58 | -0.41 |
| Total Unusual Items Excluding Goodwill | -0.09 | -0.27 | -0.58 | -0.41 |
| Net Income From Continuing Operation Net Minority Interest | -7.88 | -8.19 | 12.79 | 9.69 |
| Reconciled Depreciation | 0.85 | 1.26 | 1.49 | 2.12 |
| Reconciled Cost Of Revenue | 21.20 | 19 | 32.98 | 46.65 |
| Net Interest Income | 0.20 | 0.69 | 1.02 | 0.41 |
| Net Income From Continuing And Discontinued Operation | -7.88 | -8.19 | 12.79 | 9.69 |
| Total Operating Income As Reported | -7.73 | -7.79 | 6.67 | 11.84 |
| Diluted Average Shares | 22.36 | 21.92 | 23.14 | 24.15 |
| Basic Average Shares | 22.36 | 21.92 | 22.50 | 22.67 |
| Diluted NI Availto Com Stockholders | -7.88 | -8.19 | 12.79 | 9.69 |
| Preferred Stock Dividends | 0 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | -7.88 | -8.19 | 12.79 | 9.69 |
| Net Income Continuous Operations | -7.88 | -8.19 | 12.79 | 9.69 |
| Other Income Expense | -0.12 | -0.93 | -0.61 | -0.51 |
| Other Non Operating Income Expenses | -0.03 | -0.06 | 0.01 | -0.10 |
| Special Income Charges | 0 | 0 | 0 | 0 |
| Other Special Charges | 0 | 0 | 0 | 0 |
| Earnings From Equity Interest | 0 | -0.60 | -0.04 | 0 |
| Gain On Sale Of Security | -0.09 | -0.27 | -0.58 | -0.41 |
| Net Non Operating Interest Income Expense | 0.20 | 0.69 | 1.02 | 0.41 |
| Total Other Finance Cost | -0.20 | 0 | 0 | 0 |
| Interest Expense Non Operating | 0 | 0 | 0 | 0 |
| Interest Income Non Operating | 0.20 | 0.69 | 1.02 | 0.41 |
| Other Operating Expenses | 33.71 | 31.44 | 46.10 | 59.63 |
| Depreciation Amortization Depletion Income Statement | 0.30 | 0.30 | 0 | 0 |
| Depreciation And Amortization In Income Statement | 0.30 | 0.30 | 0 | 0 |
| Amortization | 0.30 | 0.30 | 0 | 0 |
| Amortization Of Intangibles Income Statement | 0.30 | 0.30 | 0 | 0 |
| Operating Revenue | 48.04 | 42.64 | 85.76 | 118.12 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Byrna Technologies Inc.this co. | BYRN | $128M | 15.72↓ discount | 1.93 | 14.7% | 9.07 |
| Resources Connection, Inc. | RGP | $140M | - | 0.75 | -92.6% | 11.99 |
| Atlantic International Corp. | ATLN | $140M | - | -3.06 | 185.2% | -5.02 |
| Mammoth Energy Services, Inc. | TUSK | $138M | - | 0.54 | 1.8% | -1.24 |
| SKYX Platforms Corp. | SKYX |
| $135M |
| - |
| -9.02 |
| -8118.2% |
| -6.62 |
| The Eastern Company | EML | $134M | 22.70 | 1.08 | 5.7% | 9.14 |
| DMC Global Inc. | BOOM | $129M | - | 0.53 | -4.2% | 9.35 |
| JELD-WEN Holding, Inc. | JELD | $123M | - | 1.33 | -673.6% | 29.19 |
| Forrester Research, Inc. | FORR | $121M | - | 0.95 | -94.3% | 3.10 |
| Peer Median | - | 22.70 | 0.64 | -48.4% | 6.12 | |