📊 BYRN Key Takeaways
Investment Thesis
Byrna Technologies demonstrates strong revenue growth (+37.7% YoY) and exceptional profitability metrics with 60.5% gross margins and solid ROE of 14.7%, indicating operational efficiency in a niche security/defense sector. However, significant cash flow deterioration (negative FCF of -$9.2M despite profitable operations) and declining net income (-24.3% YoY) despite revenue growth raise concerns about earnings quality and working capital management, warranting a cautious stance until cash generation improves.
BYRN Strengths
- Strong revenue growth of 37.7% YoY demonstrates solid top-line momentum and market demand
- Excellent gross margins of 60.5% and healthy operating margin of 10.0% indicate pricing power and operational efficiency
- Conservative balance sheet with minimal debt (0.00x D/E), strong liquidity (3.73x current ratio), and adequate cash reserves of $13.7M provide financial stability
- Solid return metrics with ROE of 14.7% and ROA of 11.5% showing effective capital deployment
BYRN Risks
- Negative free cash flow of -$9.2M despite net profitability indicates working capital challenges or aggressive capex that may not be generating returns efficiently
- Net income declined 24.3% YoY while revenue grew 37.7%, suggesting deteriorating cost structure or one-time charges that call into question earnings quality
- Operating cash flow is negative at -$1.6M, a red flag for cash generation sustainability despite reported profitability
- Heavy capital expenditure of $7.6M with negative FCF suggests uncertain ROI on growth investments
Key Metrics to Watch
- Operating cash flow trends - critical to confirm if negative OCF reverses and whether business can generate cash from operations
- Net income margin trajectory - monitor if profitability erosion continues or stabilizes relative to revenue growth
- Free cash flow path to positive - assess when and if capex investments translate to revenue synergies and cash generation
- Gross margin sustainability - ensure pricing power and cost structure remain intact as company scales
- Working capital efficiency - analyze days sales outstanding and inventory turnover to identify cash conversion bottlenecks
BYRN Financial Metrics
💡 AI Analyst Insight
Strong liquidity with a 3.73x current ratio provides a solid financial cushion.
BYRN Profitability Ratios
BYRN vs Industrial Sector
How Byrna Technologies Inc. compares to Industrial sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BYRN Balance Sheet & Liquidity
BYRN 5-Year Financial Trend
5-Year Trend Summary: Byrna Technologies Inc.'s revenue has grown significantly by 180% over the 5-year period, indicating strong business expansion. The most recent EPS of $0.55 reflects profitable operations.
BYRN Growth Metrics (YoY)
BYRN Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $20.9M | $1.0M | $0.04 |
| Q2 2025 | $20.3M | $2.1M | $0.09 |
| Q1 2025 | $16.7M | $17.0K | $0.00 |
| Q3 2024 | $7.1M | $1.0M | $0.04 |
| Q2 2024 | $11.5M | -$1.1M | $-0.05 |
| Q1 2024 | $8.4M | $17.0K | $0.00 |
| Q3 2023 | $7.1M | -$1.5M | N/A |
| Q2 2023 | $11.5M | -$1.1M | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BYRN Capital Allocation
BYRN SEC Filings
Access official SEC EDGAR filings for Byrna Technologies Inc. (CIK: 0001354866)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BYRN
What is the AI rating for BYRN?
Byrna Technologies Inc. (BYRN) has an AI rating of HOLD with 62% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BYRN's key strengths?
Strong revenue growth of 37.7% YoY demonstrates solid top-line momentum and market demand. Excellent gross margins of 60.5% and healthy operating margin of 10.0% indicate pricing power and operational efficiency.
What are the risks of investing in BYRN?
Negative free cash flow of -$9.2M despite net profitability indicates working capital challenges or aggressive capex that may not be generating returns efficiently. Net income declined 24.3% YoY while revenue grew 37.7%, suggesting deteriorating cost structure or one-time charges that call into question earnings quality.
What is BYRN's revenue and growth?
Byrna Technologies Inc. reported revenue of $118.1M.
Does BYRN pay dividends?
Byrna Technologies Inc. does not currently pay dividends.
Where can I find BYRN SEC filings?
Official SEC filings for Byrna Technologies Inc. (CIK: 0001354866) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BYRN's EPS?
Byrna Technologies Inc. has a diluted EPS of $0.40.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.