A Business at a Glance
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Byrna Technologies Inc.
BYRN
$86M
Mkt Cap
$3.54
+5.04%
Byrna Technologies Inc. (BYRN) has a current P/E ratio of 8.8, compared to its historical median P/E of 34.6. The stock is currently considered Cheap based on its historical valuation range.
Byrna Technologies Inc. (BYRN) has a 5-year average return on invested capital (ROIC) of 0.2%. This is below average and may indicate limited pricing power.
Byrna Technologies Inc. (BYRN) has a market capitalization of $86M. It is classified as a small-cap stock.
Byrna Technologies Inc. (BYRN) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.29%.
Based on historical P/E analysis, Byrna Technologies Inc. (BYRN) appears cheap. The current P/E of 8.8 is 74% below its historical median of 34.6. The estimated fair value CAGR (P/E method) is 23.7%.
Byrna Technologies Inc. (BYRN) operates in the Miscellaneous Electrical Machinery, Equipment & Supplies industry, within the Technology sector.
We are a less‑lethal self‑defense technology company specializing in innovative, next‑generation solutions for security situations that do not require the use of lethal force. Our mantra is Live Safe®, and our core mission is to empower people to safely embrace life. We seek to fulfill our mission by developing easy‑to‑use self‑defense tools that are designed to allow people to live more safely. We are also focused on providing law enforcement and private security customers with less‑lethal alternatives to firearms that are intended to reduce the use of lethal force and facilitate trust within the communities they serve. Since 2023, the Company has modernized its product line, diversified its distribution channels, and implemented technology‑driven marketing tools that significantly expand reach and brand engagement.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 118M | 118M | 86M | 43M | 48M | 42M |
| Net Income | 9.7M | 9.7M | 13M | -8.2M | -7.9M | -4.3M |
| EPS | $0.40 | $0.40 | $0.55 | $-0.37 | $-0.35 | $-0.22 |
| Free Cash Flow | -9.2M | -9.2M | 9.4M | 3.0M | -17M | -6.3M |
| ROIC | 18.0% | 24.0% | 21.3% | -18.6% | -14.1% | -11.6% |
| Gross Margin | 60.5% | 60.5% | 61.5% | 55.5% | 54.7% | 54.3% |
| Debt/Equity | 0.04 | 0.04 | 0.05 | 0.24 | 0.24 | 0.12 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 12M | 12M | 6.7M | -7.8M | -7.7M | -3.3M |
| Operating Margin | 10.0% | 10.0% | 7.8% | -18.3% | -16.1% | -7.8% |
| ROE | 14.7% | 16.1% | 23.5% | -18.6% | -14.1% | -11.6% |
| Shares Outstanding | 24M | 24M | 23M | 22M | 23M | 20M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | 17M | 42M | 48M | 43M | 86M | 118M | 118M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | 45.3% | 54.3% | 54.7% | 55.5% | 61.5% | 60.5% | 60.5% |
| R&D | N/A | N/A | N/A | N/A | 164K | 158K | 40K | 300K | 500K | 600K | 600K | 300K | 300K |
| SG&A | 2.6M | 2.3M | 1.7M | 1.9M | 2.1M | 3.4M | 3.2M | 20M | 19M | 16M | 46M | 60M | 60M |
| EBIT | -2.7M | -2.1M | -1.7M | -1.9M | -2.0M | -3.3M | -4.3M | -3.3M | -7.7M | -7.8M | 6.7M | 12M | 12M |
| Op. Margin | N/A | N/A | N/A | N/A | N/A | N/A | -26.0% | -7.8% | -16.1% | -18.3% | 7.8% | 10.0% | 10.0% |
| Net Income | -2.7M | -2.4M | -1.9M | -2.8M | -2.2M | -4.4M | -13M | -4.3M | -7.9M | -8.2M | 13M | 9.7M | 9.7M |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | -75.8% | -10.3% | -16.4% | -19.2% | 14.9% | 8.2% | 8.2% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 45K | 553K | 0 | -68K | 48K | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | N/M | N/M | N/M | -69.1% | -181.9% | -42.9% | -76.1% | -11.6% | -14.1% | -18.6% | 21.3% | 24.0% | 18.0% |
| ROE | -273.7% | -558.2% | N/A | N/A | -1371.3% | N/A | -390.6% | -11.6% | -14.1% | -18.6% | 23.5% | 16.1% | 14.7% |
| ROA | -150.5% | -128.0% | -150.7% | -215.6% | -88.8% | -141.7% | -101.3% | -9.0% | -11.9% | -15.0% | 17.8% | 12.4% | 11.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -1.9M | -1.7M | -1.7M | -1.5M | -1.6M | -3.8M | 2.5M | -4.4M | -14M | 3.9M | 12M | -1.6M | -1.6M |
| Free Cash Flow | -2.0M | -1.7M | -1.7M | -1.5M | -1.9M | -4.0M | 1.1M | -6.3M | -17M | 3.0M | 9.4M | -9.2M | -9.2M |
| Owner Earnings | -2.7M | -2.2M | -1.9M | -2.0M | -1.7M | -4.0M | 1.0M | -8.1M | -20M | -2.7M | 6.8M | -6.8M | -6.8M |
| CapEx | 38K | 0 | 0 | 22K | 312K | 246K | 1.4M | 1.8M | 3.3M | 903K | 2.3M | 7.6M | 7.6M |
| Maint. CapEx | 46K | 47K | 238K | 284K | 19K | 47K | 242K | 487K | 855K | 1.3M | 1.5M | 2.1M | 2.1M |
| Growth CapEx | 0 | N/A | N/A | 0 | 292K | 199K | 1.2M | 1.4M | 2.4M | 0 | 856K | 5.5M | 5.5M |
| D&A | 46K | 47K | 238K | 284K | 19K | 47K | 242K | 487K | 855K | 1.3M | 1.5M | 2.1M | 2.1M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | 56.2% | N/A | N/A | 23.2% | 20.0% | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18M | 0 | 3.8M | 1.1M | 1.1M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.8% | 0.2% | 1.3% |
| Stock-Based Comp | 752K | 422K | 28K | 214K | 129K | 218K | 1.3M | 3.1M | 5.4M | 5.4M | 3.4M | 3.1M | 3.1M |
| Debt Repayment | 0 | 0 | 37K | 1.8M | 0 | 1.0M | 1.0M | 1.5M | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 314K | -689K | 961K | -925K | 729K | 8.0M | -3.9M | -48M | N/A | N/A | -23M | -13M | -11M |
| Cash & Equiv. | 1.1M | 1.9M | 193K | 2.0M | 1.2M | 1.2M | 9.7M | 56M | 20M | 20M | 17M | 14M | 14M |
| Long-Term Debt | 1.4M | 1.2M | 0 | 892K | 892K | 6.5M | 1.9M | 0 | N/A | N/A | N/A | N/A | 2.3M |
| Debt/Equity | 38.61 | 1.43 | -1.16 | -3.18 | 12.17 | -4.65 | 0.68 | 0.12 | 0.24 | 0.24 | 0.05 | 0.04 | 0.04 |
| Interest Coverage | -41.8 | -40.4 | -47.3 | N/A | -13.7 | -7.9 | -18.5 | -82.3 | N/A | N/A | 6.5 | 28.9 | 28.9 |
| Equity | 36K | 813K | -994K | -327K | 157K | -2.0M | 8.4M | 66M | 46M | 42M | 54M | 66M | 66M |
| Total Assets | 1.6M | 2.1M | 406K | 2.2M | 2.7M | 3.6M | 21M | 75M | 57M | 52M | 72M | 84M | 84M |
| Total Liabilities | 1.5M | 1.3M | 1.4M | 1.9M | 2.5M | 5.5M | 13M | 9.2M | 11M | 10.0M | 18M | 19M | 19M |
| Intangibles | N/A | N/A | N/A | N/A | 106K | 99K | 811K | 3.7M | N/A | N/A | 3.3M | 3.1M | 3.1M |
| Retained Earnings | -24M | -26M | -28M | -31M | -33M | -38M | -50M | -53M | -61M | -70M | -57M | -47M | -47M |
| Working Capital | 1.1M | 1.8M | -1.1M | 1.2M | -101K | -818K | 4.8M | 58M | 34M | 30M | 36M | 47M | 47M |
| Current Assets | 1.3M | 2.0M | 318K | 2.2M | 2.2M | 2.9M | 17M | 66M | 43M | 38M | 51M | 64M | 64M |
| Current Liabilities | 161K | 173K | 1.4M | 974K | 2.3M | 3.7M | 12M | 8.2M | 8.9M | 8.6M | 15M | 17M | 17M |
| Per Share Data | |||||||||||||
| EPS | -0.60 | -0.50 | -0.40 | -0.50 | -0.20 | 0.40 | -9.80 | -0.22 | -0.35 | -0.37 | 0.55 | 0.40 | 0.40 |
| Owner EPS | -0.60 | -0.47 | -0.40 | -0.35 | -0.16 | -0.39 | 0.82 | -0.41 | -0.89 | -0.12 | 0.29 | -0.28 | -0.28 |
| Book Value | 0.01 | 0.17 | -0.21 | -0.06 | 0.01 | -0.19 | 6.56 | 3.36 | 2.04 | 1.91 | 2.34 | 2.72 | 2.72 |
| Cash Flow/Share | -0.43 | -0.37 | -0.35 | -0.26 | -0.15 | -0.36 | 1.98 | -0.23 | -0.61 | 0.18 | 0.50 | -0.06 | 0.49 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 4.5M | 4.7M | 4.8M | 5.6M | 10.8M | 10.4M | 1.3M | 19.7M | 22.5M | 22.1M | 23.3M | 24.2M | 24.2M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | 3.5 | N/A | N/A | N/A | N/A | 34.6 | 45.6 | 8.8 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | 16.4 | N/A | N/A | 43.4 | 47.2 | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 6.3 |
| Price/Book | N/A | 14.6 | N/A | 25.7 | 102.8 | N/A | 21.6 | 5.0 | 4.0 | 3.1 | 8.1 | 6.7 | 1.3 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | 6.7 | 10.1 | 4.0 | 3.1 | 3.2 | 4.8 | 0.7 |
| FCF Yield | -13.6% | -14.7% | -17.3% | -17.8% | -11.8% | -19.2% | 0.6% | -1.9% | -9.3% | 2.3% | 2.1% | -2.1% | -10.7% |
| Market Cap | 15M | 12M | 9.6M | 8.4M | 16M | 21M | 182M | 334M | 184M | 130M | 443M | 442M | 86M |
| Avg. Price | 2.75 | 3.28 | 2.30 | 1.41 | 1.55 | 1.51 | 8.62 | 19.47 | 8.82 | 5.91 | 11.78 | 23.52 | 3.54 |
| Year-End Price | 3.20 | 2.50 | 2.00 | 1.50 | 1.50 | 1.40 | 14.20 | 15.26 | 8.38 | 5.86 | 19.05 | 18.25 | 3.54 |
Byrna Technologies Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Byrna Technologies Inc. trades at 8.8x trailing earnings, compared to its 15-year median P/E of 34.6x, suggesting it is currently Cheap relative to its historical range. The company's 5-year average ROIC is 0.2% with a gross margin of 57.3%. Total shareholder yield (buybacks) is 1.3%. At current prices, the estimated annualized return to fair value is -0.2%.
Byrna Technologies Inc. (BYRN) reported annual revenue of $118 million in its most recent fiscal year, based on SEC EDGAR filings.
Byrna Technologies Inc. (BYRN) has a net profit margin of 8.2%. This is a modest margin.
Byrna Technologies Inc. (BYRN) generated $-9 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Byrna Technologies Inc. (BYRN) has a debt-to-equity ratio of 0.04. This indicates a conservatively financed balance sheet.
Byrna Technologies Inc. (BYRN) reported earnings per share (EPS) of $0.40 in its most recent fiscal year.
Byrna Technologies Inc. (BYRN) has a return on equity (ROE) of 16.1%. This indicates the company generates strong returns for shareholders.
Byrna Technologies Inc. (BYRN) has a 5-year average gross margin of 57.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 14 years of financial data for Byrna Technologies Inc. (BYRN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Byrna Technologies Inc. (BYRN) has a book value per share of $2.72, based on its most recent annual SEC filing.