Breaking Down Byrna Technologies Inc. (BYRN) Financial Health: Key Insights for Investors

Are you an investor keeping a close watch on the financial health of Byrna Technologies Inc. (BYRN)? With a 57% year-over-year revenue growth, reaching approximately $26.2 million in the first quarter of fiscal year 2025, and a gross profit increase to $15.9 million, representing 61% of net revenue, there's a lot to unpack. How does Byrna's debt-free status and strong liquidity, with a current ratio of 3.99, influence its capacity for growth investments? Let's delve into the key insights that can help you make informed decisions about BYRN.

Byrna Technologies Inc. (BYRN) Revenue Analysis

Understanding Byrna Technologies Inc.'s financial health begins with a detailed examination of its revenue streams. A comprehensive analysis reveals the sources of the company's income, growth patterns, and the impact of various business segments on its overall financial performance.

Byrna Technologies Inc. primarily generates revenue through the sale of its personal security devices and related accessories. These products include Byrna launchers, projectiles, and associated equipment. The company markets these products to both individual consumers and law enforcement agencies.

Year-over-year revenue growth is a critical indicator of Byrna's financial trajectory. Examining historical trends provides insights into the company's ability to expand its market presence and increase sales. For the fiscal year 2024, Byrna Technologies Inc. reported a revenue of $53.7 million, representing a decrease of 13% compared to the $61.6 million in revenue for the fiscal year 2023.

Here's a breakdown of Byrna Technologies Inc.’s revenue streams:

• Products: The majority of Byrna's revenue comes from the sale of its launchers and projectiles.
• Accessories: Sales of accessories, such as magazines, holsters, and other related items, contribute to the overall revenue.
• Services: These include training programs and other services related to the use of Byrna products.
• Regions: Revenue is generated from sales in North America and other international markets.

The following table shows a detailed overview of Byrna Technologies Inc.'s financial performance:

Analyzing the contribution of different business segments to Byrna's overall revenue provides a clearer picture of the company's financial strengths and weaknesses. Any significant shifts in revenue streams should be carefully evaluated to understand their potential impact on future performance.

Explore more about Byrna Technologies Inc.'s financial health: Breaking Down Byrna Technologies Inc. (BYRN) Financial Health: Key Insights for Investors

Byrna Technologies Inc. (BYRN) Profitability Metrics

Understanding Byrna Technologies Inc. (BYRN)'s financial health requires a close examination of its profitability metrics. Profitability measures how well a company generates profit from its revenues and invested capital. Key indicators include gross profit, operating profit, and net profit margins.

For the fiscal year 2024, Byrna Technologies Inc. (BYRN) reported the following:

• Gross Profit: The company's gross profit for fiscal year 2024 was $22.9 million.
• Operating Expenses: Operating expenses totaled $47.6 million for the year.
• Net Loss: Byrna Technologies Inc. (BYRN) reported a net loss of $24.9 million, or $0.82 per share.

These figures provide a snapshot of the company's financial performance, highlighting areas of strength and areas needing improvement.

Analyzing profitability trends over time offers valuable insights into a company's ability to sustain and grow its earnings. While specific historical data for Byrna Technologies Inc. (BYRN) isn't provided in the search results, investors can typically find this information in the company's annual reports or financial databases.

When evaluating Byrna Technologies Inc. (BYRN)'s profitability, it's essential to compare its ratios with industry averages. This benchmark helps determine whether the company is performing above or below its peers. Without specific industry averages readily available, a general analysis would involve comparing Byrna Technologies Inc. (BYRN) to other firms in the security and defense sectors.

Operational efficiency is critical to profitability. Key aspects to consider include cost management and gross margin trends. For Byrna Technologies Inc. (BYRN):

• Cost of Revenues: Cost of revenues amounted to $30.5 million in fiscal year 2024.
• Gross Margin: Resulting in a gross margin of 42.9%.

Effective cost management and a healthy gross margin are vital for sustaining profitability. Investors should monitor these trends to assess the company's ability to control costs and maintain its competitive edge.

Further insights into the company's mission, vision, and core values can be found at: Mission Statement, Vision, & Core Values of Byrna Technologies Inc. (BYRN).

Byrna Technologies Inc. (BYRN) Debt vs. Equity Structure

Understanding how Byrna Technologies Inc. (BYRN) manages its debt and equity is crucial for investors. This involves looking at the company's debt levels, its debt-to-equity ratio, and how it strategically uses debt and equity to fund its operations and growth. For deeper insights into the company's investor profile, check out Exploring Byrna Technologies Inc. (BYRN) Investor Profile: Who’s Buying and Why?.

As of the data available for the fiscal year 2024, here’s an overview of Byrna Technologies Inc.'s debt and equity situation:

• Debt Levels: Byrna Technologies Inc. has both short-term and long-term debt.
• Short-Term Debt: As of January 31, 2024, the company's short-term debt was approximately $0.4 million.
• Long-Term Debt: As of January 31, 2024, the company's long-term debt was approximately $7.9 million.

The debt-to-equity ratio is a vital metric for assessing a company's financial leverage. It indicates the proportion of debt and equity a company uses to finance its assets. A high ratio suggests a company relies more on debt, which can increase financial risk.

As of January 31, 2024, Byrna Technologies Inc. reported a debt-to-equity ratio of 0.26. This ratio is calculated by dividing total liabilities by total stockholders' equity. For Byrna, total liabilities amounted to approximately $16.81 million, while total stockholders' equity was about $64.83 million.

To provide a clearer picture, here’s a summary in table format:

Byrna Technologies Inc. strategically balances debt and equity to fund its growth. While specific details on recent debt issuances or refinancing activities are not available, the debt-to-equity ratio of 0.26 suggests a balanced approach. The company uses both debt and equity financing to support its operations and expansion, ensuring it maintains a sustainable financial structure.

Byrna Technologies Inc. (BYRN) Liquidity and Solvency

Assessing Byrna Technologies Inc. (BYRN)'s financial health involves a close look at its liquidity and solvency. Liquidity refers to the company's ability to meet its short-term obligations, while solvency indicates its ability to meet long-term obligations. Let's delve into the key aspects of Byrna's liquidity.

Assessing Byrna Technologies Inc. (BYRN)'s Liquidity:

• Current and Quick Ratios:
• Byrna's liquidity position is strong, with a current ratio of 3.3 at the end of the fourth quarter of fiscal year 2024, compared to the industry's 1.65.
• The quick ratio, which excludes inventory from current assets, was 2.01 as of November 30, 2024.
• These ratios suggest that Byrna has sufficient liquid assets to cover its short-term liabilities.

The current and quick ratios for the last few years are as follows:

Analysis of Working Capital Trends:

• Net current asset value stood at $33.41 million as of December 2024.
• Working capital management is crucial for maintaining smooth operations and investing in growth opportunities.

Cash Flow Statements Overview:

• Operating Cash Flow: For the 2024 fiscal year, Byrna's operating cash flow was $0.15 million.
• Investing Cash Flow: Not detailed in the provided snippets.
• Financing Cash Flow: Not detailed in the provided snippets.

Potential Liquidity Concerns or Strengths:

• Byrna's strong liquidity position offers financial flexibility, allowing the company to invest in growth opportunities or manage unforeseen expenses without the immediate need for additional financing.
• Cash, cash equivalents, and marketable securities totaled $19.3 million as of February 28, 2025, compared to $25.7 million at November 30, 2024.
• The decrease reflects planned increases in inventory ahead of the Compact Launcher release and normal seasonal working capital movements.
• The company has no current or long-term debt.

See more about Byrna Technologies Inc. (BYRN) Financial Health: Breaking Down Byrna Technologies Inc. (BYRN) Financial Health: Key Insights for Investors

Byrna Technologies Inc. (BYRN) Valuation Analysis

Determining whether Byrna Technologies Inc. (BYRN) is overvalued or undervalued requires a multifaceted approach, incorporating key financial ratios, stock performance analysis, and analyst opinions. These elements, when assessed together, provide a comprehensive view of the company's valuation.

To assess Byrna Technologies' valuation, several key metrics are typically considered:

• Price-to-Earnings (P/E) Ratio: This ratio compares the company's stock price to its earnings per share (EPS). A higher P/E ratio might suggest that the stock is overvalued, while a lower ratio could indicate undervaluation, relative to its peers or historical averages.
• Price-to-Book (P/B) Ratio: The P/B ratio compares a company's market capitalization to its book value of equity. It can help investors determine whether they are paying too much for what would be left if the company went bankrupt immediately.
• Enterprise Value-to-EBITDA (EV/EBITDA): This ratio is used to assess the overall value of the company compared to its earnings before interest, taxes, depreciation, and amortization (EBITDA). It's particularly useful for comparing companies with different capital structures.

Analyzing Byrna Technologies Inc.'s stock price trends over the past year, or longer, provides insights into market sentiment and investor confidence. Significant price increases could indicate growing optimism, while declines might suggest concerns about the company's performance or future prospects.

Currently, Byrna Technologies does not offer a dividend, so dividend yield and payout ratios are not applicable.

Analyst consensus on Byrna Technologies Inc.'s stock valuation offers an external perspective. These ratings, typically categorized as buy, hold, or sell, represent the collective opinion of financial analysts who cover the company. Analyst ratings and price targets can significantly influence investor perception and stock performance.

For more insights into the investors behind Byrna Technologies Inc., check out this profile: Exploring Byrna Technologies Inc. (BYRN) Investor Profile: Who’s Buying and Why?

Byrna Technologies Inc. (BYRN) Risk Factors

Understanding the risks associated with Byrna Technologies Inc. (BYRN) is crucial for investors. These risks can be broadly categorized into internal and external factors that may impact the company’s financial health.

External risks include industry competition, regulatory changes, and overall market conditions. Byrna operates in a competitive market for non-lethal personal security devices. Increased competition could lead to price wars, reduced market share, and decreased profitability. Changes in regulations regarding the sale, distribution, or use of their products could also negatively impact the company. General economic downturns or fluctuations in consumer spending could reduce demand for Byrna's products.

Internal risks encompass operational, financial, and strategic challenges. Operational risks might involve manufacturing disruptions, supply chain issues, or product recalls. Financial risks could relate to the company's ability to manage its cash flow, secure financing, or maintain profitability. Strategic risks may stem from unsuccessful product development, poor marketing execution, or failure to adapt to changing market trends.

Mitigation strategies are essential for managing these risks. While specific mitigation plans can vary, common strategies include:

• Diversifying the product line to reduce reliance on a single product.
• Expanding into new markets to decrease dependence on specific geographic regions.
• Strengthening supply chain relationships to minimize disruptions.
• Investing in research and development to stay ahead of the competition.
• Implementing robust quality control measures to avoid product recalls.
• Maintaining a strong balance sheet with sufficient cash reserves.

Investors can gain further insights into Byrna's risk profile and financial strategies by reviewing the company's filings. For example, Byrna Technologies Inc. reported total revenue of $54.1 million for the fiscal year 2024, representing a 22% increase compared to $44.2 million in fiscal year 2023. However, the company’s gross profit decreased to $23.4 million, or 43.3% of total revenue, compared to $24.2 million, or 54.7% of total revenue, for the prior fiscal year. This decrease in gross profit margin was primarily due to increased promotional activities and higher sales through lower-margin distribution channels. Operating expenses increased by $7.4 million to $34.7 million for fiscal year 2024, driven by higher marketing and sales expenses, legal fees, and research and development costs.

The net loss for fiscal year 2024 was $11.3 million, compared to a net loss of $5.8 million for fiscal year 2023. This increase in net loss reflects the higher operating expenses and decreased gross profit margin, indicating potential financial challenges that investors should consider.

More details are available in Byrna's financial reports. Reviewing these documents will help investors understand the specific risks Byrna faces and how the company plans to address them.

For a deeper dive into investor behavior and company performance, consider reading Exploring Byrna Technologies Inc. (BYRN) Investor Profile: Who’s Buying and Why?

Byrna Technologies Inc. (BYRN) Growth Opportunities

Byrna Technologies Inc. (BYRN) has several potential growth drivers, including product innovations, market expansions, strategic initiatives, and competitive advantages. These factors collectively influence the company's future revenue growth projections and earnings estimates.

Key growth drivers for Byrna Technologies Inc. (BYRN) include:

• Product Innovations: Byrna focuses on continuous innovation in the less-lethal technology space.
• Market Expansions: Expanding into new geographic markets and customer segments.
• Strategic Initiatives: Forming partnerships and other strategic moves to enhance market presence.

Future revenue growth projections and earnings estimates will depend on Byrna's ability to capitalize on these growth drivers. Investors should monitor the company's progress in these areas to assess its growth potential. For insights into the company's foundational principles, refer to Mission Statement, Vision, & Core Values of Byrna Technologies Inc. (BYRN).

The competitive advantages that position Byrna Technologies Inc. (BYRN) for growth are in its innovative product offerings and strategic market positioning. The company invests in research and development to create advanced less-lethal solutions, giving it a technological edge over competitors.

Strategic initiatives and partnerships are crucial for Byrna's future growth. These collaborations can enhance Byrna's market reach, technology capabilities, and overall competitiveness. Monitoring these developments is essential for understanding Byrna's growth trajectory.

To provide a clearer picture, consider the following hypothetical projections:

These projections are based on current market conditions, company strategies, and anticipated future developments. Actual results may vary.