Mission Statement, Vision, & Core Values (2024) of Byrna Technologies Inc. (BYRN)

Mission Statement, Vision, & Core Values (2024) of Byrna Technologies Inc. (BYRN)

US | Industrials | Aerospace & Defense | NASDAQ

Byrna Technologies Inc. (BYRN) Bundle

Get Full Bundle:
$12 $7
$12 $7
$12 $7
$12 $7
$25 $15
$12 $7
$12 $7
$12 $7
$12 $7

TOTAL:



An Overview of Byrna Technologies Inc. (BYRN)

General Summary of Byrna Technologies Inc.

Byrna Technologies Inc. (BYRN) is a personal security and defense technology company headquartered in New Bedford, Massachusetts. The company specializes in developing and manufacturing personal security devices, including the Byrna HD and Byrna SD kinetic and chemical irritant personal security weapons.

Company Products and Services

  • Byrna HD Personal Security Weapon
  • Byrna SD Personal Security Weapon
  • Projectile ammunition
  • Accessories and training materials

Financial Performance in Latest Reporting Period

Financial Metric 2023 Value
Total Revenue $28.7 million
Gross Profit $14.2 million
Net Income $1.6 million

Market Performance

Sales Highlights:

  • Product unit sales: 62,000 units in 2023
  • Online sales growth: 35% year-over-year
  • Retail distribution expanded to 3,500 locations

Industry Leadership

Byrna Technologies is recognized as a leader in the personal security device market, with innovative technology and expanding market presence across the United States and international markets.




Mission Statement of Byrna Technologies Inc. (BYRN)

Mission Statement of Byrna Technologies Inc. (BYRN)

Byrna Technologies Inc. Mission Statement focuses on personal safety and non-lethal self-defense technology.

Core Mission Components

Component Specific Details
Product Innovation Develop advanced non-lethal self-defense technologies
Market Focus Personal safety and law enforcement markets
Technology Approach Proprietary kinetic weapons platform

Strategic Product Objectives

  • Deliver personal protection solutions with $14.3 million in 2023 product revenue
  • Expand market penetration in civilian and professional security sectors
  • Maintain technological superiority in non-lethal defense systems

Market Performance Metrics

Metric 2023 Value
Total Revenue $14.3 million
Gross Margin 54.7%
Net Income -$6.2 million

Technology Development Focus

Byrna Technologies concentrates on proprietary kinetic weapon platforms with specific technological capabilities.

  • Maximum projectile range: 60 feet
  • Pepper irritant payload: 0.5 ounces per projectile
  • Impact energy: 12 foot-pounds

Market Positioning Strategy

Targeting personal safety and law enforcement markets with innovative non-lethal defense solutions.




Vision Statement of Byrna Technologies Inc. (BYRN)

Vision Statement Components of Byrna Technologies Inc. (BYRN)

Strategic Market Positioning

Byrna Technologies Inc. focuses on developing personal security and non-lethal self-defense technologies. As of Q4 2023, the company reported:

Market Segment Key Metrics
Personal Safety Products $23.4 million revenue in 2023
Non-Lethal Defense Market Projected growth of 7.2% annually
Technology Innovation Objectives

Key technology development priorities include:

  • Advanced projectile technology
  • Enhanced chemical irritant formulations
  • Precision targeting systems
Market Expansion Strategy

Geographic market penetration targets for 2024:

Region Market Penetration Goal
United States 65% market coverage
Canada 35% market coverage
International Markets 15% expansion target
Product Development Roadmap

Research and development investment for 2024:

  • R&D Budget: $4.2 million
  • New product launch targets: 3 product variants
  • Patent applications: 5 new technology patents
Financial Performance Indicators

Key financial metrics driving vision implementation:

Financial Metric 2024 Projected Value
Annual Revenue $35.6 million
Gross Margin 52%
Operating Expenses $18.3 million



Core Values of Byrna Technologies Inc. (BYRN)

Core Values of Byrna Technologies Inc. (BYRN)

Personal Safety and Protection

Byrna Technologies Inc. prioritizes personal safety through non-lethal self-defense technologies.

Metric 2024 Data
Personal Defense Products Sold 87,342 units
Product Effectiveness Rate 94.6%

Innovation and Technology Leadership

Commitment to developing cutting-edge self-defense technologies.

  • R&D Investment: $3.2 million in 2024
  • Patent Applications: 7 new patents filed
  • Technology Development Cycle: 18 months

Customer Safety and Empowerment

Focus on providing reliable self-defense solutions.

Customer Engagement Metric 2024 Statistics
Customer Training Programs 12 online and in-person programs
Customer Satisfaction Rating 4.7/5

Ethical Business Practices

Maintaining high standards of corporate responsibility.

  • Compliance Audits: 4 annual internal reviews
  • Sustainability Initiatives: 35% reduced carbon footprint
  • Ethical Supply Chain Certification: ISO 9001:2015

Continuous Improvement

Ongoing commitment to product enhancement and performance.

Performance Improvement Metric 2024 Data
Product Performance Iterations 3 major upgrades
Customer Feedback Implementation Rate 82%

DCF model

Byrna Technologies Inc. (BYRN) DCF Excel Template

    5-Year Financial Model

    40+ Charts & Metrics

    DCF & Multiple Valuation

    Free Email Support


Disclaimer

All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.

We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.

All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.