Byrna Technologies (BYRN) AI Stock Analysis

• Market Cap: $476.33M
• Dividend Yield: N/A
• Average Volume (3M): 648.35K
• Price to Earnings (P/E): 31.3
• Beta (1Y): 1.43
• Revenue Growth: 50.99%
• EPS Growth: 612.36%
• Country: US
• Employees: 167
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): 0.09
• Shares Outstanding: 22,725,515
• 10 Day Avg. Volume: 599,318
• 30 Day Avg. Volume: 648,351
• PEG Ratio: -0.13
• Price to Book (P/B): 8.00
• Price to Sales (P/S): 5.07
• P/FCF Ratio: 46.32
• Enterprise Value/Market Cap: 1.02
• Enterprise Value/Revenue: 4.38
• Enterprise Value/Gross Profit: 7.14
• Enterprise Value/Ebitda: 36.29
• 1Y Price Target: $42.00
• Price Target Upside: 100.38% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 67 Neutral
• Price Target: $24.00 ▲(14.50% Upside)

Byrna Technologies' strong financial performance and optimistic earnings call are the most significant factors contributing to its stock score. However, technical analysis indicates potential short-term weakness, and the high P/E ratio suggests the stock may be overvalued. Cash flow challenges also pose a risk to financial stability.

Positive Factors

Revenue Growth

The significant year-over-year revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion.

Retail Expansion

Expanding retail presence enhances brand visibility and accessibility, potentially driving sustained revenue growth and market penetration.

New Product Innovations

Innovating new products diversifies revenue streams and strengthens competitive positioning, ensuring long-term relevance in the market.

Negative Factors

Decreased Cash Position

A reduced cash position limits financial flexibility and may hinder the ability to invest in growth opportunities or manage unforeseen expenses.

Operating Expenses Increase

Rising operating expenses can pressure profit margins, necessitating careful cost management to maintain financial health and profitability.

Cash Flow Challenges

Negative operating cash flow indicates potential liquidity issues, which could impact the company's ability to sustain operations and growth initiatives.

Byrna Technologies Business Overview & Revenue Model

Company Description

Byrna Technologies Inc. is an innovative company specializing in the development and manufacturing of non-lethal personal security devices. Founded in 2014, Byrna operates primarily in the defense and security sectors, offering products designed to empower individuals with safe and effective means of self-defense. Its core product line includes the Byrna HD, a handheld launcher that can fire projectiles containing pepper spray or kinetic projectiles, along with various accessories and ammunition designed for personal safety and protection.

How the Company Makes Money

Byrna Technologies generates revenue through the sale of its non-lethal personal defense products, primarily the Byrna HD launcher and its associated projectiles and accessories. The company has established a direct-to-consumer sales model through its e-commerce platform, as well as partnerships with retail distributors, which broadens its market reach. In addition to product sales, Byrna may also explore revenue streams through licensing agreements and collaborations with law enforcement and security agencies, providing customized solutions and training programs. The growing emphasis on personal safety and self-defense in various sectors, alongside the increasing demand for non-lethal options in law enforcement, contributes significantly to Byrna's earnings.

Byrna Technologies Financial Statement Overview

Summary

Byrna Technologies demonstrates strong revenue growth and profitability, supported by a stable balance sheet with low leverage. However, cash flow challenges, particularly negative operating cash flow, pose potential liquidity risks. Continued focus on operational efficiency and cash flow management will be crucial for sustaining growth and financial health.

Income Statement

Byrna Technologies shows a strong revenue growth rate of 7.08% TTM, with improving profitability metrics. The gross profit margin is robust at 61.32%, indicating efficient cost management. The net profit margin of 14.43% TTM reflects a healthy bottom line. However, the EBIT margin of 8.22% suggests room for improvement in operational efficiency.

Balance Sheet

The company's balance sheet is stable, with a low debt-to-equity ratio of 0.039 TTM, indicating low leverage and financial risk. The return on equity is strong at 27.29% TTM, showcasing effective use of equity to generate profits. The equity ratio of 80.38% TTM highlights a solid capital structure. However, maintaining this low leverage while improving asset utilization could enhance financial stability.

Cash Flow

Cash flow analysis reveals challenges, with negative operating cash flow of -$4.24 million TTM. Despite this, the free cash flow growth rate is positive at 28.18% TTM, indicating potential for future cash generation. The free cash flow to net income ratio of 2.61 TTM suggests efficient conversion of profits into cash, but the negative operating cash flow coverage ratio highlights liquidity concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	110.85M	85.76M	42.64M	48.04M	42.16M	16.57M
Gross Profit	67.97M	52.77M	23.65M	26.28M	22.89M	7.51M
EBITDA	13.37M	8.16M	-6.53M	-6.88M	-2.80M	-11.03M
Net Income	16.00M	12.79M	-8.19M	-7.88M	-3.28M	-12.55M
Balance Sheet
Total Assets	78.56M	71.92M	52.31M	57.05M	75.31M	21.22M
Cash, Cash Equivalents and Short-Term Investments	9.00M	25.73M	20.50M	20.07M	56.31M	3.17M
Total Debt	2.43M	2.64M	1.90M	2.55M	1.09M	1.28M
Total Liabilities	15.42M	17.55M	9.99M	11.05M	9.22M	12.81M
Stockholders Equity	63.14M	54.37M	42.32M	45.99M	66.10M	8.41M
Cash Flow
Free Cash Flow	-11.04M	9.39M	2.99M	-17.08M	-6.28M	1.11M
Operating Cash Flow	-4.24M	11.74M	3.89M	-13.83M	-4.44M	2.54M
Investing Cash Flow	-9.26M	-11.23M	-2.98M	-5.14M	-5.88M	-2.00M
Financing Cash Flow	-529.00K	-4.55M	-422.00K	-17.04M	57.25M	7.77M

Byrna Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 20.96
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BYRN, the sentiment is Negative. The current price of 20.96 is below the 20-day moving average (MA) of 22.62, below the 50-day MA of 21.20, and below the 200-day MA of 23.90, indicating a bearish trend. The MACD of -0.29 indicates Positive momentum. The RSI at 45.51 is Neutral, neither overbought nor oversold. The STOCH value of 11.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BYRN.

Byrna Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RGR	69 Neutral	$758.97M	151.88	1.88%	1.47%	3.31%	-82.99%
BYRN	67 Neutral	$476.33M	31.27	29.71%	―	50.99%	612.36%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SWBI	56 Neutral	$453.62M	37.74	3.27%	5.08%	-7.25%	-63.58%
POWW	48 Neutral	$179.18M	―	―	―	-11.01%	-279.70%
PEW	44 Neutral	$153.31M	33.59	1.80%	―	―	-17.50%
EVEX	43 Neutral	$1.33B	―	-320.52%	―	―	-30.78%

Byrna Technologies Corporate Events

Byrna Technologies Reports Strong Revenue Growth

Byrna Technologies Inc. is a technology company specializing in non-lethal personal security devices, offering alternatives to traditional firearms for self-defense and personal security. The company operates in the personal safety industry, with a focus on consumer sales through e-commerce, Amazon, and retail locations.

Byrna Technologies Inc. Reports Strong Q3 Earnings

The recent earnings call for Byrna Technologies Inc. painted a picture of robust performance, marked by significant revenue growth and strategic advancements in advertising and retail expansion. Despite facing challenges such as conversion rates and a decreased cash position due to strategic investments, the overall sentiment was positive, underscoring the company’s strong market position and future potential.

Byrna Technologies Expands Board with Strategic Appointments

On September 4, 2025, Byrna Technologies Inc. expanded its Board of Directors from five to seven members, appointing Adam L. Roth and TJ Kennedy to fill the new positions. Roth, a former Nike executive, and Kennedy, a veteran in public safety technology, bring significant expertise in brand building and public safety to Byrna. These appointments are expected to enhance Byrna’s consumer reach and strengthen its position in the security and public safety markets, reflecting the company’s strategic focus on growth and market expansion.

The most recent analyst rating on (BYRN) stock is a Buy with a $39.00 price target. To see the full list of analyst forecasts on Byrna Technologies stock, see the BYRN Stock Forecast page.

Byrna Technologies Reports Strong Sales During Prime Day

Byrna Technologies reported significant sales momentum during Amazon’s Prime Day and the July 4th holiday promotional period, with Amazon Prime Day sales increasing by 28% year-over-year and Byrna.com sales rising by 18%. This growth is part of a broader trend of increasing consumer demand for Byrna’s products, including the newly released Compact Launcher (CL), and reflects the company’s expanding presence in both e-commerce and retail channels. Byrna’s retail footprint has grown substantially, with products now available in 289 chain store locations, a 74% increase from the previous year, and plans to expand to over 500 locations by the end of Q3 2025. The company’s strategy to enhance brand visibility in the personal safety market includes further investments in television advertising and partnerships with celebrity influencers.

The most recent analyst rating on (BYRN) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Byrna Technologies stock, see the BYRN Stock Forecast page.