Byrna Technologies Inc., a less-lethal defense technology company, develops and manufactures less-lethal munitions. It offers a Byrna line of handheld personal security devices, including the Byrna SD and Byrna SD .68 caliber handheld personal security devices that are designed to be used by civilians and private security professionals, as well as Byrna HD magazines, shoulder-fired launchers, and projectiles. The company also offers accessories and related safety products, including the Byrna Banshee, Byrna Shield, compressed carbon dioxide canisters, sighting systems, holsters, and Byrna-branded apparels. It operates in the United States and South Africa. The company was formerly known as Security Devices International, Inc. and changed its name to Byrna Technologies Inc. in March 2020. Byrna Technologies Inc. was incorporated in 2005 and is headquartered in Andover, Massachusetts.

Byrna Technologies Inc.

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Income Statement	Aug '25	May '25	Feb '25	Nov '24	Aug '24	May '24
Total Revenues	110.9	103.5	95.3	85.8	73.4	59.6
Total Revenues %Chg	51%	73.6%	87.3%	101.1%	70.6%	23.3%
Net Revenue
Cost of Sales	42.9	39.5	36.2	33	29.2	25.2
Cost of Goods Sold
Gross Profit	68	64.1	59.1	52.8	44.3	34.4
Gross Profit
Gross Profit Margin	61.3%	61.9%	62%	61.5%	60.3%	57.7%
Selling, General & Administrative Expenses	—	—	—	—	—	—
Selling, General and Administrative
Depreciation & Amortization Expenses	—	—	—	—	—	—
Depreciation
Amortization of Patent Rights
Other Operating Expenses	56	54.1	50.5	46.1	42.5	37.6
Foreign Currency Transaction Loss
Operating Profit	12	9.9	8.5	6.7	1.7	-3.2
Income from Operations
Operating Margin	10.8%	9.6%	9%	7.8%	2.3%	-5.4%
Interest and Investment Income	-0.5	-0.4	-0.1	1	-0	-0.2
Interest Income
Income from Joint Venture
Interest Income, Net
Interest Expense	—	—	—	—	—	—
Interest Expense
Accretion of Debt Discounts
Non-Operating Income	-0.5	-0.5	-0.6	-0.6	-0.2	-0.2
Foreign Currency Transaction Loss
Forgiveness of Paycheck Protection Program Loan
Gain on Extinguishment of Debt
Warrant Inducement Expense
Change in Fair Value of Derivative Liabilities
Other Income
Total Non-Operating Income	-1	-0.9	-0.7	0.4	-0.2	-0.4
Income Before Provision for Income Taxes	12	10.1	8.9	7.1	2.5	-2.6
Income Before Income Taxes
Provision for Income Taxes	-4	-4.7	-5.6	-5.7	0.3	0.2
Income Tax Expense
Consolidated Net Income	16	14.8	14.4	12.8	2.3	-2.8
Net Income Attributable to Preferred Dividends	—	—	—	—	—	—
Dividends on Preferred Stock
Net Income Attributable to Common Shareholders	16	14.8	14.4	12.8	2.3	-2.8
Net Income Available to Common Shareholders
Basic EPS	0.7	0.7	0.6	0.6	0.1	-0.1
Diluted EPS	0.7	0.6	0.6	0.6	0.1	-0.1
Basic Weighted Average Shares Outstanding	22.6	22.6	22.6	22.5	22.4	22.2
Total Shares Outstanding	22.7	22.7	22.7	22.5	22.5	22.8
Diluted Weighted Average Shares Outstanding	23.7	23.5	23.5	23.1	23	22.6
EBITDA	14	11.8	10.1	8.2	3.2	-1.9
Effective Tax Rate	-33%	-46.2%	-62.8%	-80.6%	10%	-8%