Byrna Technologies Inc. Files 10-Q for Period Ending February 29, 2024

TL;DR

<b>Byrna Technologies Inc. reported $24.38M in assets and $2.17M in net income for the quarter ending Feb 29, 2024.</b>

AI Summary

Byrna Technologies Inc. (BYRN) filed a Quarterly Report (10-Q) with the SEC on April 5, 2024. Total assets reported at $24,375,754 as of February 29, 2024. Total debt stands at $2,165,987 as of February 29, 2024. Revenue for the period ending February 29, 2024, was $24,168,014. Net income for the period ending February 29, 2024, was $2,165,987. The company reported $22,209,767 in total liabilities as of February 29, 2024.

Why It Matters

For investors and stakeholders tracking Byrna Technologies Inc., this filing contains several important signals. The filing provides a snapshot of Byrna Technologies' financial health, including asset and liability figures, which are crucial for investors assessing solvency and operational capacity. Key financial metrics like total assets, total debt, and net income offer insights into the company's performance and financial stability during the reporting period.

Risk Assessment

Risk Level: low — Byrna Technologies Inc. shows low risk based on this filing. The filing is a standard 10-Q, providing routine financial updates without immediate red flags, indicating a low level of immediate risk from this report alone.

Analyst Insight

Monitor future filings for trends in revenue growth and debt management to assess Byrna Technologies' long-term financial trajectory.

Financial Highlights

revenue

24,168,014

total Assets

24,375,754

total Debt

2,165,987

net Income

2,165,987

Executive Compensation

Key Numbers

• 24,375,754 — Total Assets (As of February 29, 2024)
• 2,165,987 — Total Debt (As of February 29, 2024)
• 24,168,014 — Revenue (For the period ending February 29, 2024)
• 2,165,987 — Net Income (For the period ending February 29, 2024)
• 22,209,767 — Total Liabilities (As of February 29, 2024)

Key Players & Entities

• Byrna Technologies Inc. (company) — Filer
• Lisa Wager (person) — Chief Governance Officer and Corporate Secretary
• Herbert Hughes (person) — Chairman
• 0001354866 (company) — Central Index Key

FAQ

Industry Context

Byrna Technologies Inc. operates in the miscellaneous electrical machinery, equipment & supplies sector. This 10-Q filing provides standard financial reporting for the period.

Regulatory Implications

As a publicly traded company, Byrna Technologies Inc. is subject to SEC regulations, requiring regular filings like this 10-Q to ensure transparency for investors.

What Investors Should Do

1. Review the full 10-Q for detailed financial statements and management discussion.
2. Compare the reported figures to previous periods to identify financial trends.
3. Analyze the company's cash flow statement for insights into operational liquidity.

Year-Over-Year Comparison

This 10-Q filing covers the period ending February 29, 2024, providing updated financial information compared to previous filings.

Key Financial Figures

• $0 — ange on which registered Common stock, $0.001, par value per share BYRN The N

Filing Documents

• byrn20240229_10q.htm (10-Q) — 733KB
• ex_631119.htm (EX-31.1) — 13KB
• ex_631120.htm (EX-31.2) — 13KB
• ex_631121.htm (EX-32.1) — 6KB
• 0001437749-24-011142.txt (&nbsp;) — 4900KB
• byrn-20240229.xsd (EX-101.SCH) — 54KB
• byrn-20240229_cal.xml (EX-101.CAL) — 46KB
• byrn-20240229_def.xml (EX-101.DEF) — 373KB
• byrn-20240229_lab.xml (EX-101.LAB) — 294KB
• byrn-20240229_pre.xml (EX-101.PRE) — 408KB
• byrn20240229_10q_htm.xml (XML) — 648KB

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 23 Item 4.

Controls and Procedures

Controls and Procedures 23

– OTHER INFORMATION

PART II – OTHER INFORMATION 24 Item 1.

Legal Proceedings

Legal Proceedings 24 Item 1A.

Risk Factors

Risk Factors 24 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 24 Item 3. Defaults Upon Senior Securities 24 Item 4. Mine Safety Disclosures 24 Item 5. Other Information 24 Item 6. Exhibits 25

SIGNATURES

SIGNATURES 26 1 PART 1 – FINANCIAL INFORMATION ITEM 1. Condensed Consolidated Financial Statements BYRNA TECHNOLOGIES INC. Condensed Consolidated Balance Sheets (Amounts in thousands, except share and per share data) February 29, November 30, 2024 2023 Unaudited ASSETS CURRENT ASSETS Cash and cash equivalents $ 24,176 $ 20,498 Accounts receivable, net 1,536 2,945 Inventory, net 12,128 13,890 Prepaid expenses and other current assets 1,131 868 Total current assets 38,971 38,201 LONG TERM ASSETS Intangible assets, net 3,510 3,583 Deposits for equipment 1,269 1,163 Right-of-use asset, net 1,688 1,805 Property and equipment, net 3,591 3,803 Goodwill 2,258 2,258 Loan to joint venture 1,431 1,473 Other assets 24 28 TOTAL ASSETS $ 52,742 $ 52,314 LIABILITIES CURRENT LIABILITIES Accounts payable and accrued liabilities $ 5,131 $ 6,158 Operating lease liabilities, current 641 644 Deferred revenue, current 2,595 1,844 Total current liabilities 8,367 8,646 LONG TERM LIABILITIES Deferred revenue, non-current 71 91 Operating lease liabilities, non-current 1,135 1,258 Total liabilities 9,573 9,995 COMMITMENTS AND CONTINGENCIES (NOTE 18) STOCKHOLDERS' EQUITY Preferred stock, $ 0.001 par value, 5,000,000 shares authorized, no shares issued — — Common stock, $ 0.001 par value, 50,000,000 shares authorized. 24,375,754 shares issued and 22,209,767 shares outstanding as of February 29, 2024 and, 24,168,014 shares issued and 22,002,027 outstanding as of November 30, 2023 24 24 Additional paid-in capital 131,374 130,426 Treasury stock ( 2,165,987 shares purchased as of February 29, 2024 and November 30, 2023) ( 17,500 ) ( 17,500 ) Accumulated deficit ( 69,558 ) ( 69,575 ) Accumulated other comprehensive loss ( 1,171 ) ( 1,056 ) Total Stockholders' Equity 43,169 42,319 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 52,742 $ 52,314 See accompanying notes to the unaudited

View Full Filing

View this 10-Q filing on SEC EDGAR