कंपनी का अवलोकन
Byrna Technologies Inc. operates within the aerospace and defense sector of the industrials industry, focusing on the development, manufacturing, and sale of less-lethal personal security solutions across international markets including the United States, Europe, Asia, and Canada. The company specializes in creating handheld personal security devices and shoulder-fired launch systems designed for self-defense applications. With a market capitalization of $143.94 million and annual revenue of $120.98 million, the firm demonstrates a substantial enterprise scale supported by a workforce of 159 employees. These valuation and revenue figures indicate that the company holds a significant position within the niche market for less-lethal technology, commanding a market cap that is more than double its trailing twelve-month revenue, which suggests high market expectations or potential volatility relative to current earnings.
वित्तीय स्वास्थ्य
The company reported revenue of $120.98 million and net income of $8.83 million over the trailing twelve months, while generating an EBITDA of $13.38 million. The substantial gap between revenue and net income reveals a cost structure where operating expenses consume a significant portion of gross profits, resulting in a net income figure that is less than 10% of total revenue. Free cash flow stands at $-14,372,250, indicating that the company is currently burning cash, which limits its financial flexibility and suggests a need for capital deployment or operational efficiency improvements. The gross margin is recorded at 60.3%, reflecting strong pricing power or low cost of goods sold typical in specialized defense manufacturing. However, the operating margin is notably lower at 3.2%, and the profit margin sits at 7.3%, indicating that high operating costs are eroding profitability before reaching the bottom line. On the balance sheet, the company holds $9.21 million in cash against $2.17 million in debt, supported by a debt-to-equity ratio of 3.26, which implies a leveraged capital structure rather than a conservative one. Despite the leverage, the current ratio is an impressive 4.96, signaling robust short-term liquidity and an ability to cover immediate obligations easily. Return on Equity is 14.3% and Return on Assets is 9.2%, metrics that reveal management is effectively utilizing shareholder capital and assets to generate returns despite the current cash burn and leverage.
मूल्यांकन आकलन
The trailing twelve-month P/E ratio is 17.62, while the forward P/E ratio is significantly elevated at 105.75. This massive disparity between the trailing and forward P/E ratios implies that the market is pricing in a substantial increase in future earnings or expects a dramatic turnaround in profitability that has not yet been realized in historical data. The price-to-book ratio stands at 2.16, indicating that the market values the company at more than double its book value, which suggests a premium assigned to the company's intellectual property and growth prospects. Alternative valuation metrics such as the price-to-sales ratio of 1.19 and an EV/EBITDA of 10.23 provide context, suggesting the company trades at a premium relative to its sales but with an enterprise value relative to earnings that is moderate for a growth-oriented industrials firm. Regarding price metrics, the 52-week high is $34.30 and the 52-week low is $6.33. Without a specific current price provided in the facts, the relative position cannot be calculated as a percentage, but the range demonstrates a wide trading band of approximately $27.97. The beta is listed as N/A, which means there is no available data to quantify the stock's price volatility relative to the broader market index.
Growth & Income
Revenue growth year-over-year is 10.9%, whereas earnings growth year-over-year is -57.1%. This divergence indicates that earnings are growing significantly slower than revenue, or rather, they are contracting sharply while top-line sales expand, which implies that cost pressures or one-time charges are disproportionately affecting profitability compared to operational scaling. The company does not pay a dividend, evidenced by a dividend yield of N/A and a payout ratio of 0.0%. Consequently, the firm reinvests its earnings and cash flow back into the business for growth rather than distributing income to shareholders. The overall growth and income profile characterizes Byrna as a reinvesting growth company that is currently sacrificing current income distribution to fuel expansion, as highlighted by the strong revenue growth offsetting the significant decline in earnings.