Byrna Technologies Inc.
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AI-powered analysis of 10-Q filing content
Byrna Technologies shows concerning operational deterioration with 45% cash decline to $7.5M, operating income down 45% to $928K, and earnings per share dropping from $0.07 to $0.04. While revenue grew 11% to $29M, rising expenses and working capital pressures suggest operational challenges despite maintaining profitability.
Red Flags Detected (5)
Cash and equivalents dropped 45.7% from $13.7M to $7.5M in just 3 months
Operating income declined 45.3% from $1.7M to $928K despite revenue growth
Significant increase in allowance for expected credit losses ($360K vs $0)
2 more red flags detected
Key Takeaways
Revenue growth of 10.9% to $29M shows continued market demand
Gross margin remained stable at 59.9% indicating pricing power
2 more takeaways
Filing Overview
What This Means
Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.
Quarterly Report: Interim filing with unaudited financial data for the quarter.