Byrna Technologies Inc 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Byrna Technologies Inc. (Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act: None. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes☐No☒ As of April 9, 2026, the Company had 22,685,654outstanding shares of common stock. TABLE OF CONTENTS PART 1–FINANCIAL INFORMATION Item 1.Condensed Consolidated Financial Statements Condensed Consolidated Balance Sheets as of February 28, 2026(unaudited) and November 30, 2025Condensed Consolidated Statements of Operations and Comprehensive Incomefor the Three Months Ended February 28,2026and 2025(unaudited) 3Condensed Consolidated Statements of Cash Flows for the Three Months Ended February 28, 2026and 2025(unaudited)4 BYRNA TECHNOLOGIES INC. Notes to Condensed Consolidated Financial Statements (Unaudited)For theThree Months EndedFebruary 28, 2026 and 2025 1.NATURE OF OPERATIONS Byrna Technologies Inc. (the “Company,” or “Byrna,”) is a less‑lethal defense technology company specializing in nextgeneration solutions for security situations that do not require the use of lethal force. The Company designs, develops,manufactures, and markets a portfolio of personal security devices, kinetic and chemical irritant projectiles, and relatedaccessories for consumer, law enforcement, private security, and other institutional markets. Byrna personal security devices areless-lethal self-defense devices that are powered by CO2 and fire .61 and .68 caliber spherical kinetic and chemical irritantprojectiles. The Company’s mission is to provide effective, easy‑to‑use, and reliable less‑lethal solutions that enable responsibleself‑defense and de‑escalation. The Company sells its products through multiple channels including its e‑commerce website,Amazon storefronts, Company‑operated retail stores, domestic and international dealers and distributors, and direct sales to lawenforcement agencies.The Company’s products are manufactured at its facilities in Fort Wayne, Indiana. The Company The Company operates and reports its results through two reportable sales channels: Direct‑to‑Consumer(“DTC”) and Wholesale(dealer/distributors). 2.OPERATIONS AND MANAGEMENT PLANS As of February 28, 2026, the Company had an accumulated deficit of approximately$46.3 million. The Company hashistorically funded its operations primarily through the issuance of the Company’s common stock, par value $0.001 per share(“Common Stock”). The Company generated net income of$0.8million for the three months ended February 28, 2026. The 3.BASIS OF PRESENTATION These unaudited condensed consolidated financial statementsfor thethree months ended February 28, 2026 and 2025include theaccounts of the Company and its subsidiaries. These unaudited condensed consolidated financial statements have been preparedin accordance with the instructions to Form 10-Q and therefore do not include all information and footnotes necessary for a fairpresentation of financial position, results of operations and cash flows in conformity with generally accepted accounting The unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financialstatements and notes thereto together with management’s discussion and analysis of financial condition and results of operationscontained in the Company's annual report on Form 10-K for the year ended November 30, 2025. In the opinion of management, Reclassifications Certain amounts in the prior-year financial statements have been reclassified for comparative purposes to conform with thepresentation in the current-year financial statements. These reclassifications had n