Byrna Technologies, Inc. — Earnings Quality Grade F
BYRN · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO surged by 22 days (11 → 33)
Small-cap context: DSO swings on a small revenue base are more often quarterly customer-mix effects than red flags.
AR growth 312.2% exceeds revenue growth 37.7%
Revenue grew 37.7% but CFFO declined -113.4%
Small-cap context: Small-cap revenue/CFFO ratio is sensitive to growth-stage working-capital draws.
Expense Quality
Inventory growth 63.7% exceeds COGS 41.4%
CapEx growth 221.8% is >2x revenue growth 37.7%
Insufficient data
Gross margin 60.5%, change -1.0pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF is negative ($-0.0B)
Accruals ratio = 13.3%. Exceeds 10%
Cash $0.0B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 8% of equity. Manageable
Debt/EBITDA = 0.2x. Healthy
Other assets -94.9% vs revenue 37.7%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -4% YoY. Normal
Manipulation Score
Insufficient data
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25