Estados financieros detallados de Byrna Technologies Inc. (BYRN): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Byrna Technologies Inc. registró ingresos de $118.1M en el último ejercicio fiscal, con un CAGR de 5 años del 48.1%.
Márgenes de los últimos 12 meses: margen bruto 52.5%, margen operativo -4.4%, margen neto -3.4%.
Al precio actual de $3.71, BYRN presenta beneficios negativos (P/E no significativo) y un ROE del -5.85%. La capitalización bursátil es de $84M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $154015 | $292508 | $250227 | $924419 | $16.6M | $42.2M | $48.0M | $42.6M | $85.8M | $118.1M |
| Coste de Ventas | $95017 | $191320 | $186068 | $775412 | $9.1M | $19.3M | $21.8M | $19.0M | $33.0M | $46.6M |
| Beneficio Bruto | $58998 | $101188 | $64159 | $149007 | $7.5M | $22.9M | $26.3M | $23.6M | $52.8M | $71.5M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $1.7M | $1.9M | $2.1M | $3.4M | 0 | 0 | 0 | 0 | 0 | 0 |
| Gastos Operativos | $1.8M | $2.0M | $2.1M | $3.4M | $11.8M | $26.2M | $34.0M | $31.4M | $46.1M | $59.6M |
| Beneficio Operativo | -$1.7M | -$1.9M | -$2.0M | -$3.3M | -$4.3M | -$3.3M | -$7.7M | -$7.8M | $6.7M | $11.8M |
| EBITDA | -$1.6M | -$2.1M | -$1.8M | -$2.8M | -$11.0M | -$2.9M | -$6.8M | -$6.8M | $8.6M | $13.9M |
| Gastos por Intereses | $232032 | $641464 | $303315 | $1.5M | $988000 | $34000 | 0 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | -$1.9M | -$2.8M | -$2.2M | -$4.4M | -$12.3M | -$3.4M | -$7.7M | -$8.0M | $7.1M | $11.7M |
| Impuestos | 0 | 0 | -$234636 | 0 | $292529 | -$160000 | $234000 | $165000 | -$5.7M | $2.1M |
| Beneficio Neto | -$1.9M | -$2.8M | -$2.2M | -$4.4M | -$12.6M | -$3.3M | -$7.9M | -$8.2M | $12.8M | $9.7M |
| BPA | $-0.35 | $-0.49 | $-0.23 | $-0.57 | $-0.99 | $-0.22 | $-0.35 | $-0.37 | $0.57 | $0.43 |
| BPA Diluido | $-0.35 | $-0.49 | $-0.23 | $-0.57 | $-0.99 | $-0.22 | $-0.35 | $-0.37 | $0.55 | $0.40 |
| Acciones en Circulación (Diluidas) | $5.5M | $5.8M | $9.4M | $10.4M | $12.7M | $19.6M | $22.4M | $21.9M | $23.1M | $24.1M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $28.2M | $35.2M | $29.0M | $16.4M |
| Beneficio Bruto | $16.9M | $21.1M | $17.4M | $1.8M |
| Beneficio Operativo | $2.9M | $4.0M | $1.3M | -$12.8M |
| EBITDA | $3.5M | $4.2M | $1.4M | -$12.7M |
| Beneficio Neto | $2.2M | $3.4M | $801000 | -$10.1M |
| BPA | $0.10 | $0.15 | $0.04 | $-0.44 |
| BPA Diluido | $0.09 | $0.14 | $0.03 | $-0.44 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $192826 | $2.0M | $1.2M | $1.1M | $3.2M | $56.3M | $20.1M | $20.5M | $16.8M | $13.7M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $8.9M | $1.8M |
| Cuentas por Cobrar | $82571 | $36412 | $18914 | $438255 | $834000 | $1.7M | $5.9M | $2.9M | $2.6M | $10.8M |
| Inventario | $7323 | $157303 | $129121 | $959748 | $4.8M | $6.6M | $15.5M | $13.9M | $20.0M | $32.7M |
| Activos Corrientes | $282720 | $2.2M | $2.2M | $2.9M | $16.6M | $66.2M | $42.6M | $38.2M | $51.0M | $63.7M |
| Inmovilizado Material | $50496 | $26951 | $319082 | $518209 | $3.0M | $4.4M | $8.0M | $6.8M | $5.9M | $9.8M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | $650787 | $816000 | $2.3M | $2.3M | $2.3M | $2.3M |
| Activos Intangibles | 0 | 0 | $106334 | $99000 | $810928 | $3.7M | $3.9M | $3.6M | $3.3M | $3.1M |
| Activos Totales | $405859 | $2.2M | $2.7M | $3.6M | $21.2M | $75.3M | $57.0M | $52.3M | $71.9M | $84.5M |
| Cuentas por Pagar | $85603 | $193198 | $126366 | $600878 | $4.1M | $2.8M | $3.8M | $2.6M | $7.7M | $15.9M |
| Deuda a Corto | $1.1M | $40357 | $978361 | $2.8M | $76000 | 0 | 0 | 0 | 0 | $734000 |
| Pasivos Corrientes | $1.4M | $973558 | $2.3M | $3.7M | $11.8M | $8.2M | $8.9M | $8.6M | $15.4M | $17.1M |
| Deuda a Largo | 0 | $892176 | $167077 | $1.9M | $115000 | 0 | 0 | 0 | 0 | $1.6M |
| Pasivos Totales | $1.4M | $1.9M | $2.5M | $5.6M | $12.8M | $9.2M | $11.1M | $10.0M | $17.6M | $18.7M |
| Reservas | -$28.3M | -$31.1M | -$33.3M | -$37.7M | -$50.2M | -$53.5M | -$61.4M | -$69.6M | -$56.8M | -$47.1M |
| Patrimonio Neto | -$993592 | $326623 | $157037 | -$2.0M | $8.4M | $66.1M | $46.0M | $42.3M | $54.4M | $65.8M |
| Deuda Total | $1.2M | $932533 | $1.1M | $4.6M | $1.3M | $1.1M | $2.5M | $1.9M | $2.6M | $4.0M |
| Deuda Neta | $960714 | -$1.0M | -$36949 | $3.6M | -$1.9M | -$55.2M | -$17.5M | -$18.6M | -$23.1M | -$11.5M |
| Capital Circulante | -$1.1M | $1.2M | -$101302 | -$818232 | $4.8M | $58.0M | $33.7M | $29.6M | $35.5M | $46.6M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $6.5M | $13.7M | $7.5M | $9.4M |
| Activos Totales | $78.6M | $84.5M | $79.9M | $68.4M |
| Pasivos Totales | $15.4M | $18.7M | $13.4M | $11.4M |
| Patrimonio Neto | $63.1M | $65.8M | $66.5M | $57.0M |
| Deuda Total | $2.4M | $4.0M | $2.2M | $2.0M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$1.9M | -$2.8M | -$2.2M | -$4.4M | -$12.6M | -$3.3M | -$7.9M | -$8.2M | $12.8M | $9.7M |
| Amortizaciones | $110255 | $287338 | $177486 | $1.2M | $997000 | $510000 | $883000 | $1.3M | $1.5M | $2.1M |
| Compensación en Acciones | $77936 | $426612 | $1.7M | $732497 | $1.7M | $3.1M | $5.4M | $5.4M | $3.4M | $3.1M |
| Cambio en Capital Circulante | $21147 | -$109251 | -$1.1M | -$1.5M | -$6.2M | -$1.9M | -$13.4M | $2.4M | -$7.3M | -$20.8M |
| Flujo de Caja Operativo | -$1.7M | -$1.5M | -$1.6M | -$3.8M | $2.5M | -$4.4M | -$13.8M | $3.9M | $11.7M | -$1.6M |
| Inversiones (CapEx) | 0 | -$21844 | -$311523 | -$245971 | -$1.4M | -$1.8M | -$3.3M | -$903000 | -$2.3M | -$7.6M |
| Adquisiciones | 0 | 0 | 0 | 0 | -$489000 | -$4.0M | -$1.9M | 0 | 0 | $67000 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | -$17.5M | -$456000 | -$4.7M | -$1.1M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$1.7M | -$1.5M | -$1.9M | -$4.0M | $1.1M | -$6.3M | -$17.1M | $3.0M | $9.4M | -$9.2M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$2.3M | $9.9M | -$4.4M | $4.2M |
| Inversiones (CapEx) | -$2.2M | -$1.8M | -$621000 | -$514000 |
| Flujo de Caja Libre | -$4.5M | $8.1M | -$5.0M | $3.7M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $735000 | $774000 | $535000 | $836000 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +89.9% | -14.5% | +269.4% | +1692.1% | +154.5% | +13.9% | -11.2% | +101.1% | +37.7% |
| Crecimiento Beneficio Neto (anual) | | -45.5% | +23.1% | -104.8% | -184.7% | +73.8% | -140.2% | -3.9% | +256.2% | -24.3% |
| Crecimiento BPA (anual) | | -40.0% | +53.1% | -147.8% | -73.7% | +77.8% | -59.1% | -5.7% | +254.1% | -24.6% |
| Cambio en Acciones (anual) | | +5.5% | +63.7% | +9.6% | +22.4% | +54.7% | +14.0% | -2.0% | +5.6% | +4.4% |
| Crecimiento FCF (anual) | | +10.1% | -27.8% | -110.6% | +127.7% | -664.3% | -172.2% | +117.5% | +214.2% | -197.9% |
| Margen Bruto | 38.3% | 34.6% | 25.6% | 16.1% | 45.3% | 54.3% | 54.7% | 55.5% | 61.5% | 60.5% |
| Margen Operativo | -1098.6% | -656.0% | -814.7% | -355.7% | -26.0% | -7.8% | -16.1% | -18.3% | 7.8% | 10.0% |
| Margen EBITDA | -1068.4% | -722.5% | -730.2% | -305.1% | -66.6% | -6.9% | -14.1% | -15.9% | 10.0% | 11.7% |
| Margen Neto | -1249.3% | -957.3% | -860.6% | -477.0% | -75.8% | -7.8% | -16.4% | -19.2% | 14.9% | 8.2% |
| Margen FCF | -1077.9% | -510.4% | -762.4% | -434.7% | 6.7% | -14.9% | -35.6% | 7.0% | 11.0% | -7.8% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | 10.9% | -0.0% | -2.4% | 4.6% | -3.1% | -2.1% | -80.6% | 17.5% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.30 | $-0.26 | $-0.20 | $-0.39 | $0.09 | $-0.32 | $-0.76 | $0.14 | $0.41 | $-0.38 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $5.5M | $5.8M | $9.4M | $10.4M | $12.7M | $19.6M | $22.4M | $21.9M | $22.5M | $22.7M |
Qué mirar en Industrials
Aeroespacial, defensa, maquinaria, transporte. Semi-cíclicos. Clave: backlog, márgenes operativos, y conversión de FCF.
- Crecimiento ingresos 5y — Sin crecimiento, no hay creación de valor a largo plazo
- Margen operativo — El mejor indicador de disciplina operativa en industriales
- ROIC — Industriales de calidad tienen ROIC >15% — el resto destruyen capital
- FCF conversion — FCF / Net Income — en industriales bueno >85%
- Deuda neta / EBITDA — Industriales cíclicos con deuda alta sufren mucho en recesión
- Capex / Ingresos — Mantener la maquinaria. <4% = posible infraversión (deterioro futuro)
- Altman Z-Score — Modelo de bankruptcy (NYU 1968) — combina liquidez, apalancamiento y rentabilidad. Clave en cíclicos
Rentabilidad
| Rentabilidad sobre capital | -5.85% |
| Rentabilidad sobre capital invertido | -5.58% |
| Rentabilidad sobre activos | -5.39% |
| Margen bruto | 52.51% |
| Margen operativo | -4.38% |
| Margen neto | -3.39% |
Salud financiera
| Deuda / Patrimonio | 0.04 |
| Ratio corriente | 4.86 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -5.71 | -2.86 | -6.96 | -2.46 | -14.24 | -66.91 | -24.74 | -15.81 | 33.91 | 42.09 |
| P/VC | -11.01 | 24.73 | 96.23 | -7.31 | 21.26 | 4.37 | 4.21 | 3.03 | 8.00 | 6.24 |
| P/V | 71.04 | 27.62 | 60.39 | 15.68 | 10.79 | 6.85 | 4.03 | 3.01 | 5.07 | 3.47 |
| Margen Bruto | 38.3% | 34.6% | 25.6% | 16.1% | 45.3% | 54.3% | 54.7% | 55.5% | 61.5% | 60.5% |
| Margen Operativo | -1098.6% | -656.0% | -814.7% | -355.7% | -26.0% | -7.8% | -16.1% | -18.3% | 7.8% | 10.0% |
| Margen Neto | -1249.3% | -957.3% | -860.6% | -477.0% | -75.8% | -7.8% | -16.4% | -19.2% | 14.9% | 8.2% |