← Byrna Technologies Inc.

	FY 2016	FY 2017	FY 2018	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent	($1.9m)	($2.8m)	($2.2m)	($4.4m)	($12.6m)	($3.3m)	($7.9m)	($8.2m)	$12.8m	$9.7m
Net Income (Loss) Available to Common Stockholders, Basic	($1.9m)	($2.8m)	($2.2m)	($4.4m)	($12.6m)	($4.3m)	($7.9m)	($8.2m)	$12.8m	$9.7m
Depreciation, Depletion and Amortization	$47k	$45k	$19k	$47k	$177k	$300k	$855k	$1.3m	$1.5m	$2.1m
Amortization of Debt Issuance Costs	$64k	$139k	—	—	$0	$23k	$30k	$30k	$10k	$0
Amortization of Intangible Assets	—	—	$4k	$7k	$65k	—	$300k	$300k	$300k	$300k
Depreciation	$47k	$45k	$19k	$47k	$177k	$300k	$600k	$1.0m	$1.2m	$1.9m
Deferred Income Tax Expense (Benefit)	—	—	—	—	—	($9k)	($120k)	$129k	($5.8m)	$1.7m
Share-based Payment Arrangement, Noncash Expense	$28k	$214k	—	$218k	$1.3m	—	$5.4m	$5.4m	$3.4m	$3.1m
Payment, Tax Withholding, Share-based Payment Arrangement	—	—	—	—	—	—	—	$456k	$948k	$526k
Share-based Payment Arrangement, Expense	—	—	$39k	—	—	$3.2m	$5.4m	—	—	—
Goodwill, Impairment Loss	—	—	—	—	—	—	—	—	$0	$0
Gain (Loss) on Disposition of Assets	—	—	—	—	—	—	—	—	—	($2.3m)
Gain (Loss) on Disposition of Property Plant Equipment	—	—	—	—	—	$0	($246k)	($466k)	$0	$2.3m
Gain (Loss) on Extinguishment of Debt	—	—	—	—	($6.0m)	$0	—	—	—	—
Income (Loss) from Equity Method Investments	—	—	—	—	—	—	—	($603k)	($42k)	$0
Income Tax Expense (Benefit)	$0	$0	$0	$0	$293k	($160k)	$234k	$165k	($5.7m)	$2.1m
Operating Lease, Expense	—	—	—	—	$198k	—	$362k	$666k	—	—
Other Nonoperating Income (Expense)	—	—	—	—	—	—	—	—	$7k	($97k)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable	($7k)	$3k	($16k)	$419k	$433k	—	$4.3m	($2.2m)	($491k)	$8.0m
Increase (Decrease) in Inventories	($37k)	$150k	($28k)	$875k	$4.5m	—	$9.2m	($542k)	$5.9m	$12.7m
Accretion Expense	—	$103k	$154k	$1.1m	$755k	—	—	—	—	—
Foreign Currency Transaction Gain (Loss), before Tax	—	—	$46k	($12k)	($91k)	($210k)	($87k)	($270k)	($576k)	($410k)
Foreign Currency Transaction Gain (Loss), Unrealized	$19k	($55k)	$46k	$4k	—	—	—	—	—	—
General and Administrative Expense	$1.7m	$1.9m	$2.1m	$3.4m	—	—	—	—	—	—
Goodwill	—	—	—	—	$651k	$816k	$2.3m	$2.3m	$2.3m	$2.3m
Inventory Write-down	—	—	—	—	—	$0	$178k	$514k	—	—
Marketable Securities, Unrealized Gain (Loss)	—	—	—	—	—	—	—	$0	$65k	($47k)
Operating Expenses	$1.8m	$2.0m	$2.1m	$3.4m	$11.8m	$26.2m	$33.7m	$31.4m	$46.1m	$59.6m
Proceeds from Stock Options Exercised	$0	—	$1.3m	—	$10k	—	$456k	$34k	$149k	$296k
Revenue from Contract with Customer, Including Assessed Tax	—	—	—	—	$16.6m	$42.2m	—	—	—	—
Derivative, Gain (Loss) on Derivative, Net	—	($240k)	$189k	$426k	—	—	—	—	—	—
Net Cash Provided by (Used in) Operating Activities	($1.7m)	($1.5m)	($1.6m)	($3.8m)	$2.5m	($4.4m)	($13.8m)	$3.9m	$11.7m	($1.6m)
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment	$0	$22k	$106k	$246k	$1.4m	$1.8m	$3.3m	$903k	$2.3m	$7.6m
Payments to Acquire Businesses, Net of Cash Acquired	—	—	—	—	$489k	$4.0m	$1.9m	$0	—	—
Net Cash Provided by (Used in) Investing Activities	$0	($22k)	($422k)	($246k)	($2.0m)	($5.9m)	($5.1m)	($3.0m)	($11.2m)	($459k)
Cash flows from financing activities:
Proceeds from Issuance of Common Stock	$0	$3.7m	—	—	$500k	—	—	—	—	—
Payments for Repurchase of Common Stock	—	—	—	—	—	—	$17.5m	—	$3.8m	$1.1m
Dividends Payable	—	—	—	—	$400k	$1.0m	$0	—	—	—
Net Cash Provided by (Used in) Financing Activities	($37k)	$3.2m	$1.2m	$4.0m	$7.8m	$57.3m	($17.0m)	($422k)	($4.6m)	($1.3m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	—	—	—	—	$171k	($189k)	($326k)	—	—	—
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	—	—	—	—	$8.5m	$46.7m	($36.3m)	$430k	($3.7m)	($3.1m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	—	—	—	—	$9.7m	—	$20.1m	$20.5m	—	—
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities	—	—	$133k	$162k	$988k	$40k	$0	$0	—	—
Income Taxes Paid, Net	$0	$0	$0	$0	$0	$337k	$106k	$48k	$0	$706k