Annual report pursuant to Section 13 and 15(d)

Note 1 - Nature of Operations

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Note 1 - Nature of Operations
12 Months Ended
Nov. 30, 2023
Notes to Financial Statements  
Nature of Operations [Text Block]

1.

NATURE OF OPERATIONS

 

Byrna Technologies Inc. (the “Company” or “Byrna”) is a less-lethal defense technology company, specializing in next generation solutions for security situations that do not require the use of lethal force. Byrna personal security devices are less-lethal self-defense devices that are powered by CO2 and fire .68 caliber spherical kinetic and chemical irritant projectiles. The Company added pepper spray aerosols to their less-lethal defense product line due to an acquisition in 2022.  See Note 5, “Business Combinations” for additional information.  These products are sold in both the consumer and security professional markets. The Company operates two manufacturing facilities, a 30,000 square foot facility in located in Fort Wayne, Indiana and a 20,000 square foot manufacturing facility located in Pretoria, South Africa.

 

On  January 10, 2023, the Company created a new joint venture with Fusady S.A. ("Fusady") located in Uruguay, to expand the Company's operations and presence in South American markets.  The Company holds 51% of the stock in the joint venture entity, Byrna LATAM (formerly known as Uldawer S.A. prior to its legal entity re-naming in October 2023), and the remaining 49% of stock in Byrna LATAM is held by Fusady.  See Note 6, "Investment in Joint Venture" for additional information. 

 

The Company was incorporated under the laws of the state of Delaware on  March 1, 2005.