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OFFON

BYRNA TECHNOLOGIES INC.

(BYRN)
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Byrna Technologies Inc. Enters into First Omnibus Loan Modification Agreement with Needham Bank

07/09/2021 | 04:22pm EDT

On July 6, 2021, Byrna Technologies Inc. entered into a First Omnibus Loan Modification Agreement with Needham Bank, a Massachusetts co-operative bank that modifies that certain Commercial Loan and Security Agreement dated as of January 19, 2021. Pursuant to the Loan Agreement, the Lender established a revolving line of credit of up to $5,000,000 as evidenced by a Secured Revolving Line of Credit Note executed by the Company in favor of the Bank and a non-revolving equipment line of credit of up to $1,500,000 as evidenced by equipment term notes in the principal amounts drawn from time to time. Pursuant to the Amendment, the Lender and Company agreed to temporarily for a 150-day period increase the Company's principal amount on the Revolving Note from $5,000,000 to $7,500,000, temporarily for a 150-day period increase the credit limit under the Loan Agreement from $5,000,000 to $7,500,000, and a one-time non-refundable modification fee payable to Lender by the Company for the increased borrowing ability of $18,750, with one-half paid upon execution of the Agreement and one-half due only if the Company's aggregate outstanding principal balance exceeds $5,000,000. In addition, the Company agreed that upon the expiration of the 150-day period it would use the proceeds of any equity raise consummated during such time to make payments under the Revolving Note such that the aggregate principal balance of outstanding advances under the Revolving Note are equal or less to $5,000,000.


ę S&P Capital IQ 2021
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Analyst Recommendations on BYRNA TECHNOLOGIES INC.
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Financials (USD)
Sales 2021 40,9 M - -
Net income 2021 1,18 M - -
Net Debt 2021 - - -
P/E ratio 2021 647x
Yield 2021 -
Capitalization 525 M 525 M -
Capi. / Sales 2021 12,8x
Capi. / Sales 2022 8,88x
Nbr of Employees 169
Free-Float 69,5%
Chart BYRNA TECHNOLOGIES INC.
Duration : Period :
Byrna Technologies Inc. Technical Analysis Chart | BYRN | US12448X2018 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Last Close Price 22,63 $
Average target price 32,83 $
Spread / Average Target 45,1%
EPS Revisions
Managers and Directors
Bryan Scott Ganz Chairman, President & Chief Executive Officer
David North Chief Financial Officer
AndrÚ Buys Chief Technology Officer
Michael Gillespie Chief Operating Officer
Paul C. Jensen Independent Director
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