Lyntris (LYNX) investor relations material

Company overview and business model

• Delivers “sense-to-act” connectivity solutions for defense, integrating sensor architecture, hardware, and data/software across space, air, land, and sea domains.

• Solutions support over 200 defense programs, with no single program accounting for more than 7% of revenue.

• Business model combines organic growth and targeted acquisitions, with 12 acquisitions since 2018 to build a vertically integrated platform.

• Revenue is highly diversified across missions, customers, and geographies, with 90% from sole- or single-source positions.

• Focuses on three core missions: Maritime Domain Awareness, Air & Missile Defense, and Space ISR & Resilient Communications.

Financial performance and metrics

• Revenue for the year ended December 31, 2025 was $388.9M, up 16.5% from $334.0M in 2024.

• Net loss for 2025 was $8.5M (net loss margin 2.2%), improved from $31.0M loss (9.3% margin) in 2024.

• Adjusted EBITDA for 2025 was $62.6M (16.1% margin), up from $48.6M (14.6% margin) in 2024.

• Backlog grew to $923.9M as of June 30, 2026, from $475.8M at December 31, 2025.

• Cash flow from operations was $34.9M for the six months ended June 30, 2026.

Use of proceeds and capital allocation

• Net proceeds of ~$69.5M (at $20.50/share IPO price) expected, after underwriting and expenses.

• Proceeds will be used to repay ~$60M under the new revolving credit facility; remainder for general corporate purposes, including development, working capital, and operational expenses.

• No proceeds from shares sold by selling stockholders.