Lyntris Inc. · NYSE:LYNX
Lyntris — Q3 2026 Earnings Presentation
23 slides from Lyntris's earnings presentation, Nov 4, 2026
Slide 1: Q3 FY26 Earnings Call
November 4 2026 Q3 FY26 Earnings Call
Slide 2: Forward-Looking Statements and Non-GAAP Measures
Forward-Looking Statements and Non-GAAP Measures Forward - looking statements This presentation may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend all forw
Slide 3: Q3 FY26
Q3 FY26
Slide 4: Q3 FY26 Financial Highlights
Q3 FY26 Financial Highlights Revenue and Adjusted EBITDA grew as customers expanded and accelerated programs REVENUE 90% ADJUSTED EBITDA¹ $194M $28.5M 91% Year-over-year 89% Year-over-year Year-over-year (Organic)³ ADJUSTED NET INCOME¹ FREE CASH FLOW¹ $84M $17.0M $0.15 $79M Operating Cash Flow Adjus
Slide 5: Core Mission Results
Core Mission Results Customers are investing in their programs and turning to Lyntris to move them forward Air & Missile Defense Maritime Domain Awareness Space ISR & Resilient Communications Q3 REVENUE Q3 REVENUE Q3 REVENUE $83M 154% Year-over-year $54M 29% Year-over-year $57M 108% Year-over-year •
Slide 6: Financials in Detail
Financials in Detail Growth in demand and faster execution on existing programs drove third-quarter results $ in millions, except per share Q3 FY26 Q3 FY25 YTD FY26 BALANCE SHEET AT QUARTER END $88M $198M Revenue $194 $102 $435 Net loss $(3.0) $(3.5) $(18.0) Cash Total debt⁴ EPS $(0.04) $(0.03) $(0.
Slide 7: Warfare has Changed
Warfare has Changed America and its allies need connected battlespace solutions. 01 02 03 NEED FOR ADVANCED SENSING NEED FOR CONNECTED DATA NEED FOR RESILIENT CONNECTIVITY More threats, in a more More sensors, more data, More jamming, fewer safe contested spectrum less time links • Cheaper, faster,
Slide 8: Sense-to-Act connectivity for the Modern Battlespace
Sense-to-Act connectivity for the Modern Battlespace Vertically integrated, physics-to-software capabilities serving three core missions across space, air, land and sea. THE SENSE - TO - ACT CHAIN: THREE CAPABILITY SETS WHERE IT SHOWS UP: PROPRIETARY IP BY DOMAIN Integrated satellite payloads Sense
Slide 9: Merchant supplier to primes and end users
Merchant supplier to primes and end users Lyntris sells modular, proprietary subsystems to primes and embeds with end users to accelerate spec-in and program adoption. Primes Lyntris End users Merchant supplier to traditional and emerging Modular, proprietary subsystems built on owned IP Embedded wi
Slide 10: Program and Growth Highlights
Program and Growth Highlights Proven technology gives us a foundation to reach new customers, scale production and own more of the system. AIR & MISSILE DEFENSE MARITIME DOMAIN AWARENESS SPACE ISR & RESILIENT COMMUNICATIONS LTAMDS Garda C2 PTS-G From development to recurring production Command and c
Slide 11: End-to-end Mission Platforms
End-to-end Mission Platforms Lyntris’ role starts in development and is expected to grow with the program through decades of maturity. Develop Deploy Expand Sustain & Upgrade ~1–3-year design and engineering cycle Repeatable production at scale One IP base, many programs Decades of sustainment and u
Slide 12: FY26 Outlook
FY26 Outlook REVENUE ADJUSTED EBITDA¹ $623–$630M $95.5–$97M ~61% ~54% Growth at the midpoint Growth at the midpoint ~$627M ~$96.3M $389M $63M FY25 FY26 FY25 FY26 Actual Outlook Actual Outlook ¹ Adjusted EBITDA is a non-GAAP measure. See the Appendix to the presentation for a reconciliation to the mo
Slide 13: Appendix
Appendix
Slide 14: Non-GAAP Financial Measures
Non-GAAP Financial Measures This presentation includes the non-GAAP financial measures defined below. These measures are supplemental, have limitations as analytical tools and should not be considered in isolation or as substitutes for results reported under U.S. GAAP, and our computation of these m
Slide 15: EBITDA and Adjusted EBITDA Margin Reconciliation
EBITDA and Adjusted EBITDA Margin Reconciliation Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands, except percentages) 2026 2025 2026 2025 Revenue $ 194,429 $ 102,092 $ 435,412 $ 281,175 Net loss $ (3,025) $ (3,470) $ (18,018) $ (13,175) Interest expense, net 6,458 8,
Slide 16: EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin
EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin The preceding tables present a reconciliation of net loss and net loss margin to EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin for each of the periods indicated: Footnotes 1. Depreciation and amortization expense includes $3.3 million and $3.4
Slide 17: Adjusted Net Income and Adjusted EPS Reconciliation
Adjusted Net Income and Adjusted EPS Reconciliation Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands, except per share amounts) 2026 2025 2026 2025 Net loss $ (3,025) $ (3,470) $ (18,018) $ (13,175) Adjustments to net loss Acquisition and integration-related costs (1)
Slide 18: Adjusted Net Income and Adjusted EPS
Adjusted Net Income and Adjusted EPS The preceding tables present a reconciliation of net loss and earnings per share to Adjusted Net Income (Loss) and Adjusted EPS Footnotes 1. Acquisition and Integration Costs. Represents third-party professional service fees and other direct, incremental costs in
Slide 19: TTM and FY25 Adjusted EBITDA Margin Reconciliation
TTM and FY25 Adjusted EBITDA Margin Reconciliation ($ in thousands, except percentages) Revenue Net loss Interest expense, net Provision for (benefit from) income taxes Depreciation and amortization EBITDA Adjustments to EBITDA Acquisition and integration-related costs ) Restructuring and severance
Slide 20: Free Cash Flow Presentation
Free Cash Flow Presentation 20
Slide 21: Adjusted Net Income (Loss) and Adjusted EPS
Adjusted Net Income (Loss) and Adjusted EPS The preceding tables present a reconciliation of net loss and earnings per share to Adjusted Net Income (Loss) and Adjusted EPS Footnotes 1. Acquisition and Integration Costs. Represents third-party professional service fees and other direct, incremental c
Slide 22: Free Cash Flow Presentation
Free Cash Flow Presentation Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2026 2025 2026 2025 Net cash provided by (used in) operating activities $ 84,036 $ (3,484) $ 118,902 $ (16,780) Less: capital expenditures (property, plant and equipment and software) (4,567
Slide 23: Net Financial Leverage Ratio Reconciliation
Net Financial Leverage Ratio Reconciliation September 30, December 31, ($ in thousands) 2026 2025 Current portion of long-term debt $ 7,393 $ 3,587 Long-term debt, net of current portion and deferred financing costs 190,507 281,114 Total debt $ 197,900 $ 284,701 Less: cash (88,367) (19,148) Net debt