Recent Updates — LYNX

Lyntris reported third-quarter fiscal year 2026 results with revenue surging 90% to $194 million, driven by strong demand in air and missile defense and space ISR segments. The company posted a net loss of $3 million, or $0.03 per diluted share, while adjusted EBITDA more than doubled to $29 million. Backlog increased significantly to $1,013 million as of September 30, 2026, reflecting continued contract awards and production visibility through 2028. The company also provided full-year 2026 revenue guidance between $623 million and $630 million. Lyntris is a defense technology company delivering sense-to-act connectivity solutions for the modern battlespace.

Lyntris Inc. priced its initial public offering on August 18, 2026, at $17.50 per share for 17,000,000 shares of common stock. The offering includes 5,714,286 newly issued shares by the Company and 11,285,714 shares sold by existing stockholders. Net proceeds to Lyntris were approximately $69.5 million after deducting underwriting discounts and estimated expenses. The company intends to use these funds to repay approximately $60.0 million of outstanding indebtedness and for general corporate purposes. Trading on the New York Stock Exchange began on August 19, 2026, under the ticker symbol LYNX, with closing occurring on August 20, 2026. Concurrently, seven new directors were appointed to the Board, and the company adopted its 2026 Stock Incentive Plan. Lyntris Inc. is a defense technology company delivering sense-to-act connectivity solutions for the modern, connected battlespace.