Lyntris Reports Strong Q3 2026 Results with 89% Organic Revenue Growth
Lyntris (LYNX) reported robust third-quarter 2026 financial results, characterized by $194.4 million in revenue and an 89% organic growth rate across its core missions in the U.S. and allied nations. The company's backlog surged to $1.013 billion, a 113% increase since the start of the fiscal year, fueled by high demand for radar and space programs. Key revenue drivers included Air & Missile Defense ($83.4 million), Space ISR ($56.8 million), and Maritime Domain Awareness ($54.3 million). Profitability saw a significant boost with Adjusted EBITDA rising 91% year-over-year to $28.5 million, yielding an adjusted EPS of $0.15. The company also successfully deleveraged its balance sheet, reducing its net leverage ratio from 4.2x to 1.2x following debt repayments using IPO proceeds. While the company reported a net loss of $3.0 million due to nonrecurring charges like stock-based compensation and debt extinguishment costs, management issued optimistic full-year guidance and projected revenue growth of over 30% for 2027.
Tickers: $LYNX
Topics: adjusted EBITDA backlog increase defense technology revenue growth space programs
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