Lyntris records $194 million in Q3 revenue, up 90% year-over-year
LYNX Lyntris Inc
$14.59 +28.66%
View chart & analysis → - 1Lyntris recorded total Q3 revenue of $194 million, a 90% increase compared to the previous year.
- 2This represents more than a twofold increase in Lyntris total backlog since the start of the fiscal year.
- 3Designated intellectual property (IP) maintained its 85% share of Lyntris product revenue.
So what's the key point?
Lyntris generated 90% more revenue in the third quarter than it did last year. The amount of orders waiting to be fulfilled has also more than doubled, showing strong momentum for the company.
Source The Motley Fool +1 · View original ↗
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