notice_summary_ytd.revenue.<h3>Full-Year 2025 Expected Results</h3><ul><li>Revenue: Approximately flat year over year, with meaningful acceleration in Q4.</li><li>Gross Margin: Approximately 19%, compared to 20% in 2024.</li><li>Operating Expenses: Approximately $12.6 million, a 15% improvement year-over-year.</li><li>Net Loss: Approximately - $8.0 million, a 53% improvement year-over-year.</li><li>EBITDA: Expected to be - $4.0 million, compared to a loss of - $9.5 million for 2024.</li></ul><h3>Fourth Quarter 2025 Outlook</h3><ul><li>Revenue: Approximately $7.0 million, up 59% from $4.4 million in Q4 2024.</li><li>Gross Margin: Approximately 25–32%, up sharply from 6.5% in Q4 2024.</li><li>Operating Expenses: Approximately $2.7 million, down from $3.4 million.</li><li>EBITDA: Expected to be near break-even, compared to a loss of - $2.7 million in Q4 2024.</li></ul><h3>Preliminary Results for the Nine Months Ended September 30, 2025</h3><ul><li>Net Sales: $13.4 million vs. $16.5 million in the prior year period.</li><li>Gross Profit: $1.4 million vs. $3.9 million.</li><li>Operating Expenses: Decreased 13.6%, from $11.4 million to $10.1 million.</li><li>Net Loss: Improved 21% from - $10.0 million to - $7.9 million.</li><li>EBITDA Loss: Improved 34%, from - $6.6 million to - $4.4 million.</li></ul><h3>Outlook / Guidance</h3>Stryve Foods, Inc. anticipates a break-even EBITDA in the fourth quarter of 2025, marking a significant operational turnaround. The company expects continued margin expansion into fiscal 2026, driven by targeted pricing, productivity improvements, and strategic investments. Additionally, Stryve is exploring strategic alternatives to maximize shareholder value, including potential external financing options.

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