(NasdaqGS: KTOS) ▶ 46.8% stock price decline on a YoY basis ending Dec. 30. ▶ Revenue increased by 9.9% from $811.5 million to $891.8 million over the last 12 months over the LTM period ending Dec. 30. ▶ Enterprise value-to-EBITDA multiple decreased from 36.7x to 29.8x for the 12 months ending Dec. 30. Fortune Brands Innovations, Inc (NYSE: FBIN) ▶ 46.6% stock price decline on a YoY basis ending Dec. 30. ▶ Revenue decreased by 38.4% from $7.656 billion to $4.714 billion over the last 12 months over the LTM period ending Dec. 30. ▶ Enterprise value-to-EBITDA multiple decreased from 12.6x to 7.5x for the 12 months ending Dec. 30. Halma plc (LSE: HLMA) ▶ 45.1% stock price decline on a YoY basis ending Dec. 30. ▶ Revenue increased by 16.8% from 1.525 billion GBP to 1.782 billion GBP over the last 12 months over the LTM period ending March 31, 2023E. ▶ Enterprise value-to-EBITDA multiple decreased from 34.8x to 20.9x for the 12 months ending Dec. 30. Cybersecurity Weaker Performers IronNet (NYSE: IRNT) ▶ 94.5% stock price decrease on a YoY basis ending Dec. 30. ▶ Revenue decreased by 5.4% from $27.5 million to $26 million over the LTM period ending Jan. 31, 2023E. ▶ Enterprise value-to-revenue multiple decreased from 11.2x to 0.6x for the 12 months ending Dec. 30. Cerberus Cyber Sentinel (NasdaqCM: CISO) ▶ 87.3% stock price decrease on a YoY basis ending Dec. 30. ▶ Revenue increased by 197.2% from $15.1 million to $45 million over the LTM securitysales.com period ending Dec. 30. ▶ Enterprise value-to-revenue multiple decreased from 203.2x to 10.2x for the 12 months ending Dec. 30. WithSecure Oyj (HLSE: WITH) ▶ 74% stock price decrease on a YoY basis ending Dec. 30. ▶ Revenue decreased by 42.9% from 236.3 million to 135 million Euros over the LTM period ending Dec. 30. ▶ Enterprise value-toEBITDA multiple decreased from 27.8x to 12.9x for the 12 months ending Dec. 30. Rapid7, Inc (NasdaqGM: RPD) ▶ 71.1% stock price decrease on a YoY basis ending Dec. 30. ▶ Revenue increased by 27.1% from $535.4 million to $680.3 million over the LTM period ending Dec. 30. ▶ Enterprise value-to-revenue multiple decreased from 14.8x to 4.1x for the 12 months ending Dec. 30. SentinelOne (NYSE: S) ▶ 71.1% stock price decrease on a YoY basis ending Dec. 30. ▶ Revenue increased by 105.1% from $204.8 million to $420.1 million over the LTM period ending Jan. 31, 2023E. ▶ Enterprise value-to-revenue multiple decreased from 70.1x to 9.5x for the 12 months ending Dec. 30. 2022 M&A Overview Security industry merger and acquisition activity in 2022 maintained pace with 2021 M&A activity as 450+ transactions were announced or completed. Consistent M&A volume in the cybersecurity industry persisted despite a softening in the M&A market overall and across many other industries. M&A has remained a significant component of growth as enterprise players across a wide variety of subsegments remained highly acquisitive with intentions to broaden service offerings and strengthen core capabilities to FEBRUARY 2023 Security Sales & Integration 39 While faring better than either of the cybersecurity indices, physical security stocks showed a general decline consistent with the broader market.http://www.securitysales.com