Mynaric AG (MYNA)
NASDAQ (NGS) NASDAQ (NGS) Primary 
Mynaric Announces Voluntary Departure of CFO Stefan Berndt von-Bülow
MUNICH, GERMANY / ACCESSWIRE / August 20, 2024 / Today Mynaric (NASDAQ:MYNA)(FRA:M0YN) announces the voluntary departure of CFO Stefan Berndt von-Bülow for personal reasons, effective last week. Berndt von-Bülow has been with Mynaric since 2018 and assumed the role as CFO in 2020.
Mynaric Lowers Revenue, Cash-In from Customer Contracts and Increases Operating Loss Guidance for 2024 Due to Slower than Expected Production Ramp and Higher Production Costs
MUNICH, GERMANY / ACCESSWIRE / August 20, 2024 / Mynaric AG (NASDAQ:MYNA; ISIN: US62857X1019)(FRA:M0YN; ISIN: DE000A31C305) (the "Company") has today resolved an update to full-year 2024 guidance published on June 20, 2024, for its key financial performance metrics: IFRS-15 revenue: the company now expects full-year 2024 IFRS-15 revenue to range between EUR 16.0 million to EUR 24.0 million compared to previous guidance of a range between EUR 50.0 million to EUR 70.0 million. The guidance decrease is due to production delays of CONDOR Mk3 caused by lower than expected production yields and component supplier shortages of key components.
ReOrbit selects Mynaric's CONDOR Mk3 for Space-to-Space and Space-to-Ground Laser Communications Demonstration
MUNICH, GERMANY / ACCESSWIRE / June 25, 2024 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced that it has been selected by ReOrbit to supply its CONDOR Mk3 terminal for its upcoming mission UKKO, aimed at demonstrating secure space-to-space and space-to-ground communication for Earth Observation. "At ReOrbit, we firmly believe that the space industry is now entering the era of horizontal consolidation and vertical cooperation.
Mynaric Announces Management Participation in Upcoming Investor Conference
MUNICH, GERMANY / ACCESSWIRE / June 21, 2024 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) today announced that management will participate in the following upcoming investor conference during the second quarter of 2024: Jefferies Virtual Space Summit Virtual PresentationJune 25, 202411:00 a.m. EDT / 5:00 p.m.
Mynaric AG (MYNA) Q4 2023 Earnings Call Transcript
Mynaric AG (NASDAQ:MYNA ) Q4 2023 Earnings Conference Call June 7, 2024 12:00 PM ET Company Participants Tom Dinges - Vice President of Investor Relations Mustafa Veziroglu - Chief Executive Officer Stefan Berndt-Von Bulow - Chief Financial Officer Conference Call Participants Greg Konrad - Jefferies Operator Hello, and thank you for standing by. Welcome to Mynaric Fiscal year 2023 Preliminary Results and Fiscal Year 2024 Outlook Webcast Call.
Mynaric Announces Preliminary Full-Year 2023 Results and Provides Outlook for Full-Year 2024
MUNICH, GERMANY / ACCESSWIRE / June 20, 2024 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announces preliminary unaudited results for the fiscal year ending December 31, 2023. "2023 marked a milestone year for Mynaric as we ended the year with record backlog of optical terminals, were awarded business with many marquee customers and prepared for serial production," said Mustafa Veziroglu, CEO of Mynaric.
Mynaric Publishes Outlook Including Revenue Guidance for Full-Year 2024
MUNICH, GERMANY / ACCESSWIRE / June 20, 2024 / Mynaric AG (NASDAQ:MYNA) (ISIN: US62857X1019) (FRA:M0YN) (ISIN: DE000A31C305) (the "Company") provides today its outlook for the fiscal year 2024, which for the first time includes quantitative guidance for its key performance indicators revenue and operating loss. Based on the Company's production ramp results to date in fiscal year 2024 as well as the current projected production plans and available liquidity projections for fiscal year 2024, the management board of the Company decided today on the following outlook for fiscal year 2024: Revenue: €50 million - €70 million Operating loss: -€40 million - -€30 million Cash-in from customer contracts(1): €65 million - €100 million Optical communications terminal backlog(2): 800 - 1,000 units For the fiscal year 2024, our revenue outlook is driven by shipments of CONDOR Mk3 units to multiple customers.
