Mynaric Wins New Customer with Order Volume of Around $24 Million
Mynaric (NASDAQ: MYNA) has secured a $24 million agreement with a new, undisclosed U.S.-based customer for the delivery of CONDOR Mk3 optical communication terminals. Payment milestones are set for the first and second halves of 2023, with product deliveries expected in the second half. Mynaric specializes in laser communications, enabling high-speed, secure data transmission for various applications. The company operates from locations in Munich, Los Angeles, and Washington, D.C.
- New agreement valued at $24 million enhances revenue expectations for 2023.
- Product deliveries are expected in the second half of 2023, providing potential future cash flow.
- The customer remains undisclosed, which may imply uncertainty in ongoing partnerships.
- Payment milestones could indicate cash flow risks if not met as anticipated.
LOS ANGELES, CA / ACCESSWIRE / January 9, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) has today entered into a definitive agreement with a new, undisclosed U.S.-based customer for the delivery of CONDOR Mk3 optical communication terminals. The order has a value of around
About Mynaric
Mynaric (NASDAQ: MYNA) (FRA: M0YN) is leading the industrial revolution of laser communications by producing optical communications terminals for air, space and mobile applications. Laser communication networks provide connectivity from the sky, allowing for ultra-high data rates and secure, long-distance data transmission between moving objects for wireless terrestrial, mobility, airborne- and space-based applications. The company is headquartered in Munich, Germany, with additional locations in Los Angeles, California, and Washington, D.C.
For more information, visit mynaric.com.
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Media contact
Krista Hazen
krista.hazen@mynaricusa.com
+1 (614) 915-4383
Investor contact
Tom Dinges
tom.dinges@mynaric.com
+1 (202) 900-8332
SOURCE: Mynaric AG
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FAQ
What is the value of Mynaric's new customer agreement?
When are the product deliveries scheduled for Mynaric's new order?
What type of terminals is Mynaric delivering under the new agreement?
Who is Mynaric's new customer for the $24 million agreement?
