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Mynaric Ag - MYNA STOCK NEWS

Welcome to our dedicated page for Mynaric news (Ticker: MYNA), a resource for investors and traders seeking the latest updates and insights on Mynaric stock.

Mynaric AG (MYNA) specializes in advanced laser communication systems for aerospace and defense applications, enabling secure data transmission across air and space networks. This page aggregates official updates and analysis on the company's technological advancements, financial developments, and strategic partnerships.

Investors and industry professionals will find curated information spanning product launches, contract awards with government and commercial entities, and operational milestones. Our coverage focuses on MYNA's role in advancing free-space optical (FSO) communication technology – critical infrastructure for next-generation satellite constellations and airborne networks.

The resource emphasizes factual reporting on manufacturing expansions, R&D breakthroughs in optical terminals, and collaborations shaping global connectivity solutions. Content is organized to help users efficiently track the company's progress in scaling laser communication deployments while maintaining compliance with international aerospace standards.

Bookmark this page for streamlined access to verified updates about Mynaric's innovations in inter-satellite links, mobile network enhancements, and defense communication systems. Regular updates ensure you stay informed about developments impacting this specialized sector.

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Mynaric (NASDAQ:MYNA) announced its preliminary unaudited results for the fiscal year ending December 31, 2023, highlighting significant milestones and a strong outlook for 2024. The company reported a backlog of 794 optical terminals at the end of 2023, up from 256 in 2022, and 829 as of June 20, 2024.

Key customer contracts were secured with Northrop Grumman, York Space Systems, Loft Federal, DARPA, the German government, and a Japan-based constellation. Revenue from customer contracts grew to EUR 49.2 million in 2023 from EUR 18.3 million in 2022.

In April 2024, Mynaric secured a US$ 20 million deferred draw term loan to support working capital. The company projected 2024 revenue to be between EUR 50-70 million with an operating loss of EUR 30-40 million. The terminal backlog is expected to be between 800-1,000 units, with cash inflows from contracts estimated at EUR 65-100 million.

Mynaric’s outlook assumes successful production ramp-up and securing new orders. However, it may need additional capital if there are delays in production or order placements.

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Mynaric has published its financial outlook for fiscal year 2024, offering quantitative guidance for key performance indicators including revenue and operating loss. The company projects revenues between €50 million and €70 million, driven by shipments of CONDOR Mk3 units. Operating losses are expected to range from -€40 million to -€30 million, a significant decrease from last year due to higher revenue levels. Cash-in from customer contracts is forecasted to be between €65 million and €100 million, reflecting payments from both terminal shipments and pre-payments for new business wins. Additionally, the optical communications terminal backlog is anticipated to be between 800 and 1,000 units, indicating new wins in government and commercial sectors. This outlook aligns with recent analyst estimates, which average around €65 million for revenue and -€36 million for operating loss.

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Mynaric, a leading laser communications manufacturer, has been selected by Rocket Lab for the Space Development Agency's Tranche 2 Transport Layer - Beta program. The $15 million order of CONDOR Mk3 terminals will be delivered from 2025 to 2026. The partnership aims to enhance the Joint All Domain Command and Control (JADC2) infrastructure with low-latency data transport and tactical satellite communication capabilities.

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Mynaric (MYNA) achieves a significant milestone with the initial shipment of its CONDOR Mk3 free space optical communications system. The company's volume production for the optical communications terminal has begun, marking a major step towards mass deployment. Key partnerships with Northrop Grumman, York Space Systems, and Loft Federal highlight Mynaric's growing presence in the space communications industry.
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Mynaric AG ships the first flight model CONDOR Mk3 optical head after customer approval, enhancing volume production and shipment expectations for 2024.
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Mynaric AG (NASDAQ: MYNA) amends its US$75 million loan agreement with US-based lenders to increase borrowing capacity by US$20 million. The amendment includes a delayed draw facility with similar terms and conditions, available until September 2025. The additional liquidity aims to support working capital needs and general corporate purposes.
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Mynaric (NASDAQ:MYNA) has been chosen as a key development partner for Phase 2 of DARPA's Space-BACN program, aiming to create a low-cost, scalable optical communications terminal for seamless communication among government and commercial LEO satellite constellations. The 20-month Phase 2 follows Mynaric's previous participation in Phase 0 and Phase 1, showcasing their commitment to revolutionizing space-based communications. Mynaric's laser communications terminals are designed for mass deployment in government and commercial satellite constellations, with the company's selection for various SDA programs highlighting their industry recognition and potential for growth.
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Mynaric (NASDAQ:MYNA)(FRA:M0YN) reported key performance indicators for the year ending December 31, 2023. The optical communications terminal backlog stood at 794 units, exceeding the FY23 guidance of >500 units. Cash-in from customer contracts reached EUR 49.2 million, surpassing the FY23 guidance of EUR >30 million. IFRS-15 revenue and operating loss are expected to be in line with the previously communicated range, with revenue around the same level as 2022 at EUR 4.4 million and an operating loss of EUR 73.8 million. The backlog includes deliverables related to government-funded satellite constellations, providing excellent revenue and cash flow visibility for Mynaric.
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Mynaric (NASDAQ:MYNA)(FRA:M0YN) has entered into a definitive agreement with Northrop Grumman for the delivery of optical communication terminals in the framework of the U.S. Government's Space Development Agency Tranche 2 Transport Layer-Alpha space vehicles program. The contract is valued at around US $33 million, with payment milestones starting in early 2024 and continuing throughout 2025. Product deliveries are set to begin in 2024 and continue until 2026.
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Mynaric (MYNA) secures $30 million contract for CONDOR Mk3 optical communication terminals from US-based customer
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Mynaric Ag

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