Mynaric Updates Guidance on 2024 Key Performance Indicators, Lowering Revenue and Optical Communications Terminal Backlog Guidance

MUNICH, DE / ACCESSWIRE / January 3, 2025 / Mynaric AG (NASDAQ:MYNA; ISIN: US62857X1019)(FRA:M0YN; ISIN: DE000A31C305) (the “Firm”) updates its full-year 2024 steerage printed on August 20, 2024, for 2 of its key monetary efficiency metrics.

IFRS-15 income: the Firm now anticipates full-year 2024 IFRS-15 income of EUR 14.1 million in comparison with earlier steerage of a spread estimating between EUR 16.0 million to EUR 24.0 million. The steerage lower displays shipments of CONDOR Mk3 terminals, initially anticipated to ship in late 2024, to slide into early 2025, because of shortages of key elements from suppliers. These delays resulted in roughly EUR 2.6 million of income for terminals beforehand anticipated to ship in 2024 now anticipated to ship and income acknowledged in early 2025.

Working loss: the earlier Firm steerage of a spread of working loss estimating to vary between a lack of EUR 55.0 million to EUR 50.0 million is unchanged.

Money-In from Buyer Contracts(1): the earlier Firm steerage estimating to vary between EUR 45.0 million to EUR 50.0 million is unchanged.

Optical Communications Terminal Backlog(2): the Firm now anticipates full-year optical communications terminal backlog at December 31, 2024 of 787 terminal items in comparison with the beforehand communicated Firm steerage estimating to vary between 800 to 1,000 terminal items. The steerage lower is because of timing shifts in contracts for brand spanking new terminal orders beforehand anticipated to shut in 2024 now anticipated to shut in 2025.

(1) Money-In from Buyer Contracts contains funds from prospects beneath buy orders and different signed agreements, together with accrued fee milestones beneath buyer applications.

(2) Optical communications terminal backlog represents the amount of all open optical communications terminal deliverables within the context of signed buyer applications on the finish of a reporting interval.

Additional explanations about how Mynaric makes use of these metrics will be present in Mynaric’s Annual Report 2023, which has been printed on Mynaric’s investor relations web site.

About Mynaric

Mynaric (NASDAQ:MYNA)(FRA:M0YN) is main the commercial revolution of laser communications by producing optical communications terminals for air, area and cell functions. Laser communication networks present connectivity from the sky, permitting for ultra-high information charges and safe, long-distance information transmission between shifting objects for wi-fi terrestrial, mobility, airborne- and space-based functions. The corporate is headquartered in Munich, Germany, with further places in Los Angeles, California, and Washington, D.C. For extra data, go to mynaric.com.

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