Mynaric Updates 2024 Key Performance Indicators, Revenue Dilution and Optical Terminal Backlog Guidance Investing.com

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MÜNCHEN, DE / ACCESSWIRE / January 3, 2025 / Mynaric (ETR:) AG (NASDAQ:MYNA; ISIN: US62857X1019)(FRA:M0YN; ISIN: DE000A31C305) (the “Company”) is updating its full-year 2024 guidance issued on August 20, 2024 for two of its key financial performance metrics.

IFRS-15 Revenue: The Company now forecasts full-year 2024 IFRS-15 revenue of EUR 14.1 million compared to previous guidance of a range estimated between EUR 16.0 million and EUR 24.0 million. The reduction in guidance reflects deliveries of the CONDOR Mk3 terminal, originally expected to be delivered in late 2024, slipping to early 2025 due to a lack of key components from suppliers. These delays resulted in approximately €2.6 million in revenue for the terminals, which were previously expected to be delivered in 2024 and are now expected to deliver and recognize revenue in early 2025.

Operating loss: the Company’s previous guidelines on the range of operating losses, which are estimated to be in the range of EUR 55.0 million to EUR 50.0 million, remained unchanged.

Payment from contracts with clients(1): the Company’s previous guidelines estimating the range between EUR 45.0 million and EUR 50.0 million remained unchanged.

Fiber-optic communication terminal backlog(2): The Company now anticipates a full-year fiber-optic communication terminal backlog through December 31, 2024 of 787 terminal units compared to the Company’s previously communicated guidance estimating a range between 800 and 1,000 terminal units. The reduction in guidance is due to timing shifts in contracts for new terminal orders that were previously expected to close in 2024 and are now expected to close in 2025.

(1) Cash-In from customer contracts includes customer payments according to purchase orders and other signed contracts, including accumulated payments according to customer programs.

(2) The backlog of optical communication terminals represents the amount of all open deliveries of optical communication terminals in the context of signed user programs at the end of the reporting period.

Further explanations of how Mynaric uses these metrics can be found in Mynaric’s 2023 Annual Report, which is posted on the Mynaric Investor Relations website.

About Mynaric

Mynaric (NASDAQ:MYNA)(FRA:M0YN) is leading the laser communications industry revolution by manufacturing optical communications terminals for aerospace, space and mobile applications. Laser communication networks enable connectivity from the sky, enabling ultra-high data rates and secure long-distance data transmission between moving objects for wireless terrestrial, mobile, airborne and space applications. The company is headquartered in Munich, Germany, with additional locations in Los Angeles, California, and Washington, DC For more information, visit mynaric.com.

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