Mynaric Lowers 2024 Revenue and Terminal Backlog Forecast

Mynaric AG has revised its guidance for 2024, reducing expected revenue and optical communications terminal backlog. Previously, the company anticipated IFRS-15 revenue between EUR 16.0 million and EUR 24.0 million. However, Mynaric now foresees earnings of EUR 14.1 million. This adjustment is due to component shortages delaying the shipment of CONDOR Mk3 terminals into 2025, affecting revenue by approximately EUR 2.6 million.

The operating loss forecast remains unchanged, projected to range between EUR 55.0 million and EUR 50.0 million. Similarly, the cash-in from customer contracts remains estimated between EUR 45.0 million and EUR 50.0 million. For the optical communications terminal backlog, Mynaric now expects to have 787 terminal units, down from its previous estimate of 800 to 1,000 units, caused by delays in finalizing contracts for new terminal orders now postponed to 2025.