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Mynaric Announces Preliminary Full-Year 2023 Results and Provides Outlook for Full-Year 2024 [Yahoo! Finance]

Mynaric AG (MYNA) 
Company Research Source: Yahoo! Finance
laser communications products, today announces preliminary unaudited results for the fiscal year ending December 31, 2023. "2023 marked a milestone year for Mynaric as we ended the year with record backlog of optical terminals, were awarded business with many marquee customers and prepared for serial production," said Mustafa Veziroglu, CEO of Mynaric. "In the first quarter of 2024, we completed our first CONDOR Mk3 shipment marking another significant milestone for the company." Key 2023 and 2024 Highlights Optical Communications Terminal Backlog at December 31, 2023 of 794 units (256 units as of December 31, 2022) and 829 as of June 20, 2024 Cash in from Customer Contracts of EUR 49.2million in 2023 (EUR 18.3 million as of December 31, 2022) Multiple wins with key customers such as Northrop Grumman, York Space Systems and Loft Federal for CONDOR Mk3 terminals, key contract with DARPA and the German government for multiple projects and a contract with commercial Japan-based Show less Read more
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