Mynaric AG

M0YN

Equity

ISIN DE000A31C305 / Valor 121337525

Xetra (2025-08-01)

EUR 0.17%

Mynaric AG
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About company

Mynaric AG, a company publicly traded on both the Nasdaq and Frankfurt stock exchanges, specializes in the development and manufacturing of optical communications terminals for a variety of applications including terrestrial, mobility, airborne, and space-based platforms. Founded in 2009 and headquartered in Munich, Germany, with additional facilities in Los Angeles, California, and Washington, D.C., Mynaric aims to revolutionize data transmission through its laser communication networks. These networks are designed to enable ultra-high data rates and secure, long-distance data exchange between moving objects, enhancing connectivity across the globe. Over the years, Mynaric has achieved significant technological milestones, including setting world records for air-to-ground data transmission speeds in collaboration with notable partners such as Airbus/Cassidian and Facebook. The company's growth trajectory has been marked by its initial public offering on the Frankfurt stock exchange, followed by an IPO on Nasdaq, and the establishment of its first serial production facility, positioning Mynaric as a leader in the industrialization of laser communication systems.

Summarized from source with an LLMView SourceSector: Technology

Key FY 2023 financials

Revenue: €5.4m; Operating loss: €79.2m; Cash‑in from customer contracts (non‑IFRS): €49.2m. These are the headline figures for the full fiscal year 2023.

Balance sheet / liquidity indicators

Reported cash & cash equivalents were roughly in the low‑€20m range (slide shows €22.7m for FY 2023). Inventories and property, plant & equipment increased modestly year‑over‑year, supporting the production ramp.

Backlog and commercial momentum

Optical communications terminal backlog was 794 units at year‑end 2023. Management reports continued momentum, multiple awards (including government programs), and the strongest pipeline of new customer opportunities in company history.

Operational milestone

Company reports first unit shipment in 1Q 2024 and is focused on operational excellence and ramping serial production — key to converting backlog into revenue.

FY 2024 outlook

Guidance for FY 2024: Revenue €50–70m; Operating loss between about €40m and €30m (i.e., narrowing losses versus FY 2023); Cash‑in from customer contracts €65–100m; Backlog target 800–1,000 terminals. Outlook assumes the planned production ramp and current liquidity projection.

Financing and risk note

Management warns that production pushouts, order timing or delays could create a high likelihood of needing to raise additional capital; the company is considering multiple options to secure cash needs. Forward‑looking statements are subject to standard risks and uncertainties noted in the presentation.

Summarized from source with an LLMView Source

Key figures

-98.9%1Y

-99.5%3Y

-99.7%5Y

Performance

344%1Y

199%3Y

153%5Y

Volatility