Mynaric (MYNAY) Financials
Newest figures come from the filing for FY2023, filed May 17, 2024. Each column of the statement tables below links to the filing it was taken from.
Mynaric AG (MYNAY) reported $6.0M in revenue for fiscal year 2023, up 26.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings.
Financial Health Signals
We do not publish a peer-relative financial health score for Mynaric AG, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Mynaric AG passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) does not pass.
Mynaric AG reported a net loss of $103.4M while operations used $32.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Mynaric AG reported an operating loss of $87.6M against $17.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Mynaric AG generated $6.0M in revenue in fiscal year 2023. This represents an increase of 26.0% from the prior year.
Mynaric AG's EBITDA was -$74.7M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior year is not meaningful, because that figure was zero or negative.
Mynaric AG reported a net loss of $103.4M in fiscal year 2023. The change from the prior year is not meaningful, because that figure was zero or negative.
Mynaric AG earned -$17.12 per diluted share (EPS) in fiscal year 2023. The change from the prior year is not meaningful, because that figure was zero or negative.
Cash & Balance Sheet
Mynaric AG recorded an outflow of $37.4M in free cash flow in fiscal year 2023, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
Mynaric AG held $26.5M in cash as of fiscal year 2023; no long-term debt figure is on record for that period.
Not reported for fiscal year 2023.
Margins & Returns
Not reported for fiscal year 2023.
Not shown for fiscal year 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2023.
Capital Allocation
Mynaric AG invested $5.4M in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 50.7% from the prior year.
Not reported for fiscal year 2023.
Not reported for fiscal year 2023.
MYNAY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY23Filing | FY22Filing | FY21Filing | FY20Filing | FY19Filing |
|---|---|---|---|---|---|
| Revenue | $6.0M+26.0% | $4.7M+77.5% | $2.7M+221.0% | $830K+548.8% | $128K |
| Operating Income | -$87.6Mn/m | -$78.9Mn/m | -$47.9Mn/m | -$23.6Mn/m | -$11.3M |
| EBITDA | -$74.7Mn/m | -$70.4Mn/m | -$42.8Mn/m | -$21.3Mn/m | -$10.1M |
| Interest Expense | $17.7M+551.5% | $2.7M+12.0% | $2.4Mn/m | $0n/m | $0 |
| Income Tax | -$611Kn/m | -$26K-101.3% | $2.0Mn/m | $0n/m | $0 |
| Net Income | -$103.4Mn/m | -$79.0Mn/m | -$51.5Mn/m | -$24.2Mn/m | -$11.1M |
| EPS (Basic) | -$17.12n/m | -$14.52n/m | -$12.11n/m | -$7.22 | N/A |
| EPS (Diluted) | -$17.12n/m | -$14.52n/m | -$12.11n/m | -$7.22 | N/A |
| Diluted Shares (Avg) | 6M+11.2% | 5M+27.9% | 4M+26.9% | 3M | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.
MYNAY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY23Filing | FY22Filing | FY21Filing | FY20Filing | FY19Filing |
|---|---|---|---|---|---|
| Total Assets | $131.7M+53.3% | $85.9M-29.7% | $122.3M+15.5% | $105.9M | N/A |
| Current Assets | $61.3M+88.8% | $32.5M-53.7% | $70.2M+14.1% | $61.5M | N/A |
| Cash & Equivalents | $26.5M+142.0% | $11.0M-79.9% | $54.5M+3.1% | $52.8M+427.9% | $10.0M |
| Inventory | $25.1M+75.8% | $14.3M+50.2% | $9.5M+48.6% | $6.4M | N/A |
| Accounts Receivable | $332K-71.8% | $1.2M | N/A | N/A | N/A |
| Total Liabilities | $186.3M+231.4% | $56.2M+114.8% | $26.2M+34.8% | $19.4M | N/A |
| Current Liabilities | $82.8M+79.2% | $46.2M+197.6% | $15.5M+42.8% | $10.9M | N/A |
| Non-Current Liabilities | $103.4M+937.3% | $10.0M-6.2% | $10.6M+24.7% | $8.5M | N/A |
| Total Equity | -$54.5M-283.4% | $29.7M-69.1% | $96.1M+11.1% | $86.5M+254.3% | $24.4M |
| Retained Earnings | -$287.7Mn/m | -$178.2Mn/m | -$105.0Mn/m | -$57.8M | N/A |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill, Long-Term Debt.
MYNAY Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY23Filing | FY22Filing | FY21Filing | FY20Filing | FY19Filing |
|---|---|---|---|---|---|
| Operating Cash Flow | -$32.1Mn/m | -$53.7Mn/m | -$44.6Mn/m | -$20.7Mn/m | -$9.3M |
| Depreciation & Amortization | $12.9M+50.4% | $8.5M+67.1% | $5.1M+127.2% | $2.3M+79.4% | $1.3M |
| Capital Expenditures | $5.4M-50.7% | $10.9M+26.4% | $8.6M+4.8% | $8.2M+287.6% | $2.1M |
| Free Cash Flow | -$37.4Mn/m | -$64.6Mn/m | -$53.2Mn/m | -$28.9Mn/m | -$11.5M |
| Investing Cash Flow | -$5.1Mn/m | -$12.5Mn/m | -$12.4Mn/m | -$18.3Mn/m | -$8.0M |
| Financing Cash Flow | $52.1M+121.6% | $23.5M-62.1% | $62.0M-23.5% | $81.0M+529.9% | $12.9M |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
MYNAY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY23Filing | FY22Filing | FY21Filing | FY20Filing | FY19Filing |
|---|---|---|---|---|---|
| Operating Margin | -1468.7% | -1668.7% | -1798.9% | -2836.1% | -8840.4% |
| Net Margin | -1734.7% | -1668.9% | -1932.1% | -2911.6% | -8680.7% |
| Return on Equity | N/A | -265.5%-211.9pp | -53.6%-25.6pp | -28.0%+17.6pp | -45.5% |
| Return on Assets | -78.5%+13.4pp | -91.9%-49.8pp | -42.1%-19.3pp | -22.8% | N/A |
| Current Ratio | 0.740.0x | 0.70-3.8x | 4.52-1.1x | 5.66 | N/A |
| Liabilities-to-Equity | N/A | 1.89+1.6x | 0.270.0x | 0.22 | N/A |
| Asset Turnover | 0.050.0x | 0.060.0x | 0.020.0x | 0.01 | N/A |
| FCF Margin | -627.7% | -1365.8% | -1997.4% | -3484.4% | -8955.3% |
Not reported in any period shown, so not listed: Gross Margin, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$54.5M), which causes the debt-to-equity, liabilities-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.74), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Mynaric AG MYNAY | FY2023 | $6.0M | -$103.4M | N/A | N/A | — |
| Ericsson (LM) TEL B ERIXF | FY2025 | $25.7B | $3.1B | 12.0% | $32.4B | — |
| Aerkomm Inc AKOM | FY2025 | N/A | -$18.3M | N/A | $197K | — |
| Nokia NOKBF | FY2025 | $23.3B | $764.0M | 3.3% | $43.0B | — |
Where Mynaric AG Ranks
Frequently Asked Questions
Mynaric AG (MYNAY) reported $6.0M in total revenue for fiscal year 2023. This represents a 26.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Mynaric AG (MYNAY) revenue grew by 26.0% year-over-year, from $4.7M to $6.0M in fiscal year 2023.
No, Mynaric AG (MYNAY) reported a net loss of $103.4M in fiscal year 2023.
Mynaric AG (MYNAY) had EBITDA of -$74.7M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
Mynaric AG (MYNAY) recorded an outflow of $37.4M in free cash flow during fiscal year 2023. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
Mynaric AG (MYNAY) recorded an outflow of $32.1M in operating cash flow during fiscal year 2023, representing cash used by core business activities.
Mynaric AG (MYNAY) had $131.7M in total assets as of fiscal year 2023, including both current and long-term assets.
Mynaric AG (MYNAY) invested $5.4M in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
Mynaric AG (MYNAY) had a current ratio of 0.74 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
Mynaric AG (MYNAY) had a return on assets of -78.5% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
Mynaric AG (MYNAY) has negative shareholder equity of -$54.5M as of fiscal year 2023, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
Mynaric AG (MYNAY) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Mynaric AG (MYNAY) reported a net loss of $103.4M while operations used $32.1M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Mynaric AG (MYNAY) reported an operating loss of $87.6M against $17.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.