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Mynaric AG American Depository Shares - $MYNA STOCK NEWS

Welcome to our dedicated page for Mynaric American Depository Shares news (Ticker: $MYNA), a resource for investors and traders seeking the latest updates and insights on Mynaric American Depository Shares stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Mynaric American Depository Shares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Mynaric, a leading laser communications manufacturer, has been selected by Rocket Lab for the Space Development Agency's Tranche 2 Transport Layer - Beta program. The $15 million order of CONDOR Mk3 terminals will be delivered from 2025 to 2026. The partnership aims to enhance the Joint All Domain Command and Control (JADC2) infrastructure with low-latency data transport and tactical satellite communication capabilities.

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Rhea-AI Summary
Mynaric (MYNA) achieves a significant milestone with the initial shipment of its CONDOR Mk3 free space optical communications system. The company's volume production for the optical communications terminal has begun, marking a major step towards mass deployment. Key partnerships with Northrop Grumman, York Space Systems, and Loft Federal highlight Mynaric's growing presence in the space communications industry.
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Mynaric AG ships the first flight model CONDOR Mk3 optical head after customer approval, enhancing volume production and shipment expectations for 2024.
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Mynaric AG (NASDAQ: MYNA) amends its US$75 million loan agreement with US-based lenders to increase borrowing capacity by US$20 million. The amendment includes a delayed draw facility with similar terms and conditions, available until September 2025. The additional liquidity aims to support working capital needs and general corporate purposes.
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3.05%
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Mynaric (NASDAQ:MYNA) has been chosen as a key development partner for Phase 2 of DARPA's Space-BACN program, aiming to create a low-cost, scalable optical communications terminal for seamless communication among government and commercial LEO satellite constellations. The 20-month Phase 2 follows Mynaric's previous participation in Phase 0 and Phase 1, showcasing their commitment to revolutionizing space-based communications. Mynaric's laser communications terminals are designed for mass deployment in government and commercial satellite constellations, with the company's selection for various SDA programs highlighting their industry recognition and potential for growth.
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Mynaric (NASDAQ:MYNA)(FRA:M0YN) reported key performance indicators for the year ending December 31, 2023. The optical communications terminal backlog stood at 794 units, exceeding the FY23 guidance of >500 units. Cash-in from customer contracts reached EUR 49.2 million, surpassing the FY23 guidance of EUR >30 million. IFRS-15 revenue and operating loss are expected to be in line with the previously communicated range, with revenue around the same level as 2022 at EUR 4.4 million and an operating loss of EUR 73.8 million. The backlog includes deliverables related to government-funded satellite constellations, providing excellent revenue and cash flow visibility for Mynaric.
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7.14%
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Mynaric (NASDAQ:MYNA)(FRA:M0YN) has entered into a definitive agreement with Northrop Grumman for the delivery of optical communication terminals in the framework of the U.S. Government's Space Development Agency Tranche 2 Transport Layer-Alpha space vehicles program. The contract is valued at around US $33 million, with payment milestones starting in early 2024 and continuing throughout 2025. Product deliveries are set to begin in 2024 and continue until 2026.
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Mynaric (MYNA) secures $30 million contract for CONDOR Mk3 optical communication terminals from US-based customer
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News
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Mynaric (NASDAQ:MYNA)(FRA:M0YN) updates full-year 2023 guidance, expecting over 500 units in backlog, more than EUR 30 million in cash-in from customer contracts, and stable IFRS-15 revenue. Operating loss to remain consistent. Program wins and delayed deliveries contribute to backlog increase.
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Mynaric (NASDAQ:MYNA)(FRA:M0YN) announced CFO Stefan Berndt-von Bülow's participation in the Deutsches Eigenkapitalforum investor conference in Frankfurt, Germany on November 27-29, 2023. More details, including the public webcast, can be found on the Mynaric Investor Relations website.
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Mynaric AG American Depository Shares

Nasdaq:MYNA

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