Mynaric Announces New Date of FY21 Business Update
Mynaric (NASDAQ: MYNA) announced a postponement of its FY21 business update due to management illness, now scheduled for April 4, 2022.
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Rhea-AI Summary
Mynaric (NASDAQ: MYNA) announced a postponement of its FY21 business update due to management illness, now scheduled for April 4, 2022. The update will include preliminary financial results and key information shared through a shareholder letter at 11:00 a.m. EDT. Following that, a webcast at 12:00 p.m. EDT will host discussions with executives including CEO Bulent Altan. The company has also crowdsourced questions from both retail and institutional investors that may be addressed during the update.
Positive
- The postponed FY21 business update will provide preliminary financial results, which are essential for investors.
- Crowdsourcing questions from investors shows engagement and transparency.
Negative
- Management illness causing a delay may raise concerns about the company's stability and operations.
Details
News Market Reaction – MYNA
The recorded move for MYNA in the trading session of this news was +8.87%.
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MUNICH, GERMANY / ACCESSWIRE / March 26, 2022 / Mynaric (NASDAQ:MYNA)(FRA:M0Y) today announced that its upcoming FY21 business update will be postponed by one week because the management team is unavailable due to illness.
Mynaric now plans to publish its FY21 business update, including selected figures of the preliminary financial results FY21 and other key information by means of a shareholder letter on Monday, April 4, 2022, at 11:00 a.m. Eastern Daylight Time (5:00 p.m. Central European Summer Time). The release of the shareholder letter will be announced over the newswire and published in the investor relations section of mynaric.com.
Mynaric will host a webcast the same day, April 4, at 12:00 p.m. Eastern Daylight Time (6:00 p.m. Central European Summer Time) to discuss the FY21 business update. The webcast will include a presentation and a Q&A session with Mynaric executives including CEO Bulent Altan, CTO Joachim Horwath and CFO Stefan Berndt-von Bülow.
Starting March 11 and continuing through March 25, Mynaric crowdsourced questions of retail and institutional investors some of which may be addressed by the upcoming FY21 business update.
About Mynaric
Mynaric (NASDAQ: MYNA)(FRA: M0Y) is leading the industrial revolution of laser communications by producing optical communications terminals for air, space and mobile applications. Laser communication networks provide connectivity from the sky, allowing for ultra-high data rates and secure, long-distance data transmission between moving objects for wireless terrestrial, mobility, airborne- and space-based applications. The company is headquartered in Munich, Germany, with additional locations in Los Angeles, California, and Washington, D.C. For more information, visit mynaric.com.
SOURCE: Mynaric AG
View source version on accesswire.com:
https://www.accesswire.com/694768/Mynaric-Announces-New-Date-of-FY21-Business-Update
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