Mynaric AG - American Depository Shares (OQ:MYNA)
Business Focus: N/A
Apr 03, 2024 09:00 am ET
Volume Production Begins for Mynaric's Flagship Space Laser Terminal - CONDOR Mk3
Initial Shipment Leaves Munich Production Facility
Apr 03, 2024 08:15 am ET
Volume Production Begins for Mynaric’s Flagship Space Laser Terminal - CONDOR Mk3
Initial Shipment Leaves Munich Production Facility
Mar 30, 2024 12:15 pm ET
Mynaric Starts Volume Production and Makes Initial Shipment
MUNICH, GERMANY / ACCESSWIRE / March 30, 2024 / Mynaric AG (NASDAQ:MYNA)(ISIN: US62857X1019)(FRA:M0YN)(ISIN: DE000A31C305) (the "Company") today, following customer approval, shipped the first flight model CONDOR Mk3 optical head and updates the Company's volume production and shipment expectations as most recently provided on January 10, 2024. Serial production of CONDOR Mk3 terminals started in the first quarter of 2024, and the Company currently expects further increases in production and shipments to continue in the second quarter of 2024.
Mar 14, 2024 05:50 am ET
Mynaric Increases USD 75 million Borrowing Capacity on Loan Agreement by USD 20 million
MUNICH, GERMANY / ACCESSWIRE / March 14, 2024 / Mynaric AG (NASDAQ:MYNA; ISIN: US62857X1019)(FRA:M0YN; ISIN: DE000A31C305) (the "Company") today decided on an amendment to its existing US$75 million loan agreement with its US-based lenders, which are funds affiliated with a U.S.-based global investment management firm (the "Lenders"), to increase the borrowing capacity on the loan agreement by US$20 million utilizing a delayed draw facility provided on substantially the same terms and conditions as the existing term loan facility. As is the
Jan 16, 2024 08:15 am ET
Mynaric Selected for Phase 2 of DARPA Space-BACN Program
LOS ANGELES, CA / ACCESSWIRE / January 16, 2024 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, has been selected as a key development partner of Phase 2 of the Space-based adaptive communications node (Space-BACN) program of the Defense Advanced Research Projects Agency (DARPA). DARPA's Space-BACN program envisions a low-cost, scalable optical communications terminal that could be reconfigured to work with variou
Jan 10, 2024 08:45 am ET
Mynaric Reports on Key Performance Indicators for 2023
MUNICH, GERMANY / ACCESSWIRE / January 10, 2024 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today reported on key performance indicators for the year ending December 31, 2023.
Dec 13, 2023 02:30 am ET
Mynaric Receives US $33 million Order from Northrop Grumman
MUNICH, GERMANY / ACCESSWIRE / December 13, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) has today 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, with a value of around US $33 million, foresees payment milestones starting early 2024 and continuing throughout 2025 with product deliveries beginning in 2024 and continuing until 2026.
Nov 29, 2023 08:31 am ET
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Nov 29, 2023 02:20 am ET
Mynaric Secures Another Contract with a U.S. Customer for its CONDOR Mk3 Terminals
MUNICH, GERMANY / ACCESSWIRE / November 29, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) has today entered into a definitive agreement for an additional order from an existing undisclosed US-based customer for the delivery of CONDOR Mk3 optical communication terminals. The contract, with a value of around US $30 million, foresees payment milestones starting in 2023 and continuing throughout 2024 and 2025 with product deliveries beginning in mid-2024 and continuing into 2025.
Nov 09, 2023 06:15 pm ET
Mynaric Updates Guidance for 2023
MUNICH, GERMANY / ACCESSWIRE / November 9, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) has today announced an update to full-year 2023 guidance for its key financial performance metrics:
Nov 09, 2023 08:00 am ET
Mynaric Announces Management Participation in Upcoming Investor Conference
MUNICH, GERMANY / ACCESSWIRE / November 9, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) today announced that CFO, Stefan Berndt-von Bülow, will participate in the following investor conference:
Nov 02, 2023 03:55 am ET
Mynaric Receives US-$25 million Order from Northrop Grumman
MUNICH, GERMANY / ACCESSWIRE / November 2, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) has today entered into a definitive agreement with Northrop Grumman for the delivery of optical communication terminals in the framework of the U.S. government's Space Development Agency Tranche 2 Transport Layer-Beta space vehicles program. The contract with a value of around US-$ 25 million foresees payment milestones starting in 2023 and continuing throughout 2024 and 2025 with product deliveries beginning in 2024 and continuing until 2026.
Nov 01, 2023 09:15 am ET
Mynaric Secures Additional Contract with U.S. Customer for its CONDOR Mk3 Terminals
MUNICH, GERMANY / ACCESSWIRE / November 1, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced that it entered into an additional definitive agreement with a previously undisclosed U.S.-based customer for the delivery of CONDOR Mk3 optical communication terminals. The order has a value of around $6 million, foresees payment milestones in Q4 2023 and 2024 and product deliveries in the second half of 2024.
Oct 23, 2023 09:31 am ET
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Oct 12, 2023 09:15 am ET
Mynaric Announces Management Participation in Upcoming Investor Conferences
MUNICH, GERMANY / ACCESSWIRE / October 12, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) today announced that CEO, Mustafa Veziroglu, and CFO, Stefan Berndt-von Bülow, will participate in the following investor conferences during the fourth quarter of 2023:
Sep 14, 2023 11:33 am ET
Mynaric Announces Half-Year 2023 Results
Continued traction on key performance indicators as company prepares for serial production and shipments to key customers in 2H23
Aug 22, 2023 08:15 am ET
Space Development Agency Taps Mynaric for Optical Ground Station Project
Multiple experiments to be conducted during demonstration
Aug 08, 2023 08:15 am ET
Mynaric Annual General Assembly: Bulent Altan Elected by Shareholders to Join Supervisory Board, Mustafa Veziroglu Now Sole CEO
MUNICH, GERMANY / ACCESSWIRE / August 8, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced key results of the company's annual general assembly held on August 7, 2023.
Jul 13, 2023 08:15 am ET
Mynaric wins INNOSpace Masters Award from the German Space Agency at the DLR
Company receives top honor in the SME/Scale-Up category
Jun 21, 2023 08:10 am ET
Mynaric AG: Mynaric Selected by Raytheon Technologies to Supply Optical Communications Terminals for SDA Tranche 1 Tracking Layer Program
SDA increases satellites in program following budget increase
Jun 06, 2023 07:00 am ET
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May 31, 2023 08:30 am ET
Mynaric Announces Management Participation in Upcoming Investor Conferences
MUNICH, GERMANY / ACCESSWIRE / May 31, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) today announced that management will participate in the following upcoming investor conferences during the second quarter of 2023:
May 11, 2023 01:30 pm ET
Mynaric Optimizes Management Structure: Mustafa Veziroglu Will Become Sole CEO with Bulent Altan Set to Join Supervisory Board
MUNICH, GERMANY / ACCESSWIRE / May 11, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective, and scalable laser communications products, today announced that the management and supervisory board jointly decided on a plan to further optimize the leadership structure of Mynaric. The plan foresees that Mustafa Veziroglu will become the sole CEO of Mynaric, effective from the next Annual General Assembly of Mynaric in early Q3 2023 to solely lead Mynaric's operational day-to-day business and upcoming
May 11, 2023 01:30 pm ET
Mynaric: Co-CEO Bulent Altan Aims for Transfer to the Company’s Supervisory Board; Co-CEO Mustafa Veziroglu will Become the Sole CEO
GILCHING, GERMANY / ACCESSWIRE / May 11, 2023 / The Supervisory Board of Mynaric AG (NASDAQ:MYNA)(FRA:M0YN) and the Co-CEO of the Company, Bulent Altan, in alignment with the further members of the Management Board have today agreed on the intended transfer of Mr. Altan to the Supervisory Board of the Company. For this purpose, Mr. Altan will resign from his position as Chief Executive Officer (CEO) and member of the Management Board of Mynaric AG as of the end of the Annual General Meeting 2023 of the Company at the beginning of Q3 2023. Simultaneously, the other Co-CEO Musta
May 02, 2023 08:15 am ET
Mynaric Receives Order from Loft Federal for CONDOR Mk3 Optical Communications Terminals to Support NExT – SDA’s Experimental Testbed
LOS ANGELES, CA / ACCESSWIRE / May 2, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced that it entered into a definitive agreement for the sale of CONDOR Mk3 terminals to Loft Federal, a subsidiary of Loft Orbital. Loft Federal was selected to produce, deploy and operate NExT - the Space Development Agency's (SDA) Experimental Testbed and will use the te
Apr 27, 2023 12:00 pm ET
Mynaric Announces Preliminary Unaudited Full-Year 2022 Results
Continued traction on key performance indicators as company prepares for serial production and shipments to key customers in 2H23
Apr 25, 2023 01:00 am ET
Mynaric Secures EUR 80.6 Million Debt/Equity Financing by Way of a US$75 Million Secured Loan and a EUR 12.4 Million Capital Increase From Authorized Capital
Financing to support near-to-medium term business plan and Company provides guidance for its key performance indicators for 2023
Apr 24, 2023 08:50 pm ET
Mynaric Announces Date of Preliminary Full-Year 2022 Financial Results Webcast and Provides Preliminary Full-Year 2022 Results Update
MUNICH, GERMANY / ACCESSWIRE / April 25, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today reported selected preliminary unaudited full-year 2022 results. For the full year 2022, Mynaric expects revenue of approximately EUR 4.4 million and a net operating loss of approximately EUR 73.8 million. Earlier this year, Mynaric reported on its key performance indicators for 2022 with optical communications termi
Mar 09, 2023 08:20 am ET
Mynaric Selected by German Government for Multiple Projects to Develop Quantum Communication Capabilities
Projects are part of the QuNET initiative funded by Germany's Federal Ministry of Education and Research (BMBF)
Feb 08, 2023 08:40 am ET
Mynaric Delivers CONDOR Mk2 Terminals to Telesat Government Solutions for DARPA’s Blackjack Program
Delivery of flight-ready Optical Communications Terminals marks important milestone toward product space flight heritage
Jan 31, 2023 02:00 pm ET
Appointment of Mustafa Veziroglu as Second Chairman of the Management Board of Mynaric AG
GILCHING, GERMANY / ACCESSWIRE / January 31, 2023 / The Supervisory Board of Mynaric AG (NASDAQ:MYNA)(FRA:M0YN) today has resolved upon an expansion of the chair of the Management Board: As of February 1, 2023, Mustafa Veziroglu will join Bulent Altan, as second chairman of the Management Board and become the Co-CEO of the company.
Jan 31, 2023 02:00 pm ET
Mynaric Appoints Mustafa Veziroglu as Co-CEO
MUNICH, GERMANY / ACCESSWIRE / January 31, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective, and scalable laser communications products, today announced the appointment of Mustafa Veziroglu as Co-CEO of the company, effective February 1, 2023.
Jan 24, 2023 08:15 am ET
Mynaric Signs Order from WARPSPACE for CONDOR Terminals and Marks First Sale in Japanese Space Industry
CONDOR Mk3 terminals to be used to establish an optical data relay network for LEO satellites
Jan 16, 2023 03:00 am ET
Mynaric Reports on Key Performance Indicators for 2022
MUNICH, GERMANY / ACCESSWIRE / January 16, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today reported on key performance indicators for the year ending December 31, 2022.
Jan 09, 2023 02:20 am ET
Mynaric Wins New Customer with Order Volume of Around $24 Million
LOS ANGELES, CA / ACCESSWIRE / January 9, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) has today entered into a definitive agreement with a new, undisclosed U.S.-based customer for the delivery of CONDOR Mk3 optical communication terminals. The order has a value of around $24 million, foresees payment milestones in the first and second half of 2023 and product deliveries in the second half of 2023.
Nov 28, 2022 03:00 am ET
Mynaric Delivers HAWK Terminals to New Commercial U.S.-Based Energy Customer
US-based commercial energy customer using air-to-ground terminals to explore disaster recovery use cases for laser communications
Nov 21, 2022 03:00 am ET
Mynaric Applauds European Union's Agreement to Build Sovereign Satellite Constellation
Emerging companies to build 30% of infrastructure; EU plans to spend 2.4 billion euros on network with additional investments expected from European Space Agency and private sources.
Nov 03, 2022 09:10 am ET
Mynaric Announces Management Participation in Q4 2022 Investor Conferences
MUNICH, GERMANY / ACCESSWIRE / November 3, 2022 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) today announced that management will participate in the following investor conferences during the fourth quarter of 2022:
Oct 31, 2022 01:00 pm ET
Mynaric Releases First Half 2022 Financial Results
MUNICH, GERMANY / ACCESSWIRE / October 31, 2022 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) today reported financial results for the first half of 2022 for the period ending June 30, 2022. The first half 2022 report can be downloaded from the Investor Relations section of mynaric.com at https://mynaric.com/investor-relations/overview/.
Oct 25, 2022 08:55 am ET
Mynaric Announces Date of First Half 2022 Financial Results and Provides Full-Year 2022 Guidance Update
MUNICH, GERMANY / ACCESSWIRE / October 25, 2022 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) today announced a full-year 2022 guidance update for its key financial metrics. In addition, Mynaric has scheduled a conference call and webcast to discuss its preliminary first half 2022 financial results for the period ending June 30, 2022.
Oct 25, 2022 08:50 am ET
Mynaric Announces Full-Year 2022 Guidance Update
MUNICH, GERMANY / ACCESSWIRE / October 25, 2022 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) today announced a full-year 2022 guidance update for its key financial metrics:
Oct 18, 2022 08:20 am ET
Mynaric to Provide Optical Communications Terminals to Northrop Grumman as Part of the Space Development Agency’s Tranche 1 Tracking Layer Program
LOS ANGELES, CA / ACCESSWIRE / October 18, 2022 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced it will provide Northrop Grumman with optical communications terminals for 14 satellites as part of the Space Development Agency's (SDA) Tranche 1 Tracking Layer program. Each satellite will feature a wide field-of-view infrared sensor, three optical communications terminals, and a Ka-band payload for communications. Mynaric will supply 42
Aug 18, 2022 08:40 am ET
Mynaric Hires Veteran Laser Communications Executive Mustafa Veziroglu as President of Mynaric
Mustafa Veziroglu assumes operational responsibilities for development and scalable production of Mynaric's laser communications products.
Aug 10, 2022 10:45 am ET
Mynaric Selected for Next Phase of DARPA Program
Phase 1 Goal to Develop Benchtop Model of Next-Generation Optical Communications Terminal for Proliferated Space Domain
Aug 03, 2022 03:00 am ET
Mynaric Announces Participation in Upcoming Jefferies Industrials Conference and Canaccord Genuity 42nd Annual Growth Conference
MUNICH, GERMANY / ACCESSWIRE / August 3, 2022 / Mynaric (NASDAQ:MYNA)(FRA:M0Y) today announced that management will participate in the following investor conferences during the month of August. The presentations will be in a fireside chat format and webcast for the public. Interested parties can find further information regarding the webcast of these events on Mynaric's Investor Relations website at www.mynaric.com/investor-relations/calendar/.
Jul 05, 2022 09:35 pm ET
Mynaric Signs L3Harris as Strategic Investor and Intensifies Collaboration
MUNICH, GERMANY and MELBOURNE, FL / ACCESSWIRE / July 5, 2022 / Mynaric (NASDAQ:MYNA)(FRA:M0Y) and L3Harris (LHX) today signed agreements related to an investment in Mynaric by L3Harris and to future collaboration. With the strategic investment, the companies seek to build on their existing collaboration in the airborne domain and widen the scope to cover all domains including space, air, maritime and ground. Pursuant to the agreements, L3Harris will invest approximately EUR 11.2 million by means of a capital increase from authorized capital (under exclusion of subscription ri
Jul 05, 2022 07:20 pm ET
Mynaric Resolves on Capital Increase From Authorized Capital With the New Shares Being Subscribed by L3Harris
GILCHING, GERMANY / ACCESSWIRE / July 5, 2022 / The management board of Mynaric AG (the "Company") today resolved, with the approval of the supervisory board, to increase the Company's share capital from EUR 5,242,948.00 to EUR 5,652,242.00 by issuing 409,294 new ordinary bearer shares by partially utilizing the Authorized Capital 2021/I and with the exclusion of the shareholders' subscription rights. The new shares issued in the capital increase, which correspond to approximately 7.2% of the Company's share capital, were fully subscribed by L3Harris. The placement p
Jun 14, 2022 10:20 am ET
Mynaric Acts as Sole Laser Communication Supplier for Northrop Grumman as Part of Milestone U.S. Government Program
In March 2022, Mynaric Received Largest Order of Optical Communications Terminals to Date in the Framework of the Space Development Agency's Tranche 1 Transport Layer Program
May 12, 2022 09:25 am ET
Mynaric and Airbus U.S. Space & Defense, Inc. Sign Contract for Laser Communication Demonstration on ISS Bartolomeo Platform
Airbus's payload hosting platform to demonstrate Mynaric's laser communication product on the International Space Station
Apr 28, 2022 12:00 pm ET
Mynaric releases FY21 shareholder letter and hosts virtual analyst and investor day
MUNICH, GERMANY / ACCESSWIRE / April 28, 2022 / Mynaric (NASDAQ:MYNA) (FRA:M0Y) has today published its full-year 2021 letter to shareholders, highlighting the company's progress on serial optical communications terminal production, its success with new and existing customers, outlook for 2022 and preliminary financial results for FY21.
Apr 03, 2022 06:00 am ET
Mynaric Announces New Date for FY21 Business Update, Publication of Full FY21 Financial Results and Analyst and Investor Day
MUNICH, GERMANY / ACCESSWIRE / April 3, 2022 / Mynaric (NASDAQ:MYNA)(FRA:M0Y) today announced that its upcoming FY21 business update will be rescheduled because the management team is still recovering from an illness. Due to the same reasons Mynaric will also have smaller than planned management representation at the upcoming 37th Space Symposium in Colorado Springs, Colo., between April 4 and April 7.
Mar 26, 2022 06:00 am ET
Mynaric Announces New Date of FY21 Business Update
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.
Mar 21, 2022 04:15 pm ET
Mynaric Receives $36 Million Order from Northrop Grumman
LOS ANGELES, CA / ACCESSWIRE / March 21, 2022 / Mynaric (NASDAQ:MYNA)(FRA:M0Y) has today entered into a definitive agreement with Northrop Grumman for delivery of optical communication terminals in the framework of a U.S. government space program led by the Space Development Agency. The contract with an initial value of $36 million foresees payment milestones throughout 2022, 2023 and 2024 and product deliveries mostly in 2023 and 2024.
Mar 21, 2022 09:20 am ET
Mynaric Exhibiting, Presenting and Holding Live Demo at SATELLITE 2022
LOS ANGELES, CA / ACCESSWIRE / March 21, 2022 / Mynaric will exhibit at SATELLITE 2022 from March 21-24, showcasing a public product demonstration of our HAWK Optical Communication Terminal for the first time. Located in Exhibit Hall A & B-Booth 849, Mynaric leadership and sales teams will be available to discuss laser communication solutions for space, aerospace and ground applications. Leadership will also be actively involved in thought leadership panels throughout the sho
Mar 11, 2022 11:30 am ET
Mynaric Announces Date of FY21 Business Update and Crowdsources Questions
MUNICH, GERMANY / ACCESSWIRE / March 11, 2022 / Mynaric (NASDAQ:MYNA)(FRA:M0Y) today announced it plans to publish its FY21 business update, including selected key figures of the preliminary financial results FY21 and other key information by means of a shareholder letter on Monday, March 28, 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 my
Feb 22, 2022 11:15 am ET
Mynaric CCO Tina Ghataore Nominated for Via Satellite's Satellite Executive of the Year Honor
Industry's Most Prestigious Award Recognizes Excellence in the Global Satellite and Space Communities, Voting Open Now
Dec 15, 2021 10:15 am ET
Mynaric Receives 2021 Pioneer Space Business Award of the Year from Euroconsult
PARIS, FRANCE / ACCESSWIRE / December 15, 2021 / Mynaric, a leader in laser communication for space applications, received the 2021 Pioneer Space Business Award of the Year at this year's World Satellite Business Week Summit sponsored by Euroconsult.
Nov 21, 2021 07:15 am ET
Mynaric Announces Closing of Public Offering in the United States
GILCHING, GERMANY / ACCESSWIRE / November 21, 2021 / Mynaric AG (NASDAQ:MYNA)(Frankfurt Stock Exchange:M0Y) announced today the closing of its public offering on November 16, 2021 in the United States of 4,000,000 American Depositary Shares ("ADSs"). Every four (4) ADSs represent one (1) ordinary share of Mynaric. All ADSs sold in the public offering were offered by Mynaric at a public offering price of USD 16.50 per ADS.
Nov 12, 2021 02:15 pm ET
Mynaric has Announced Pricing of Initial Public Offering in the United States
NEW YORK, NY / ACCESSWIRE / November 12, 2021 / Mynaric AG, a leading developer and manufacturer of high-speed and high-security laser communication products for air and spaceborne applications in government and commercial markets, today announced the pricing of its initial public offering of 4,000,000 American Depositary Shares (the "ADSs"), representing 1,000,000 ordinary bearer shares at a public offering price of $16.50 per ADS. In addition, Mynaric has granted the underwriters a 30-day option to purchase up to an additional 600,000 ADSs at the initial pub
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