Mynaric cuts 2024 revenue forecast due to supply chain delays in laser communication terminals.
Mynaric, a company specializing in laser communication networks, has lowered its 2024 revenue guidance to €14.1 million from €16.0 to €24.0 million due to delays in shipping CONDOR Mk3 terminals caused by supplier component shortages. The optical communications terminal backlog is now expected to be 787 units, down from 800 to 1,000 units, due to contract timing shifts into 2025. Operating loss and cash-in from customer contracts remain unchanged.
3 months ago
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