EQS-Adhoc: Mynaric announces full-year 2022 guidance update

MUNICH, Germany, 25 October 2022 Mynaric (NASDAQ: MYNA)(FRA: M0YN) today announced a full-year 2022 guidance update for its key financial metrics:

• Optical Communications Terminal Backlog: the company now expects more than 250 units in backlog by the end of 2022 compared to the previously communicated guidance of more than 220 units. The guidance is increased due to strong traction and program wins particularly in the government market.
• Cash-In from Customer Contracts: the company reiterates its full-year 2022 guidance of expected more than EUR 20 million cash-in from customer contracts.

Optical communications terminal backlog represents the quantity of all open optical communications terminal deliverables in the context of signed customer programs at the end of a reporting period. Cash-In from Customer Contracts includes payments from customers under purchase orders and other signed agreements, including accrued payment milestones under customer programs. Further explanations about how Mynaric uses these metrics can be found in Mynarics Annual Report 2021, which has been published on Mynarics investor relations website.

Other full-year 2022 guidance metrics were updated as follows:

• IFRS-15 revenue: Considering supply chain constraints negatively impacting previously expected HAWK product deliveries and push-outs in customer program delivery schedules the company now expects IFRS-15 revenues to stay around 2021 levels (previous guidance: significant increase). 
• Operating loss: Considering the lower than initially expected IFRS-15 revenues the company now expects a significantly higher operating loss for the full year than 2021 (previous guidance: moderate decrease). 

Mynaric will host a conference call and webcast to discuss its first half 2022 financial results for the period ending June 30, 2022 on Oct 31, 2022 details about which can be found on Mynarics website.

Forward-Looking Statement

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