Mynaric Expects 2024 IFRS-15 Revenue Of €16M-€24M (Prior €50M-€70M), Operating Loss Of €55M-€50M (Prior €40M-€30M)
Portfolio Pulse from Benzinga Newsdesk
Mynaric AG has revised its 2024 financial guidance, significantly lowering expected revenue and increasing projected operating losses due to production delays and component shortages.
August 20, 2024 | 8:18 am
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Mynaric AG has significantly lowered its 2024 revenue guidance to €16M-€24M from €50M-€70M and increased its expected operating loss to €55M-€50M from €40M-€30M. This is due to production delays and component shortages.
The significant reduction in revenue guidance and increase in expected operating losses are likely to negatively impact Mynaric's stock price in the short term. The production delays and component shortages indicate operational challenges that could affect investor confidence.
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