Key 2022 and 2023 Highlights
- Optical Communications Terminal Backlog at December 31, 2022 of 256 units (40 units as of December 31, 2021) and 348 as of April 27, 2023
- Cash-in from Customer Contracts of EUR 18.3 million in 2022 (EUR 3.9 million as of 2021) exclusive of approximately EUR 11 million invoiced in December 2022 and received in January 2023. EUR 18.8 million received in 2023 to date as of April 27, 2023
- Multiple wins with Northrop Grumman for CONDOR Mk3 terminals, key contract with DARPA and a contract with commercial U.S.-based energy customer for HAWK terminals all signed in 2022
- L3Harris strategic partnership agreement and equity ownership stake
- Subsequent wins with an unnamed U.S.-based customer for CONDOR Mk3 Terminals, Japan-based WARPSPACE and selected by German government for multiple projects to develop quantum communication capabilities
- Raised EUR 80.6 million growth capital in April 2023 via a $75 million 5-year term loan debt and equity issuance to U.S.-based global investment management firm
“With the recent closing of our new credit facility and equity investment, we have the capital needed to support our near-to-medium term delivery commitments and we are well-positioned to capitalize on the long-term opportunity for laser communications we see ahead of us” said Stefan Berndt von-Bülow, CFO of Mynaric.
Outlook
Mynaric is providing the following key performance indicators outlook for 2023:
- A significant increase in Optical Communications Terminal Backlog compared to 2022 year-end level
- A significant increase in Cash-in from Customer Contracts compared to 2022 results
