$Mynaric (MYNA.US)$ anyone has any view on this?

Sean Parker : this would be my guess on the sudden drop.

MUNICH, August 20, 2024– Mynaric AG (NASDAQ: MYNA; ISIN: US62857X1019) (FRA: M0YN; ISIN: DE000A31C305) (the “Company”) has today resolved an update to full-year 2024 guidance published on June 20, 2024, for its key financial performance metrics:
IFRS-15 revenue: the company now expects full-year 2024 IFRS-15 revenue to range between EUR 16.0 million to EUR 24.0 million compared to previous guidance of a range between EUR 50.0 million to EUR 70.0 million. The guidance decrease is due to production delays of CONDOR Mk3 caused by lower than expected production yields and component supplier shortages of key components.
Operating loss: the company now expects full-year 2024 operating loss to range between a loss of EUR 55.0 million to EUR 50.0 million compared to previous guidance of a range between a loss of EUR 40.0 million to EUR 30.0 million. The guidance decrease is mainly driven by the lower than expected revenue and higher than expected production costs due to lower yields.
Cash-In from Customer Contracts(1): the company now expects full-year 2024 guidance to range between EUR 45.0 million to EUR 50.0 million compared to the previously communicated guidance of a range between EUR 65 million to EUR 100 million. The guidance decrease is mainly driven by lower shipments and delays in the program awards relative to previous expectations.

Iwanttolive OP Sean Parker : Thanks for sharing

Sean Parker Iwanttolive OP : i like to look into companies with big losses like this to find the reason. the ones that have no reason with decent earnings and outlook are the ones ill put a little into.

Iwanttolive OP Sean Parker : that is a good strategy bro. I like it

Iwanttolive OP Sean Parker : do you think this stock will hv any future? considering they forecasted a loss?

Sean Parker Iwanttolive OP : to me that huge decrease in what they expect seems bad. that doesnt mean that i wont gain in the long run. some people will look into what they do and buy in just because the stock dropped so much. for me its a little risky, i feel like i would wait a week or two to see if it goes any lower. shorts are probably loading up right now to help drive the price down. i have been wrong plenty of times, so dont hold me to it, thats just my opinion.

Sean Parker Iwanttolive OP : sometimes it may take a week or two to rebound, but they usually do if there isn't any bad press. this was my most recent win from using that strategy.

Iwanttolive OP Sean Parker : I like ur view bro

Sean Parker Iwanttolive OP : its how you catch the trends before they become trends. i look for positive growth outlook, decent earnings, and usually visit there website for any upcoming things. one ive been waiting to pop off is $Fly-E (FLYE.US)$
i cant find any actual reason the price dropped so much. the only think i can come up with is that the ipo investors sold out. which to me is expected, so im holding tight.

Iwanttolive OP Sean Parker : Ya possible