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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?
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