MYNA - Mynaric updates raises FY guidance; stock falls 21% before the bell
- Mynaric ( NASDAQ: MYNA ) on Tuesday raised its full-year guidance for optical communications terminal backlog to over 250 units, driven by strong traction and recent program wins, particularly in the govt. market.
- Shares of Mynaric ( MYNA ) dropped 21.3% before the bell in low volumes on Tuesday.
- The company's earlier outlook was more than 220 units by the end of 2022.
- Mynaric ( MYNA ) reiterated its forecast of over €20M cash-in from customer contracts in 2022.
- The firm will release its preliminary H1 2022 results on Oct. 31.
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Mynaric updates raises FY guidance; stock falls 21% before the bell