PARIS — Space- and airborne optical communications terminal builder Mynaric AG said it had 211 terminals in backlog as of April 28 compared to 40 at the end of 2021.
But continued investment in scaling its production capability means it will not become cash-flow positive until 2023 at the earliest.
Mynaric’s business thesis, which the company said is working out so far, is that if it builds volume production facilities to lower unit cost, customers will follow.
Mynaric Chief Executive Builent Altan said Mynaric . . .
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