Satellite lasercom terminal builder Mynaric: This year is when we ramp deliveries; EBITDA-positive by year’s end

by Peter B. de Selding

LA PLATA, Maryland — Space- and air-based laser communications terminal manufacturer Mynaric AG reported an operating loss of 79.2 million euros ($87.4 million in 2023 on revenue of 5.4 million euros and said the second half of this year would see backlog turned into a sharp increase in revenue and a positive EBITDA.

Munich-based Mynaric said it had an order backlog of 794 terminals as of Dec. 31, compared to 256 a year earlier. As of June 20, the company said backlog had increased to 829 net . . .

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