Mynaric AG Sponsored ADR (MYNAY) AI Stock Analysis

• Market Cap: $11.90M
• Dividend Yield: N/A
• Average Volume (3M): 1.45K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.36
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 314
• Sector: Technology
• Sector Strength: 79
• Industry: Hardware & Equipment
• EPS (TTM): -4.15
• Shares Outstanding: 25,273,289
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 1,454
• PEG Ratio: -0.02
• Price to Book (P/B): -0.65
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.94
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 30 Underperform
• Price Target: ―

Mynaric AG's overall stock score is significantly hampered by its poor financial performance, marked by persistent losses and negative equity. While technical indicators confirm a bearish outlook, the lack of profitability severely impacts the valuation. The absence of positive earnings call data or corporate events further detracts from potential upside.

Mynaric AG Sponsored ADR Business Overview & Revenue Model

Company Description

Mynaric AG Sponsored ADR (MYNA) is a pioneering company in the aerospace and defense sector, specializing in laser communication technology. The company develops and manufactures advanced laser communication products, including terminals and subsystems, designed to facilitate high-speed data transmission for aerospace communication networks. Mynaric's solutions are integral to enabling secure and efficient communication for applications such as satellite constellations, aerial platforms, and other aerospace communication networks.

How the Company Makes Money

Mynaric generates revenue primarily through the sale of its laser communication products, which include laser terminals and related subsystems. These products are sold to various clients in the aerospace and defense industry, including government agencies, satellite operators, and aerospace companies. The company also engages in strategic partnerships and collaborations with other key players in the industry to expand its market reach and enhance its product offerings. Revenue is further supported by contracts and agreements for the development and deployment of communication networks, as well as potential service offerings related to the maintenance and operation of these systems.

Mynaric AG Sponsored ADR Financial Statement Overview

Summary

Mynaric AG's financial performance presents several challenges. Despite revenue growth, the company faces persistent losses and high operational costs. The negative equity and cash flow issues further highlight the financial instability. Immediate strategic actions are needed to improve operational efficiency and financial health.

Income Statement

Mynaric AG shows a consistent growth in revenue from 2019 to 2023, with a notable increase in 2023. However, the company has been unable to achieve profitability, as evidenced by significant negative margins: gross profit margin, EBIT margin, EBITDA margin, and net profit margin are all negative. This indicates substantial production costs and operating inefficiencies.

Balance Sheet

The balance sheet reveals a negative stockholders' equity in 2023, indicating financial instability and potential risk. The debt-to-equity ratio cannot be computed due to negative equity. Furthermore, the company's equity ratio has deteriorated over the years, suggesting increasing reliance on liabilities to finance operations.

Cash Flow

Mynaric AG has shown some improvement in free cash flow from 2022 to 2023, but overall cash flow from operations remains negative, indicating ongoing struggles to generate cash from core activities. The operating cash flow to net income ratio also suggests inefficiencies in converting income into cash.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
5.39M	4.42M	2.35M	679.00K	114.00K
	Gross Profit
-11.34M	-52.55M	-30.97M	-15.32M	-2.78M
	EBIT
-79.16M	-74.64M	-42.80M	-20.67M	-10.08M
	EBITDA
-71.08M	-68.18M	-40.37M	-17.93M	-8.78M
	Net Income Common Stockholders
-93.53M	-73.78M	-45.48M	-20.64M	-9.90M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
23.96M	10.41M	48.14M	43.20M	9.70M
	Total Assets
119.09M	83.90M	111.70M	91.53M	31.57M
	Total Debt
88.06M	22.05M	9.03M	7.96M	6.74M
	Net Debt
64.10M	11.81M	-39.12M	-35.24M	-2.17M
	Total Liabilities
168.37M	56.10M	26.79M	20.82M	9.84M
	Stockholders Equity
-49.29M	27.79M	84.91M	70.71M	21.74M
Cash Flow		Free Cash Flow
-33.91M	-61.76M	-52.77M	-32.42M	-10.21M
	Operating Cash Flow
-28.98M	-50.46M	-41.81M	-17.41M	-8.32M
	Investing Cash Flow
-4.59M	-11.70M	-10.96M	-15.01M	-7.16M
	Financing Cash Flow
47.09M	22.21M	57.18M	66.81M	11.46M

Mynaric AG Sponsored ADR Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MYNAY, the sentiment is Negative. The current price of 0.2 is above the 20-day moving average (MA) of 0.20, below the 50-day MA of 0.21, and below the 200-day MA of 0.64, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.51 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MYNAY.

Mynaric AG Sponsored ADR Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IRDM	78 Outperform	$3.16B	26.90	18.01%	1.92%	6.64%	403.10%
Sector *	62 Neutral	$11.97B	10.08	-7.46%	2.96%	7.37%	-8.22%
SIRI	58 Neutral	$7.40B	―	-37.30%	5.07%	-4.08%	-248.39%
VSAT	56 Neutral	$1.49B	―	-12.00%	―	19.02%	76.67%
ASTS	54 Neutral	$11.97B	―	-88.95%	―	―	-85.21%
SATS	40 Underperform	$4.96B	―	-1.08%	―	-23.85%	88.39%
MYNAY	30 Underperform	$11.90M	―		―	―	―