Good day, and thank you for standing by, and welcome to Mynaric's 2023 Half Year Results Conference Call. After the speaker's presentation, there'll be a question and answer session. To ask a question during this session, you will need to press star one one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star one one again. Please be advised that today's conference is being recorded. I would like to introduce your host for today's conference, Tom Dinges, VP Investor Relations. Please go ahead. Thank you, operator. Welcome everyone to Mynaric's Half Year 2023 Results Webcast Call. Prior to this call, we released our half year 2023 results, which are available for download on the investor relations section of mynaric.com. Before we begin today's formal presentation and remarks, I must remind you that this presentation and oral statements regarding the subjects of this presentation include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements other than statements of historical or current facts contained in this presentation are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties, and assumptions that are difficult to predict or are beyond our control, and actual results may differ materially from those expected or implied as forward-looking statements. The forward-looking statements included in this presentation are made only as of the date hereof. Neither we nor any other person undertakes any obligation to update any forward-looking statement to reflect events or circumstances after the date of this presentation or otherwise. This presentation may include certain financial measures not presented in accordance with IFRS. Such financial measures are not measures of financial performance in accordance with IFRS, and may exclude items that are significant in understanding and assessing our financial results. Therefore, these measures should not be considered in isolation or as an alternative to loss for the period or other measures of profitability, liquidity, or performance under IFRS. With that out of the way, we have a great agenda for you today. We will begin with opening remarks by Mustafa. Following that, Stefan will discuss our half year 2023 financial results and our outlook for 2023. Following the formal presentation, we will take questions from analysts. We anticipate this call will last no more than one hour. On the call today are Mynaric's CEO, Mustafa Veziroglu, and Mynaric's CFO, Stefan Berndt-von Bülow. With that, it's my pleasure to turn the call over to Mustafa for his opening remarks. Mustafa? Thank you, Tom. Mynaric reported solid results for the first half of 2023 as we prepare for significantly higher production level over the coming months. Our order, momentum, and funnel of new opportunities remain strong. We reported another strong increase in order backlog in terms of optical communication terminals, which at the end of June stood at 370. Additionally, our cash in from customer contracts in the first half of 2023 is larger than what we had reported for all of last year. We remain disciplined in our investment strategy to support the future growth of the business, and our pipeline of opportunities remain the highest in our history. Across both the commercial and government sectors, we see operators moving past the design and development stage and are actively selecting suppliers to formally launch their constellation over the coming years. Some, like the Space Development Agency, are now well into their deployment phase on their initial Tranche 0 awards. SDA has completed all the announcements for Tranche 1 awards and are now starting to announce the satellite providers for their initial phases of Tranche 2. We expect to hear more Tranche 2 awards to the satellite providers in the coming months. Following the satellite build awards, the satellite vendors will select their key subsystem providers, such as those, like Mynaric, supplying the optical communication terminals. On the commercial side, there are a number of significant opportunities that are moving into RFP stage. Some of those are very large mega constellation, while others are smaller, more regionally focused and specific use case focused. Specifically, you've seen two major developments within the mega constellations as Rivada selected Terran Orbital and Telesat selected MDA as their satellite provider. Following the selection of the satellite provider, we would expect for the satellite provider to select key subsystem providers over the coming months. We've also seen continued developments on the IRIS² constellation for Europe, as the bids for the technical specifications are starting to develop, while major funding has been approved. The team has worked hard to ensure we are in position to meet the needs of these significant programs as they look to make their final selections over the coming months. Taking a quick look back since the start of the year, we've announced a number of key awards that we believe position us well for the future awards. As we have said many times in the past, successful execution and incumbency are powerful predictors of future success in our industry. The awards announced this year include multiple awards in support of the SDA's Proliferated Warfighter Space Architecture with key customers such as L3 Federal and most recently, Raytheon, which when added to the previously announced awards with Northrop Grumman, we believe gives us a high market share within this program. We are extremely proud to support this program. In addition, we secured our first award in the Japanese space market. We also signed a definitive agreement for a $24 million award with a new, undisclosed U.S.-based customer for the delivery of CONDOR Mk3 optical communication terminals. Finally, we've received two separate awards for the development of ground-based terminals. One in support of Germany's QNet initiative related to quantum key distribution. The other award is a direct award from the U.S. SDA to develop and test connections between space-based and ground-based terminals. Also, in the first half of this year, we delivered multiple development units to multiple primes for the SDA interoperability testing. We're executing on our plan to begin the terminal deliver, deliveries in the coming months and throughout the next year. We anticipate we should have our first terminals in space in the second half of 2024, based on our customer's current launch schedule. As we stated on our full 2022 results call in April, we're focused on continuing to improve our operational excellence. This focus remains on three main areas, including production readiness, continuous process improvements, and streamlining the product development process. As sole CEO, my focus continues to be in those areas, while also keeping a keen eye on the long-term strategic needs of the company. This includes ensuring that we have all the resources we need to capitalize on the tremendous multi-year opportunities we see ahead of us. The team has continued to make great strides to ensure we're ready to handle serial production. This includes building pre-serial production units, verifying our assumptions about takt times involved in the different manufacturing and assembly steps, and ensuring that our data systems are ready for the demanding requirements of complex airspace systems production documentation. In addition, we've accelerated our hiring plans to ensure we have the necessary levels of operations personnel needed to support the current and any additional near-term orders. I can tell you we're well prepared for the opportunity ahead, and I believe we have the right team with the right products and the right operational structure and capacity to capitalize on this opportunity. With that, let me turn it over to Stefan to walk you through our results in more detail. Stefan? Thank you, Mustafa. Let's turn to our results for the half year 2020. First, turn to two key business measures that we believe will continue to best demonstrate the momentum we are seeing in the business. First, cash in from customer contracts. This is a key forward-looking predictor for, of revenue, as the cash is only received as we meet contractual milestones. There is typically a lag between when cash is received from customer contracts and when shipments are made. This varies depending on contract terms. As a reminder, these are contractual payments received when certain milestones are met, but full delivery and acceptance has not been reached. In essence, this is pre-revenue cash received, and we believe a very significant indicator of the future revenue of the company. As Mustafa said, cash in from customer contracts for the first half of 2023 was EUR 23.0 million, which is greater than the EUR 18.3 million we reported for all of 2022, and up very, very nicely from the EUR 7.9 million we reported in the first half of 2022. Second, optical communication terminal backlog in units at the half year was 370 units, compared to 256 units at year-end, and up from 211 units at the half year, 2022. As a reminder, our current terminal backlog is heavily weighted towards government-funded contracts, including programs with the SDA. We continue to see a strong and steady pipeline of opportunities for all terminal products across both government and commercial markets. Let's look at a few other figures before opening the call for questions. Revenue was EUR 4.4 million for the half year, 2023, compared to EUR 4.4 million for all of 2022. In the year ago period, we reported a very small amount of service revenue. Revenue in the first half of 2023 was driven by terminal shipments to multiple customers, as well as service revenue. Our current contractually committed optical communication terminal backlog, primarily consisting of CONDOR Mk3 products, mostly foresees scheduled shipments starting over the coming months of 2023, throughout 2024, and into the first half of 2025. Cost of materials decreased by more than 52% compared to the year ago period, driven by reduced costs for finalizing the development and testing of our products, as well as production line testing. Raw materials and consumables used included a write-down of EUR 671 thousand for the half year 2023. As our production rate increases substantially over the coming months and into next year, we expect our cost of material to increase. Personnel costs increased 8% compared to the year-ago level, as we continue to add talent and capabilities to our team, but at a much slower pace than we reported in the prior periods. This is in line with that we discussed this year in April during our full year 2022 Results Call. Currently, our total headcount is similar to the level we reported at end year 2022, at around 300 employees. Looking ahead, we expect to continue to add to our operation headcount as we look to support high level of production, which we've discussed with you previously. We are taking a disciplined approach to adding other operating expenses. We feel comfortable with the overall investment in engineering. We believe the growth rate in personnel expenses over the near term should remain near the first half level. Overall, the company reported an operating loss of EUR 28.3 million for the half year 2023, compared to an operating loss of EUR 34.9 million for the half year 2022. The more than EUR 6 million reduction in our half year reporting loss was the result of higher revenue, decreased costs for production development, set up and testing of production capacities, and other cost reductions. Compared to the first half of last year, we reported higher personnel costs as we continue to add headcount to support our production ramp. This increase was partially offset by lower other operating costs, specifically our insurance costs. Now, let's turn to a view, to a few key balance sheet figures. Our cash balance at the end of June 2023 was more than EUR 47 million, compared to EUR 10.2 million at the end of 2022. This includes the debt and equity raise we concluded this year, as well as the impact from the prepayment of our previous line of credit, along with fees and expenses. We remain in a market-leading mode, and as a pre-break-even company, we expect our cash balance to decrease from today's level through year-end, before stabilizing in late 2024. With our debt and capital raise completed in April, we believe we have a strong balance sheet and are very well positioned to capitalize on the opportunities ahead of us. Inventories were EUR 17.9 million, up from EUR 13.3 million at the end of last year, as we continue to invest in component inventory ahead of the expected ramp in the terminal production over the remainder of this year. Property, land, and equipment were EUR 24.0 million, compared to EUR 22.3 million at year-end 2022. We invested EUR 1.5 million in property, plant, and equipment in the first half of 2023, as compared to EUR 6.4 million in the first half of 2022. We expect our investment in property, plant, and equipment to increase from this level in the second half of 2023, and likely hold at a higher level next year, given the anticipated significant higher rates of production over the coming months and into 2024. Now, let me walk you through our guidance for 2023. For 2023, we continue to expect cash in from customer contracts to increase significantly for the full year 2023. Our cash in from customers in the first half of the year was driven by milestone payments and customer deposits. Over the next 12-18 months, as our production level increases, we expect cash in from customer contracts to be a bit more balanced in terms of deposits and milestone payments, relative to delivery related to receipts. So as we see our shipments start to ramp, cash in from customer contracts will be much more closely correlated to shipments going forward. As noted earlier, we have had a great start to the year in terms of cash in from customer contracts, which year-to-date, cash in earlier already above last year's level, and we see a strong pipeline of cash in based on secured orders and potential opportunities through the end. We expect continued growth in our Optical Communication Terminal backlog by the end of this year, as we expect our year-end 2023 Optical Communication Terminal backlog to increase significantly compared to 2022 level. As a reminder, the backlog is net of shipments, and we have a strong ramp in shipments projected for the coming months and into next year. Additions to the year-end backlog will be a function of our ability to capitalize on a number of opportunities that could close by year-end, and our terminal and our team remains well positioned to capture these. These opportunities are across both the government and the commercial sectors, as well as spanning all- ... our product lines. As a reminder, we define a significant increase as a year-over-year increase of 30% or more. With that, operator, would you please provide the instructions for the question and answer session? Operator. Yes, thank you. As a reminder, to ask a question, please press star one one on your telephone and wait for your name to be announced. To withdraw your question, please press star one one again. Please stand by while we compile the Q&A roster. One moment for our first question. One moment. Our first question comes from Greg Konrad from Jefferies. Your line is now open. Good morning. Maybe just to start, I mean, you mentioned pipelines, the biggest in history. Any metric or thoughts in terms of maybe the number of terminals in the current pipeline or kind of submitted bids? So, in terms of, you're talking about forward-looking statements, right? Uh, correct. Right. So it's obvious we have a lot of identified opportunities, but I'm not sure it would be. You can really comment specifically on the timing or the opportunities or the probabilities at this point. Then just on the 370 terminals and backlog, I mean, how are you thinking about the cadence of those shipments? You shipped three in H1 and talked about a substantial ramp in the second half, but maybe contractually, I mean, how are you thinking about shipments in H2? Well, I think they're all driven, at the end of the day, by... it's a good question, by the way. It's all driven by, at the end of the day, by the launch schedule for Tranche 2 for Tranche 1 for the primes. And we are working very well with all our prime customers on their schedule needs, and each one has its own variance on time and delivery. So in terms of the ramp on that, obviously, we plan to start shipping in volume this year, and we anticipate the volume of the shipments to continue on over the next 12 months or so. And then maybe just one last one. I mean, you talked about the two ground terminals contracts, and we've seen that contract come for the SDA. When you think about that opportunity, I mean, how does that compare, you know, relative to size, to actual, the terminals themselves versus kind of the ground infrastructure opportunity? So, I mean, from the opportunity size, the biggest opportunity in front of us is in space. However, like any other market, it starts with one and two, and then it blossoms into larger opportunities. So we think there's potentially a significant opportunity. The quantities would not be as large since there isn't as many satellites that will be launched. But there will be a meaningful demand for ground stations, and this would be our first two forays into that market. Thank you. Thank you. If you would like to ask a question, that is star one one. Again, if you would like to ask a question, that is star one one. One moment, while our Q&A compiles. I am showing no further questions. I would now like to turn the call back over to Tom Dinges for closing remarks. Thank you, operator. For further information about our upcoming engagement with the investment community, please visit the Investor Relations section of mynaric.com. Thank you, everyone, who joined us today, and we thank you for your interest in Mynaric. We will speak with you all again when we release full year 2023 financial results. Goodbye for now. This concludes today's conference call. Thank you for participating. You may now disconnect.