MOMENTUS INC C/WTS 15/05/2026 (TO PUR COM) | 10-Q: FY2025 Q1 Revenue: USD 322 K
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2025 Q1, the actual value is USD 322 K.
EPS: As of FY2025 Q1, the actual value is USD -1.64.
Segment Revenue
- Service Revenue: Momentus Inc. reported service revenue of $0.3 million for the three months ended March 31, 2025, compared to $0.5 million for the same period in 2024, primarily driven by engineering services performed for the Space Development Agency agreement.
Operational Metrics
- Net Loss: The company incurred a net loss of $6.2 million for the three months ended March 31, 2025, compared to a net loss of $8.3 million for the same period in 2024.
- Operating Expenses: Total operating expenses decreased from $8.8 million in the three months ended March 31, 2024, to $6.5 million in the three months ended March 31, 2025, driven by reductions in research and development expenses and selling, general and administrative expenses.
Cash Flow
- Operating Cash Flow: Net cash used in operating activities was $4.2 million for the three months ended March 31, 2025, compared to $5.3 million for the same period in 2024.
- Financing Activities: Net cash provided by financing activities was $6.0 million for the three months ended March 31, 2025, primarily due to proceeds from the February Offering and the March 2025 Warrant Inducement Agreement.
Unique Metrics
- Customer Deposits: As of March 31, 2025, Momentus Inc. had collected approximately $3.0 million in customer deposits, with $0.2 million recorded as non-current contract liabilities.
Future Outlook and Strategy
- Core Business Focus: Momentus Inc. plans to continue refining and operating its corporate infrastructure, pursuing sales and marketing activities, and further developing its satellite technologies. The company anticipates growth in the space transportation segment and aims to expand its offerings to include satellite buses and other satellite-to-satellite services.
- Non-Core Business: The company is actively managing its workforce and seeking regulatory approvals for its operations, while also defending against ongoing litigation.