MOMENTUS INC C/WTS 15/05/2026 (TO PUR COM) | 10-Q: FY2025 Q2 Revenue: USD 191 K
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2025 Q2, the actual value is USD 191 K.
EPS: As of FY2025 Q2, the actual value is USD -1.23.
EBIT: As of FY2025 Q2, the actual value is USD -5.944 M.
Segment Revenue
- Service Revenue: $0.2 million for the three months ended June 30, 2025, and $0.5 million for the six months ended June 30, 2025, primarily from engineering services for U.S. government and engineering project services.
Operational Metrics
- Net Loss: $6.5 million for the three months ended June 30, 2025, and $12.6 million for the six months ended June 30, 2025.
- Gross Profit: $0.2 million for the three months ended June 30, 2025, and $0.5 million for the six months ended June 30, 2025.
- Research and Development Expenses: $2.2 million for the three months ended June 30, 2025, and $4.1 million for the six months ended June 30, 2025, reflecting a decrease from the prior year periods.
- Selling, General and Administrative Expenses: $3.9 million for the three months ended June 30, 2025, and $8.5 million for the six months ended June 30, 2025, also showing a decrease from the prior year periods.
Cash Flow
- Net Cash Used in Operating Activities: -$7.4 million for the six months ended June 30, 2025.
- Net Cash Provided by Financing Activities: $6.0 million for the six months ended June 30, 2025, primarily due to proceeds from equity offerings and loans.
Future Outlook and Strategy
- Core Business Focus: Momentus plans to continue developing its satellite and satellite bus offerings, particularly the M-1000 satellite bus, which is based on the Vigoride OSV and has substantial commonality. The company aims to expand its market presence in both commercial and U.S. government sectors.
- Non-Core Business: The company is exploring additional services beyond transportation and hosted payloads, such as on-orbit satellite refueling and maintenance, to capitalize on the growing demand for satellite constellations and related services.
- Priority: Momentus is focused on raising additional capital to fund its operations and achieve profitability, as current cash levels are insufficient to support its business plan.
