Momentus Inc.
1.1900-0.01 (-0.83%)
Oct 29, 4:00:02 PM EDT · NasdaqCM · MNTS · USD
Key Stats
Market Cap
20.46MP/E (TTM)
-Basic EPS (TTM)
-11.28Dividend Yield
0%Recent Filings
8-K
NASA awards Momentus $7.6M contracts
Momentus Inc. secured two NASA contracts totaling $7.6 million in late September 2025, boosting its role in space tech demos. The $5.1 million deal from NASA's Flight Opportunities funds the COSMIC mission on Vigoride for microgravity crystal growth in pharmaceuticals and semiconductors, while the $2.5 million award from Armstrong Flight Research Center tests Juno Propulsion's efficient RDRE thruster in orbit. These wins mark Momentus's sixth recent NASA contract. Yet risks from forward-looking uncertainties loom large.
8-K
ATM stock sales agreement
Momentus Inc. entered a Sales Agreement on September 19, 2025, with A.G.P./Alliance Global Partners to sell up to $7.35 million of Class A common stock via at-the-market offerings. The agent earns a 3.0% commission on gross sales, with customary indemnification. No sales are assured. This bolsters liquidity amid space tech volatility.
8-K
Stockholders approve key proposals
Momentus Inc. stockholders approved all seven proposals at the September 17, 2025 Special Meeting, including a reverse stock split at a 1-for-5 to 1-for-17.85 ratio to boost Nasdaq compliance. Approvals also covered issuances of Class A common stock tied to warrant exercises, convertible notes, and a debt settlement agreement. Votes passed handily, with the reverse split garnering nearly 3 million for shares. This clears hurdles for capital structure tweaks amid liquidity pressures.
8-K
Momentus amends convertible notes
Momentus Inc. amended its secured convertible notes with Space Infrastructures Ventures, extending the October 2024 note's $2.7 million principal maturity to March 1, 2026, with $1.0 million due December 1, 2025, while the July 2024 note's remaining $300,196.32 matures December 1, 2025. Conversion prices dropped to the lower of $1.11 per share or a 10% discount to prior close, floored at $0.20, capped by 4.99% ownership limits and Nasdaq rules. In exchange, Momentus issued warrants for 2,000,000 shares at $1.11 and adjusted existing ones, easing near-term cash pressure but diluting equity. Stockholder approval is targeted by November 8, 2025.
10-Q
Q2 FY2025 results
Momentus posted Q2 revenue of $191K, down 84% y/y from $1.2M, mainly from engineering services for U.S. government programs like DARPA NOM4D, while YTD revenue fell 70% to $513K. Operating loss narrowed 15% y/y to $5.9M, thanks to 23% lower R&D and 26% slimmer SG&A, driven by reduced headcount and stock comp. Net loss improved 8% to $6.5M, or $1.23 per diluted share on 5.2M weighted shares—EPS reconciles without anti-dilution flags. Cash dwindled to $132K from $1.6M at year-end, with $7.4M YTD burn from operations; debt stood at $4.6M current, including SIV convertibles maturing 2025, and $3.1M in customer deposits as contract liabilities. No M&A or non-GAAP metrics disclosed in the 10-Q. Cash stays razor-thin.
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