Momentus Inc (MNTS)

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Momentus is planning for future missions and expects to fly Vigoride 7 in March 2024. The company has contracted to support seven customers for orbital delivery services and two customers for hosted payload services on this mission. The M-1000 satellite bus, a new product offering…

In terms of financials, Momentus had $9.8 million in cash and $5.7 million in gross debt at the end of Q3 2023. The company recognized $0.34 million in revenue in Q3 2023 and had operating expenses of $15.3 million. They have taken steps to manage their burn rate and extended their cash runway. They raised $16.9 million in gross proceeds through various offerings. Momentus is pursuing strategic partnerships and evaluating potential transactions.