Momentus Q2 revenue $1.7M (3,310% YoY); engages Deutsche Bank for strategic alternatives

Momentus Inc.

2023-Q2 EPS reported -$0.43 vs consensus -$2166.63 ▲ beat (+100.0%)

Q2 2023 revenue $1.7M, up 3,310% YoY; first million-dollar quarter for the company.
Engaged Deutsche Bank as financial advisor to raise capital and evaluate strategic alternatives.
Signed SDA contract ($746K initial) to tailor Vigoride/M-1000 bus; expects $1.2M addition.
Submitted bid as prime for SDA Tranche 2 Transport Layer (50 satellites); next mission on SpaceX Transporter-9 no earlier than Nov 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Momentus Inc. reported second quarter of 2023 results: revenue $1.7 million.

Period: second quarter of 2023
Revenue: $1.7 million
Result: reported results

Exact text from the filing

“The second quarter marks our first million-dollar quarter with the successful deployment of commercial customers from our Vigoride-6 mission contributing to the recognition of $1.7 million in revenue,” said Momentus Chief Executive Officer John Rood. “We continue to build interest with customers, particularly in the Department of Defense, and we recently signed a

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Momentus Inc. filing history →

Source: SEC EDGAR

accession 0001781162-23-000040

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