Momentus Q3 2023: $16.9M raised, six new contracts, Vigoride-7 launch NET Mar 2024

Momentus Inc.

2023-Q3 EPS reported -$28.45 vs consensus -$1807.23 ▲ beat (+98.4%)

Raised ~$16.9M from direct offerings and warrant exercises in Sep-Nov 2023; $9M Sep 11 offering, $6.5M Nov 9 exercise.
Signed six contracts: C3S (2025), Aarhus (2024), FOSSA hosted payload (2024), RIDE! Space (first Senegalese/Djibouti sats), SatRev (Q1 2024), AVS (Q1 2024).
Vigoride-7 vibration test complete; launch NET Mar 2024 with 7 delivery & 2 hosted payload customers. Will demo rendezvous & proximity ops.
MET thruster: ~230 min firing, ~6.5 km orbital raises. TASSA solar array patent approved; testing met majority of performance requirements.
Started SDA SBIR work for M-1000/Vigoride; submitted bid for SDA Tranche 2 Tracking Layer to produce 18 missile-tracking satellites.

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 0.9

Momentus Inc. reported financial results for third quarter of 2023.

Period: third quarter of 2023
Result: reported results

Exact text from the filing

Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced its financial results for the third quarter of 2023.

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

Momentus Inc. filing history →

Source: SEC EDGAR

accession 0001781162-23-000057

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.