Workflow
Momentus (MNTS)
icon
Search documents
Momentus (MNTS) - 2022 Q3 - Earnings Call Transcript
2022-11-09 04:22
Financial Data and Key Metrics Changes - Momentus reported a cumulative backlog of approximately $43 million as of October 31, 2022, spanning 19 companies in 14 different countries, reflecting ongoing progress and investments [65] - The total backlog declined by $12 million from $55 million reported in Q2, primarily due to the expiration of options [67] - The company ended Q3 with non-restricted cash and cash equivalents of $82 million, expected to last through the end of 2023 [68] - Revenue recognized during Q3 was $129,000, with gross profits of $115,000, primarily related to the deployment of customer satellites [70] - Operating losses for Q3 were approximately $22 million, with adjusted EBITDA at a negative $16 million, showing a $2 million improvement sequentially from Q2 [71] Business Line Data and Key Metrics Changes - The Vigoride 3 mission has deployed a total of seven out of nine customer satellites, with five additional satellites deployed during Q3 [18][19] - The upcoming Vigoride 5 mission is expected to demonstrate improved capabilities and reliability compared to Vigoride 3, with significant upgrades in design and technology [23][26] Market Data and Key Metrics Changes - The FCC's new rule requiring satellite operators to deorbit satellites within five years post-mission is anticipated to create a multibillion-dollar addressable market for satellite deorbiting services [80] - The space economy is projected to grow from approximately $469 billion today to over $1 trillion by 2040, indicating a favorable market environment for space infrastructure services [54] Company Strategy and Development Direction - Momentus aims to enhance its capabilities in satellite servicing, including rendezvous and proximity operations, and plans to introduce a robotic arm for satellite servicing and deorbiting [78] - The company is focused on reducing operating costs to extend its cash runway and is actively pursuing government contracts to support its R&D efforts [49][51] - Momentus is committed to improving its technology and operational processes to boost investor confidence and position itself as a leading player in the space infrastructure market [15][56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to capitalize on regulatory changes and market opportunities, particularly in satellite deorbiting and servicing [81] - The leadership team highlighted the importance of learning from past missions to enhance the reliability and performance of future spacecraft [100] - The company remains optimistic about its growth prospects, driven by increasing demand for space services and favorable regulatory conditions [54][61] Other Important Information - Momentus has signed contracts with NASA and other entities, marking significant milestones in its efforts to expand into government services [41] - The company is preparing for its next Vigoride launch targeted for December 2022, with ongoing improvements based on lessons learned from previous missions [26][62] Q&A Session Summary Question: Can you discuss the new FCC rule and its implications? - Management noted that the new FCC rule creates significant demand for satellite deorbiting services, which Momentus has been preparing for by investing in relevant capabilities [77][80] Question: What are the implications of changes in SpaceX transporter pricing? - Management indicated that while new pricing structures will affect future costs, existing agreements will not be impacted until 2024, and they plan to pass on costs to customers where possible [82][84] Question: What are customer views on the small rocket segment? - Management observed that customers are looking for more flight heritage from small launch providers, but competition is driving down launch costs, making rideshare options more attractive [90] Question: What lessons were learned from the early Vigoride mission? - Management highlighted the importance of designing for resilience and redundancy, which allowed for the deployment of satellites despite challenges faced during the Vigoride 3 mission [96][100] Question: What are the primary objectives for the Vigoride 5 mission? - The primary objectives include testing the vehicle's performance, learning from any encountered issues, and demonstrating new capabilities, particularly with the hosted payload for Caltech [104][106]
Momentus (MNTS) - 2022 Q3 - Quarterly Report
2022-11-08 23:00
Financial Performance - Total service revenue for Q3 2022 was $129,000, a decrease of 35.5% compared to $200,000 in Q3 2021[16] - Gross margin for Q3 2022 was $115,000, down from $384,000 in Q3 2021, reflecting a significant decline in revenue[16] - Net loss for Q3 2022 was $21,298,000, compared to a net loss of $5,614,000 in Q3 2021, highlighting a worsening financial position[16] - For the nine months ended September 30, 2022, Momentus reported a net loss of $71,004, compared to a net income of $123,384 for the same period in 2021[22] - The net loss for the quarter ending June 30, 2022, was $21,298 thousand, reflecting a decrease from the previous quarter's net loss of $22,872 thousand[18] - The diluted net loss per share for the three months ended September 30, 2022, was $(0.26), compared to $(0.09) for the same period in 2021[187] Assets and Liabilities - Total assets decreased to $108,700,000 as of September 30, 2022, down from $185,825,000 as of December 31, 2021[14] - Total liabilities were $48,809,000 as of September 30, 2022, a decrease from $53,937,000 as of December 31, 2021[14] - The accumulated deficit increased to $279,686,000 as of September 30, 2022, compared to $208,683,000 as of December 31, 2021[14] - The total accrued expenses as of September 30, 2022, amounted to $7.881 million, down from $9.785 million as of December 31, 2021, indicating a reduction of about 19.4%[142] - The Company’s total loan payable as of September 30, 2022, consisted of $18.3 million in gross Term Loan payable and $0.1 million in accrued interest, offset by $2.0 million in unamortized debt discount and issuance costs[151] Research and Development - Research and development expenses increased to $10,571,000 in Q3 2022, compared to $9,047,000 in Q3 2021, indicating ongoing investment in technology[16] - Research and development costs are expensed as incurred, focusing on developing existing and future technologies for the Company's vehicles[96] - Research and development expenses for stock-based compensation were $737,000 for the three months ended September 30, 2022, up from $52,000 in 2021, indicating a significant increase[181] Stock and Equity - Weighted average shares outstanding, basic, increased to 82,066,795 in Q3 2022 from 60,589,566 in Q3 2021, reflecting potential dilution[16] - As of September 30, 2022, the total common stock shares outstanding were 83,984,571, with a total stockholders' equity of $59,891 thousand[18] - The Company issued 1,294,668 common stock shares upon the exercise of stock options during the quarter ending March 31, 2022, generating $345 thousand in additional capital[18] - The Company issued SAFE notes to investors, resulting in aggregate proceeds of $30.9 million during the nine months ended September 30, 2021[143] - The Company entered into an At-the-Market Equity Offering Sales Agreement allowing for the sale of shares of Common Stock up to an aggregate offer price of $50.0 million, with a commission rate of up to 3.0%[169] Operations and Services - Momentus deployed a total of eight customer satellites in low-earth orbit, including five additional satellites during the third quarter of 2022[31] - The company anticipates flying its second Vigoride vehicle to low-earth orbit as early as December 2022, subject to regulatory approvals and successful preparations[33] - The company launched its first demonstration flight of the Vigoride spacecraft (Vigoride 3) on May 25, 2022, successfully deploying two customer satellites[61] - The Company recognized $129 thousand in revenue during the three months ended September 30, 2022, with $28 thousand from forfeited customer deposits and $101 thousand from resolved uncertainties related to its inaugural launch[80] Legal and Compliance - The Company paid a fine of $2 million as part of a settlement with the SEC on July 8, 2021, related to the Registration Statement filed in connection with the Business Combination[196] - The Company is involved in litigation regarding claims of fraudulent inducement and breach of contract, with damages sought exceeding $7.6 million[206] - The NSA imposes compliance costs and restrictions that may adversely affect the Company's operating results, with potential penalties of up to $1,000,000 per breach[202] - Legal expenses incurred by the Company were approximately $0.3 million and $1.6 million for the three and nine months ended September 30, 2022, respectively[203] Future Outlook - The Company has future estimated amortization expenses related to intangible assets totaling $343 thousand, with $12 thousand expected for the remainder of 2022[135] - The total future unconditional purchase obligations as of September 30, 2022, amounted to $19,663,000, with $5,963,000 due in the remainder of 2022 and $13,100,000 in 2023[190] - The Company has an estimated liability of $10.0 million expected to be paid to the Co-Founders, recorded as a reduction of additional paid-in capital as of September 30, 2022[160]
Momentus (MNTS) - 2022 Q2 - Earnings Call Transcript
2022-08-12 04:16
Financial Data and Key Metrics Changes - The company reported a cumulative backlog of approximately $55 million as of July 31, 2022, down from $69 million in the previous quarter due to a contract cancellation by a customer [36] - The company ended Q2 with non-restricted cash and cash equivalents of $109 million, which is expected to last through the end of 2023 [37] - The company recognized $50,000 in revenue and $38,000 in gross profits during the quarter, with a loss from operations of approximately $24 million [37] Business Line Data and Key Metrics Changes - Momentus successfully deployed a total of six customer satellites from the Vigoride 3 vehicle and one from a third-party deployer system, totaling seven satellites deployed [10][22] - The company plans to launch its second Vigoride vehicle on the SpaceX Transporter-6 mission targeted for November 2022, with additional missions planned for early 2023 [27][75] Market Data and Key Metrics Changes - The company is exploring adjacent market segments by offering a lower-cost option alongside Vigoride, which allows it to address diverse customer needs more economically [24] - The small satellite market remains robust, with many new entrants and innovative ideas emerging, despite a tougher funding environment [78] Company Strategy and Development Direction - Momentus is implementing a cost reduction plan to extend its cash runway through the end of 2023, focusing on operational efficiencies and delaying certain R&D projects [27][29] - The company aims to increase its focus on bidding for government programs at NASA and the Department of Defense, identifying significant opportunities for funding [30][49] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's progress, having retired historical regulatory difficulties and successfully launched its first spacecraft [31] - The company is committed to learning from its inaugural mission and implementing corrective actions to ensure future missions are productive [32] Other Important Information - The company has made substantial progress in technology development, including completing ground testing and preparing for future launches [15] - An independent review team confirmed the root causes of anomalies experienced during the Vigoride 3 mission, leading to enhanced testing procedures for future missions [20][65] Q&A Session Summary Question: Can you talk about how you're tracking schedule rides for November? - Management confirmed they are on track for the November launch but noted a tight schedule and potential supply chain challenges [43] Question: Can you provide details on the extended cash runway and revenue assumptions? - Management indicated that the cash on hand should last through the end of 2023 without assuming material revenue from upcoming launches [52] Question: How comfortable is the company with the solar panel issue and the processes behind it? - Management acknowledged the mechanical issue with the solar panels and stated that enhanced test procedures are being implemented to prevent future occurrences [64] Question: Are there specific government programs that could be leveraged for funding? - Management mentioned pursuing opportunities with NASA and the Department of Defense, including proposals for NASA's tipping point and VADR contracts [66][67] Question: What level of launch cadence is needed to generate cash? - Management stated that the next three missions are fully funded with the current cash balance, and they expect customer order activity to increase once flight heritage is established [75]
Momentus (MNTS) - 2022 Q2 - Earnings Call Presentation
2022-08-12 02:19
| --- | --- | --- | --- | --- | --- | |-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-----------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Q2 2022 Business and Financial Highlights | | | | | | | Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly pro ...
Momentus (MNTS) - 2022 Q2 - Quarterly Report
2022-08-11 20:57
Part I - Financial Information [Unaudited Financial Statements](index=5&type=section&id=Item%201.%20Unaudited%20Financial%20Statements) Unaudited financial statements for the period ending June 30, 2022, reflect the inaugural mission and business combination [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to $133.8 million due to cash reduction, with stockholders' equity falling to $82.2 million Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2022 (unaudited) | December 31, 2021 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $109,052 | $160,036 | | Total current assets | $117,574 | $169,664 | | Total assets | $133,774 | $185,825 | | **Liabilities & Stockholders' Equity** | | | | Total current liabilities | $30,704 | $38,867 | | Total liabilities | $51,569 | $53,937 | | Total stockholders' equity | $82,205 | $131,888 | [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The company recognized its first revenue of $50 thousand and reported a net loss of $22.9 million for Q2 2022 Statement of Operations Summary (in thousands, except per share data) | Metric | Q2 2022 | Q2 2021 | Six Months 2022 | Six Months 2021 | | :--- | :--- | :--- | :--- | :--- | | Service revenue | $50 | $— | $50 | $130 | | Gross margin | $38 | $— | $38 | $82 | | Loss from operations | $(23,719) | $(30,534) | $(48,543) | $(54,363) | | Net (loss) income | $(22,872) | $64,327 | $(49,706) | $128,998 | | Net (loss) income per share, basic | $(0.28) | $1.25 | $(0.62) | $2.36 | [Condensed Consolidated Statements of Stockholders' Equity (Deficit)](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders%27%20Equity%20%28Deficit%29) Stockholders' equity declined to $82.2 million, primarily driven by a net loss of $49.7 million for the period Changes in Stockholders' Equity (in thousands) | Description | Six Months Ended June 30, 2022 | | :--- | :--- | | Balance, December 31, 2021 | $131,888 | | Net loss | $(49,706) | | Stock-based compensation | $5,317 | | Other (stock issuance/repurchase) | $466 | | **Balance, June 30, 2022** | **$82,205** | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operations was $45.9 million, contributing to a total cash decrease of $50.2 million Cash Flow Summary (in thousands) | Activity | Six Months Ended June 30, 2022 | Six Months Ended June 30, 2021 | | :--- | :--- | :--- | | Net cash used in operating activities | $(45,943) | $(44,077) | | Net cash used in investing activities | $(945) | $(2,187) | | Net cash (used in) provided by financing activities | $(3,277) | $55,713 | | **(Decrease) Increase in cash** | **$(50,165)** | **$9,449** | [Notes to the Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) Notes detail the Vigoride 3 mission anomalies, legal proceedings, and the National Security Agreement - The inaugural Vigoride 3 mission launched on May 25, 2022, but **experienced anomalies with its deployable solar arrays**, resulting in low power and communication issues; as of July 29, 2022, **7 of 10 customer satellites had been deployed**[24](index=24&type=chunk)[25](index=25&type=chunk)[30](index=30&type=chunk) - The company recognized its **first service revenue of $50,000** in Q2 2022 from a completed performance obligation on the May mission; due to mission anomalies, related deposits of **$133,000 were recorded as deferred revenue**[73](index=73&type=chunk) - The company is subject to several legal proceedings, including a consolidated securities class action lawsuit, a shareholder derivative action, and litigation from a SAFE note investor; it also **settled with the SEC for a $7.0 million penalty**[187](index=187&type=chunk)[191](index=191&type=chunk)[201](index=201&type=chunk) - A National Security Agreement (NSA) with CFIUS led to the **divestment of the co-founders' equity for up to $50 million**; **$40 million was paid** following the Business Combination, with a potential **$10 million contingent payment** remaining, for which a **$5.8 million liability is recorded**[150](index=150&type=chunk)[151](index=151&type=chunk)[153](index=153&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=36&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the inaugural mission's results, financial performance, and liquidity challenges [Overview](index=37&type=section&id=Overview) The inaugural Vigoride 3 mission experienced anomalies but deployed several satellites; backlog stands at $55 million - Launched its first demonstration flight of the Vigoride spacecraft (Vigoride 3) on May 25, 2022[212](index=212&type=chunk) - The Vigoride spacecraft **experienced anomalies with its deployable solar arrays**, causing low power and communication problems, which has **substantially declined confidence** in performing all planned operations for this mission[213](index=213&type=chunk)[214](index=214&type=chunk)[219](index=219&type=chunk) - As of July 29, 2022, Momentus has **deployed a total of seven customer satellites**: six from Vigoride 3 and one from a third-party deployer system[218](index=218&type=chunk) - The company has signed contracts for approximately **$55 million in backlog** as of July 31, 2022, spanning 22 companies in 16 countries[211](index=211&type=chunk) [Results of Operations](index=48&type=section&id=Results%20of%20Operations) The company generated its first revenue in Q2 2022 but recorded a net loss of $22.9 million amid rising SG&A costs Comparison of Q2 2022 vs. Q2 2021 (in thousands) | Metric | Q2 2022 | Q2 2021 | $ Change | | :--- | :--- | :--- | :--- | | Service revenue | $50 | $— | $50 | | Research and development expenses | $10,896 | $20,794 | $(9,898) | | Selling, general and administrative expenses | $12,861 | $9,740 | $3,121 | | Operating loss | $(23,719) | $(30,534) | $6,815 | | Net (loss) income | $(22,872) | $64,327 | $(87,199) | - The decrease in Q2 2022 R&D expenses was primarily due to a **one-time $8.7 million impairment** of prepaid launch deposits in Q2 2021[303](index=303&type=chunk) - The increase in Q2 2022 SG&A expenses was driven by higher payroll ($0.9M), insurance ($0.7M), and other corporate costs ($0.8M) associated with being a public company[304](index=304&type=chunk) [Liquidity and Capital Resources](index=51&type=section&id=Liquidity%20and%20Capital%20Resources) The company holds $109.1 million in cash, which management believes is sufficient for the next 12 months - The company's principal source of liquidity is its cash and cash equivalents, which amounted to **$109.1 million** as of June 30, 2022[325](index=325&type=chunk) Historical Cash Flows (in thousands) | Activity | Six Months Ended June 30, 2022 | Six Months Ended June 30, 2021 | | :--- | :--- | :--- | | Net cash used in Operating activities | $(45,943) | $(44,077) | | Net cash used in Investing activities | $(945) | $(2,187) | | Net cash (used in) provided by Financing activities | $(3,277) | $55,713 | - Management expects current cash and projected gross profit will **fund operations for more than 12 months**, but notes that changing circumstances could require additional equity or debt financing[332](index=332&type=chunk)[333](index=333&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=57&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Primary market risks from interest rates and foreign currency are considered minimal - **Interest rate risk is low**, as cash is held in short-term, highly liquid investments and the company's Term Loan has a fixed interest rate[370](index=370&type=chunk)[371](index=371&type=chunk) - **Foreign currency risk is not material** because a significant portion of cash receipts and expenses are generated in U.S. dollars[372](index=372&type=chunk) [Controls and Procedures](index=57&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective with no material changes identified - Management concluded that the company's **disclosure controls and procedures were effective** as of June 30, 2022[375](index=375&type=chunk) - There were **no material changes** to the company's internal control over financial reporting during the fiscal quarter ended June 30, 2022[376](index=376&type=chunk) Part II - Other Information [Legal Proceedings](index=57&type=section&id=Item%201.%20Legal%20Proceedings) The company faces multiple legal proceedings, including a class action and a lawsuit from a SAFE note investor - The company is defending against a **consolidated putative class action lawsuit** alleging violations of securities laws related to disclosures for the Business Combination[186](index=186&type=chunk)[187](index=187&type=chunk) - A **shareholder derivative action** was filed in June 2022, and a shareholder Section 220 litigation was filed to inspect books and records, both related to the de-SPAC merger[200](index=200&type=chunk)[201](index=201&type=chunk) - In July 2022, a SAFE note investor filed a lawsuit claiming fraudulent inducement and breach of contract, seeking **damages exceeding $7.6 million**[202](index=202&type=chunk) [Risk Factors](index=58&type=section&id=Item%201A.%20Risk%20Factors) Key risks include mission failures, dependency on government licenses, ongoing losses, and an eroding backlog - The inaugural Vigoride mission **experienced anomalies** with its communication and power systems, preventing it from completing all objectives and fully validating its technology, which could harm the company's reputation[379](index=379&type=chunk)[384](index=384&type=chunk) - The business is **dependent on receiving required governmental licenses** and approvals (e.g., from FAA, FCC), and there is no assurance these will be granted in a timely manner or at all[385](index=385&type=chunk)[387](index=387&type=chunk) - The company has a **history of significant losses**, including an operating loss of $99.8 million in 2021, and expects to incur future losses; the **backlog has eroded from $86 million to $55 million** and may not convert to revenue[388](index=388&type=chunk)[393](index=393&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=61&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No unregistered sales of equity securities or use of proceeds were reported during the period - None reported for the period[400](index=400&type=chunk) [Defaults Upon Senior Securities](index=61&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) No defaults upon senior securities were reported during the period - None reported[401](index=401&type=chunk) [Mine Safety Disclosures](index=61&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This section is not applicable to the company's operations - None reported[402](index=402&type=chunk) [Other Information](index=61&type=section&id=Item%205.%20Other%20Information) No other information was required to be disclosed for the period - None reported[403](index=403&type=chunk) [Exhibits](index=61&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including merger agreements and certifications - Key exhibits filed include the Merger Agreement and certifications required under Sections 302 and 906 of the Sarbanes-Oxley Act[404](index=404&type=chunk)
Momentus (MNTS) - 2022 Q1 - Earnings Call Presentation
2022-05-12 17:54
Company Overview - Momentus plans to offer in-space transportation and infrastructure services, utilizing water plasma propulsion technology to potentially reduce costs[3] - The company's services include space transportation, hosted payloads, and in-orbit servicing[4, 6] - Momentus has established key partnerships in rideshare, in-space robotics, and global ground station services[5] Financial Highlights - As of April 30, 2022, Momentus had a backlog of approximately $69 million, representing potential revenue[7, 57] - As of March 31, 2022, the company's non-restricted cash and cash equivalents were approximately $136 million[57] - The company's gross debt was approximately $24 million as of March 31, 2022[57] - In Q1 2022, Momentus experienced a loss from operations of approximately $25 million and an adjusted EBITDA of negative $17 million[57] Operational Progress - Momentus is developing the Vigoride orbital transfer vehicle, with Vigoride 3 undergoing system-level thermal vacuum testing in Q1 2022[28] - Vigoride 3 has been shipped to Cape Canaveral and mated to the SpaceX Falcon 9 launch vehicle[29] - The company has secured government licenses and approvals for its inaugural launch, including licenses from NOAA and FCC, and a favorable payload determination from the FAA[35] - Momentus plans to deploy nine satellites and operate space hardware for a customer test on the first Vigoride demo mission[38] - The company has signed Launch Services Agreements for four additional SpaceX missions, targeting launches between October 2022 and October 2023[44]
Momentus (MNTS) - 2022 Q1 - Earnings Call Transcript
2022-05-11 02:21
Momentus, Inc. (NASDAQ:MNTS) Q1 2022 Earnings Conference Call May 10, 2022 5:00 PM ET Company Participants Darryl Genovesi - VP, IR John Rood - Chairman, President & CEO Jikun Kim - CFO Conference Call Participants Michael Maugeri - Wolfe Research Robert Stallard - Vertical Research Partners Bradley Barton - Barclays Bank Edison Yu - Deutsche Bank Operator Good afternoon, ladies and gentlemen, and welcome to the Momentus Inc. First Quarter 2022 Earnings Conference Call. [Operator Instructions]. It is now my ...
Momentus (MNTS) - 2022 Q1 - Quarterly Report
2022-05-10 22:46
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 95134 3901 N. First Street San Jose, ...
Momentus (MNTS) - 2021 Q4 - Annual Report
2022-03-09 02:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR o ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number 001-39128 Momentus Inc (Exact name of registrant as specified in its charter) Indicate by check mark if the regis ...
Momentus (MNTS) - 2021 Q4 - Earnings Call Transcript
2022-03-09 02:04
Momentus Inc. (NASDAQ:MNTS) Q4 2021 Earnings Conference Call March 8, 2022 5:00 PM ET Company Participants Darryl Genovesi - IR John Rood - CEO and Chairman Jikun Kim - CFO Conference Call Participants Edison Yu - Deutsche Bank James Ratcliffe - Evercore ISI Colin Ken Fu - Barclays Mike Maugeri - Wolfe Research Operator Ladies and gentlemen, thank you for standing by. And welcome to Momentus Fourth Quarter 2021 Earnings Call. At this time, all participants are in a listen-only mode. After the speaker's pres ...