Momentus (US:MNTS)2022-05-12 17:54Company 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]