Momentus Inc
For the period ended Dec 31, 2023. Filed Jun 6, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Jun 6, 2024
MNTS$2.05+20.6%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Cash Flows
(in thousands)
| Years Ended, December 31 | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from operating activities: | ||
| Net loss | $(68,920) | $(95,444) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 894 | 1,090 |
| Amortization of debt discount and issuance costs | 1,357 | 2,690 |
| Amortization of right-of-use asset | 1,090 | 1,163 |
| Change in fair value of warrant liability | (561) | (5,185) |
| Impairment of prepaid launch costs | 3,685 | — |
| Write-off of deferred offering costs | 331 | — |
| Litigation settlement, net | — | 4,500 |
| Loss on disposal of fixed and intangible assets | 17 | 168 |
| Stock-based compensation expense | 8,480 | 11,580 |
| Issuance of common stock for consulting services | 112 | — |
| Changes in operating assets and liabilities: | ||
| Prepaids and other current assets | (565) | (2,206) |
| Insurance receivable | 3,900 | — |
| Other non-current assets | 2,649 | (147) |
| Accounts payable | 453 | 373 |
| Accrued liabilities | (3,293) | (1,540) |
| Accrued interest | (131) | 131 |
| Other current liabilities | (14) | (5,020) |
| Contract liabilities | (1,681) | 1,126 |
| Operating lease liability | (1,153) | (1,189) |
| Litigation settlement contingency | (8,500) | — |
| Other non-current liabilities | 24 | 23 |
| Net cash used in operating activities | (61,826) | (87,887) |
| Cash flows from investing activities: | ||
| Purchases of property, machinery and equipment | (94) | (583) |
| Proceeds from sale of property, machinery and equipment | 113 | 34 |
| Purchases of intangible assets | (38) | (184) |
| Net cash used in investing activities | (19) | (733) |
| Cash flows from financing activities: | ||
| Proceeds from exercise of stock options | 130 | 574 |
| Proceeds from employee stock purchase plan | 33 | 271 |
| Proceeds from exercise of warrants | 7,881 | — |
| Repurchase of Section 16 Officer shares for tax coverage exchange | (88) | (331) |
| Principal payments on loan payable | (12,984) | (9,697) |
| Payment of deferred offering costs | — | (331) |
| Payment for repurchase of common shares | (10,000) | — |
| Proceeds from issuance of common stock and related warrants | 19,000 | — |
| Payments for issuance costs related to common stock and related warrants | (2,048) | — |
| Net cash provided by (used in) financing activities | 1,924 | (9,514) |
| Decrease in cash, cash equivalents and restricted cash | (59,921) | (98,134) |
| Cash, cash equivalents and restricted cash, beginning of year | 62,413 | 160,547 |
| Cash, cash equivalents and restricted cash, end of year | $2,492 | $62,413 |
| Supplemental disclosure of non-cash investing and financing activities | ||
| Purchases of property, machinery and equipment in accounts payable and accrued expenses at period end | $113 | $— |
| Purchases of intangible assets in accounts payable and accrued expenses at year end | $20 | $— |
| Issuance costs related to warrant modification | $2,130 | $— |
| Stock repurchase liability fair value | $— | $10,000 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest | $980 | $2,440 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.