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.
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Statements of Operations
(in thousands, except per share data)
| Year EndedDecember 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Service revenue | $3,089 | $299 |
| Cost of revenue | 855 | 26 |
| Gross profit | 2,234 | 273 |
| Operating expenses: | ||
| Research and development expenses | 34,351 | 41,721 |
| Selling, general and administrative expenses | 36,055 | 49,827 |
| Total operating expenses | 70,406 | 91,548 |
| Loss from operations | (68,172) | (91,275) |
| Other income (expense), net: | ||
| Change in fair value of warrant liability | 561 | 5,185 |
| Realized loss on disposal of assets | (17) | (168) |
| Interest income | 1,225 | 522 |
| Interest expense | (2,337) | (5,262) |
| Litigation settlement, net | — | (4,500) |
| Other income (expense) | (180) | 54 |
| Total other income (expense), net | (748) | (4,169) |
| Net loss | $(68,920) | $(95,444) |
| Net loss per share, basic and diluted | $(23.13) | $(58.53) |
| Weighted average shares outstanding, basic and diluted | 2,979,845 | 1,630,762 |
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