Momentus Inc
For the period ended Jun 30, 2024. Filed Oct 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Oct 15, 2024
MNTS$1.90-5.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Six Months Ended, June 30 | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(15,329) | $(39,660) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 443 | 452 |
| Amortization of debt discount and issuance costs | 46 | 890 |
| Amortization of right-of-use asset | 570 | 537 |
| Change in fair value of warrant liability | — | (338) |
| Loss on disposal of fixed and intangible assets | 55 | 17 |
| Stock-based compensation expense | 3,178 | 4,297 |
| Issuance of common stock for consulting services | — | 112 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (15) | (434) |
| Prepaids and other current assets | 3,674 | 3,401 |
| Insurance receivable | (308) | — |
| Other non-current assets | 31 | (337) |
| Accounts payable | 805 | 258 |
| Accrued liabilities | 451 | (1,298) |
| Accrued interest | — | 79 |
| Other current liabilities | (4) | 1 |
| Contract liabilities | 115 | (648) |
| Operating lease liability | (625) | (569) |
| Litigation settlement contingency | 526 | — |
| Other non-current liabilities | 13 | 12 |
| Net cash used in operating activities | (6,374) | (33,228) |
| Cash flows from investing activities: | ||
| Purchases of property, machinery and equipment | — | (53) |
| Proceeds from sale of property, machinery and equipment | — | 63 |
| Purchases of intangible assets | (40) | (25) |
| Net cash used in investing activities | (40) | (15) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of loan payable | 350 | — |
| Proceeds from exercise of stock options | — | 130 |
| Proceeds from employee stock purchase plan | — | 31 |
| Repurchase of Section 16 Officer shares for tax coverage exchange | (3) | (60) |
| Principal payments on loan payable | (2,319) | (6,298) |
| Payment of deferred offering costs | — | (121) |
| Payment for repurchase of common shares | — | (10,000) |
| Proceeds from issuance of common stock and related warrants | 8,000 | 10,000 |
| Payments for issuance costs related to common stock and related warrants | (829) | (700) |
| Net cash provided by (used in) financing activities | 5,199 | (7,018) |
| Decrease in cash, cash equivalents and restricted cash | (1,215) | (40,261) |
| Cash, cash equivalents and restricted cash, beginning of period | 2,492 | 62,413 |
| Cash, cash equivalents and restricted cash, end of period | $1,277 | $22,152 |
| Supplemental disclosure of non-cash investing and financing activities | ||
| Purchases of property, machinery and equipment in accounts payable and accrued expenses at period end | $— | $41 |
| Purchases of intangible assets in accounts payable and accrued expenses at period end | $18 | $— |
| Deferred offering costs in accounts payable and accrued expenses at period end | $— | $16 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest | $12 | $684 |
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