Momentus Inc.
For the period ended Dec 31, 2024. Filed Apr 1, 2025.
View on SEC.govAbout this filing
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.
FY2024 · Filed Apr 1, 2025
MNTS$2.00-2.4%Stored close · as of Nov 9, 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)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(34,946) | $(68,920) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 857 | 894 |
| Amortization of debt discount and issuance costs | 147 | 1,357 |
| Amortization of right-of-use asset | 1,158 | 1,090 |
| Change in fair value of warrant liability | — | (561) |
| Impairment of prepaid launch costs | — | 3,685 |
| Write-off of deferred offering costs | — | 331 |
| Loss on disposal of fixed and intangible assets | 188 | 17 |
| Loss on debt extinguishment | 4,258 | — |
| Stock-based compensation expense | 6,493 | 8,480 |
| Issuance of common stock for consulting services | — | 112 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (879) | — |
| Prepaids and other current assets | 6,845 | (565) |
| Insurance receivable | (308) | 3,900 |
| Other non-current assets | (2,042) | 2,649 |
| Accounts payable | 2,791 | 453 |
| Accrued liabilities | (1,728) | (3,293) |
| Accrued interest | 136 | (131) |
| Other current liabilities | (5) | (14) |
| Contract liabilities | 1,247 | (1,681) |
| Operating lease liability | (1,268) | (1,153) |
| Litigation settlement contingency | 420 | (8,500) |
| Other non-current liabilities | 25 | 24 |
| Net cash used in operating activities | (16,611) | (61,826) |
| Cash flows from investing activities: | ||
| Purchases of property, machinery and equipment | — | (94) |
| Proceeds from sale of property, machinery and equipment | 135 | 113 |
| Purchases of intangible assets | (41) | (38) |
| Net cash provided by (used in) investing activities | 94 | (19) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of convertible notes | 5,300 | — |
| Payment of convertible notes | (575) | — |
| Proceeds from issuance of loan payable | 2,000 | — |
| Proceeds from issuance of related party notes | 500 | — |
| Principal payments on related party notes | (500) | — |
| Principal payments on loan payable | (4,719) | (12,984) |
| Payment of debt issuance costs | (438) | — |
| Proceeds from exercise of stock options | — | 130 |
| Proceeds from employee stock purchase plan | — | 33 |
| Proceeds from exercise of warrants | — | 7,881 |
| Repurchase of Section 16 Officer shares for tax coverage exchange | (4) | (88) |
| Payment for repurchase of common shares | — | (10,000) |
| Proceeds from issuance of common stock and related warrants | 15,710 | 19,000 |
| Payments for issuance costs related to common stock and related warrants | (1,677) | (2,048) |
| Net cash provided by financing activities | 15,597 | 1,924 |
| Decrease in cash, cash equivalents and restricted cash | (920) | (59,921) |
| Cash, cash equivalents and restricted cash, beginning of year | 2,492 | 62,413 |
| Cash, cash equivalents and restricted cash, end of year | $1,572 | $2,492 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.