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10-Q: Q2 2024 Earnings Report

10-Q: Q2 2024 Earnings Report

10-Q:2024財年二季報
美股SEC公告 ·  2024/10/16 04:15

Moomoo AI 已提取核心訊息

Momentus Inc. reported Q2 2024 financial results with service revenue of $1.2 million, primarily from engineering services for Space Development Agency, compared to $1.7 million in Q2 2023. Net loss significantly improved to $7.0 million from $18.8 million YoY, reflecting a 63% reduction in operating expenses to $8.2 million through streamlined operations and reduced headcount.Research and development expenses decreased 72% YoY to $2.9 million, driven by lower payroll costs and reduced spending on materials and subcontractors. Selling, general and administrative expenses declined 47% to $5.3 million due to decreased headcount and lower legal and compliance costs. The company ended the quarter with $0.9 million in cash and cash equivalents.Management raised concerns about the company's ability to continue as a going concern, citing accumulated deficit of $388.4 million and the need for substantial additional capital. To address liquidity needs, Momentus secured a $2.3 million convertible note in July 2024 and completed a $2.75 million private placement in September 2024, while continuing to evaluate opportunities to access additional funding.
Momentus Inc. reported Q2 2024 financial results with service revenue of $1.2 million, primarily from engineering services for Space Development Agency, compared to $1.7 million in Q2 2023. Net loss significantly improved to $7.0 million from $18.8 million YoY, reflecting a 63% reduction in operating expenses to $8.2 million through streamlined operations and reduced headcount.Research and development expenses decreased 72% YoY to $2.9 million, driven by lower payroll costs and reduced spending on materials and subcontractors. Selling, general and administrative expenses declined 47% to $5.3 million due to decreased headcount and lower legal and compliance costs. The company ended the quarter with $0.9 million in cash and cash equivalents.Management raised concerns about the company's ability to continue as a going concern, citing accumulated deficit of $388.4 million and the need for substantial additional capital. To address liquidity needs, Momentus secured a $2.3 million convertible note in July 2024 and completed a $2.75 million private placement in September 2024, while continuing to evaluate opportunities to access additional funding.
Momentus Inc.報告了2024年第二季度的財務業績,服務收入爲120萬美元,主要來自國防部太空開發局的工程服務,較2023年第二季度的170萬美元有所下降。淨損失顯著改善,同比從1880萬美元降至700萬美元,這反映出營業費用減少了63%,降至820萬美元,得益於運營的精簡和員工人數的減少。研究和開發費用同比減少72%,降至290萬美元,主要由於工資成本降低和材料及分包商支出減少。銷售、一般和行政費用降低了47%,降至530萬美元,原因是員工人數減少以及法律和合規成本降低。公司本季度結束時的現金及現金等價物爲90萬美元。管理層對公司的持續經營能力表示擔憂,引用累計赤字爲38840萬美元和需要大量額外資本。爲了滿足流動性需求,Momentus在2024年7月獲得了一筆230萬美元的可轉換票據,並在2024年9月完成了一項275萬美元的定向增發,同時繼續評估獲取額外資金的機會。
Momentus Inc.報告了2024年第二季度的財務業績,服務收入爲120萬美元,主要來自國防部太空開發局的工程服務,較2023年第二季度的170萬美元有所下降。淨損失顯著改善,同比從1880萬美元降至700萬美元,這反映出營業費用減少了63%,降至820萬美元,得益於運營的精簡和員工人數的減少。研究和開發費用同比減少72%,降至290萬美元,主要由於工資成本降低和材料及分包商支出減少。銷售、一般和行政費用降低了47%,降至530萬美元,原因是員工人數減少以及法律和合規成本降低。公司本季度結束時的現金及現金等價物爲90萬美元。管理層對公司的持續經營能力表示擔憂,引用累計赤字爲38840萬美元和需要大量額外資本。爲了滿足流動性需求,Momentus在2024年7月獲得了一筆230萬美元的可轉換票據,並在2024年9月完成了一項275萬美元的定向增發,同時繼續評估獲取額外資金的機會。
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