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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 financial results for Q1 2024, with revenue increasing to $513,000 from $22,000 in Q1 2023, primarily driven by engineering services performed for the Space Development Agency. The company significantly reduced its net loss to $8.3 million from $20.8 million year-over-year, reflecting substantial cost reductions across operations.Operating expenses decreased 57% to $8.8 million, with research and development expenses down 74% to $2.7 million and selling, general and administrative expenses reduced by 40% to $6.2 million. The improvements were mainly attributed to reduced headcount costs, lower subcontractor spending, and decreased legal and professional fees.The company faces ongoing liquidity challenges with cash and cash equivalents of $1.7 million as of March 31, 2024. Management noted substantial doubt about Momentus' ability to continue as a going concern, emphasizing the need to raise additional capital to fund operations and execute its business plan. The company completed two securities offerings in Q1 2024, raising aggregate gross proceeds of $8 million.
Momentus Inc. reported financial results for Q1 2024, with revenue increasing to $513,000 from $22,000 in Q1 2023, primarily driven by engineering services performed for the Space Development Agency. The company significantly reduced its net loss to $8.3 million from $20.8 million year-over-year, reflecting substantial cost reductions across operations.Operating expenses decreased 57% to $8.8 million, with research and development expenses down 74% to $2.7 million and selling, general and administrative expenses reduced by 40% to $6.2 million. The improvements were mainly attributed to reduced headcount costs, lower subcontractor spending, and decreased legal and professional fees.The company faces ongoing liquidity challenges with cash and cash equivalents of $1.7 million as of March 31, 2024. Management noted substantial doubt about Momentus' ability to continue as a going concern, emphasizing the need to raise additional capital to fund operations and execute its business plan. The company completed two securities offerings in Q1 2024, raising aggregate gross proceeds of $8 million.
Momentus Inc.公佈了2024年第一季度的財務結果,營業收入從2023年第一季度的22,000美元增加到513,000美元,主要得益於爲太空開發局提供的工程服務。公司將其淨虧損大幅減少至830萬人民幣,較去年同期的2080萬人民幣減少,反映出運營成本的顯著降低。營業費用下降了57%,降至880萬人民幣,其中研發費用下降74%,降至270萬人民幣,銷售、普遍及管理費用減少40%,降至620萬人民幣。這些改善主要歸因於減少人員成本、降低分包商支出和減少法律及專業費用。截至2024年3月31日,公司面臨持續的流動性挑戰,現金及現金等價物爲170萬人民幣。管理層指出,Momentus是否能夠繼續經營存在重大疑慮,強調需要籌集更多資金以支持運營和執行其業務計劃。公司在2024年第一季度完成了兩次證券發行,籌集了總額800萬人民幣的毛收入。
Momentus Inc.公佈了2024年第一季度的財務結果,營業收入從2023年第一季度的22,000美元增加到513,000美元,主要得益於爲太空開發局提供的工程服務。公司將其淨虧損大幅減少至830萬人民幣,較去年同期的2080萬人民幣減少,反映出運營成本的顯著降低。營業費用下降了57%,降至880萬人民幣,其中研發費用下降74%,降至270萬人民幣,銷售、普遍及管理費用減少40%,降至620萬人民幣。這些改善主要歸因於減少人員成本、降低分包商支出和減少法律及專業費用。截至2024年3月31日,公司面臨持續的流動性挑戰,現金及現金等價物爲170萬人民幣。管理層指出,Momentus是否能夠繼續經營存在重大疑慮,強調需要籌集更多資金以支持運營和執行其業務計劃。公司在2024年第一季度完成了兩次證券發行,籌集了總額800萬人民幣的毛收入。
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