Momentus GAAP EPS of -$0.28, revenue of $0.05M

Aug. 11, 2022 6:06 AM ETMomentus Inc. (MNTS)By: Niloofer Shaikh, SA News Editor
  • Momentus press release (NASDAQ:MNTS): Q2 GAAP EPS of -$0.28.
  • Revenue of $0.05M.
  • "We continue to make progress toward our goal of being a key provider of transportation and infrastructure services to the emerging new space economy," said Momentus Chief Executive John Rood. “During the second quarter, we retired regulatory risk, cleared all remaining licensing hurdles, and flew our inaugural demonstration mission with our Vigoride vehicle. Since the last earnings call, we have also deployed seven customer satellites in low Earth orbit (six from Vigoride 3, one from a third party deployer). We have learned a great deal from this first launch and from observing how the Vigoride orbital transfer vehicle performed in space during its initial demonstration mission. We plan to incorporate improvements into future Vigoride vehicles, beginning with the one that we plan to fly during our next mission this fall.”

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