Momentus Inc. · NASDAQ:MNTS
Momentus — Q1 2022 Earnings Presentation
18 slides from Momentus's earnings presentation, May 10, 2022
Slide 1: Q1 2022 Business and Financial Highlights
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Copyright 022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without th express consent of Momentu is strictly pro
Slide 2: Disclaimer and Cautionary Note Regarding Forward-Looking Statements
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Disclaimer and Cautionary Note Regarding Forward-Looking Statements This presentation contains certain statements which constitute “forward-look
Slide 3: Recent Progress – Vigoride Spacecraft
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Recent Progress – Vigoride Spacecraft • Continued work to bring Vigoride orbital transfer vehicle to market. • During Q1, we completed system-le
Slide 4: Vigoride Progress in Pictures
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Vigoride 3 Progress in Pictures 4 Assembly in Momentus Cleanroom Thermal Vacuum Testing Vibration Testing Customer Payload Integration Preparing
Slide 5: Recent Progress – Licensing & Regulatory
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Recent Progress – Licensing & Regulatory • During Q1, and in the subsequent period, we continued to implement compliance tasks required of us un
Slide 6: Plan for First Vigoride Demo Mission
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Plan for First Vigoride Demo Mission • Our primary goals are to: Test Vigoride on orbit. Learn from any issues that are encountered. Incorpo
Slide 7: Second SpaceX Transporter-5 Port
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Second SpaceX Transporter-5 Port • Momentus purchased a second port on the SpaceX Transporter-5 mission. • We plan to use this port for a third-
Slide 8: Planning for our Future
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Planning for our Future • During Q1, we signed Launch Services Agreements for four additional SpaceX missions including: Transporter-6, targete
Slide 9: Execution Plan Vigoride
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Execution Plan Vigoride 1 Vigoride schedule (as of May 10, 2022) 9 Design Phase System Build & Verification Phase C0DR PDR CDR Unit Qual Sys Pre
Slide 10: Recent Progress – Key Executive Hires
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. • Continued to build out the team for the future, including four senior leadership hires: During Q1, we welcomed Jason Garkey as new Chief Secu
Slide 11: Q1 Financial Highlights
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Q1 Financial Highlights • $69 million in backlog (potential revenue), as of April 30, 2022. * • Non-restricted cash and cash equivalents of appr
Slide 12: Thank you!
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. 12 Thank you!
Slide 13: Appendix
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Appendix 13
Slide 14: Income Statement
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Income Statement 14 2022 2021 Service revenue - 130 Cost of revenue - 48 Gross margin - 82 Operating expenses: Research and development expenses
Slide 15: Balance Sheet
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Balance Sheet 15 March 31, 2022 December 31, 2021 (unaudited) LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT) Accounts payable 3,289 1,911 Accrue
Slide 16: Cash Flow Statement
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Cash Flow Statement 16 2022 2021 Cash flows from operating activities: Net income (loss) (26,834) 64,671 Adjustments to reconcile net income (lo
Slide 17: GAAP to Non-GAAP Reconciliation
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. GAAP to Non-GAAP Reconciliation 17 ADJUSTED EBITDA March 31, 2022 March 31, 2021 December 31, 2021 Net Income (Loss) (26,836) 64,671 (2,729) Inc
Slide 18: GAAP to Non-GAAP Reconciliation (cont.)
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. GAAP to Non-GAAP Reconciliation (cont.) 18 March 31, 2022 March 31, 2021 December 31, 2021 Selling, general, and administrative expenses 14,853