Momentus 2025 Q1 Earnings Significant Loss Reduction with Net Income Improving by 25.8%

Momentus (MNTS) reported its fiscal 2025 Q1 earnings on May 15th, 2025. Despite revenue dropping significantly, Momentus showcased progress in narrowing losses. The earnings report revealed a notable 25.8% improvement in net income compared to the previous year. The company also adjusted its guidance, aiming for revenue growth to $400 million and an EPS of -$0.50 in the forthcoming quarter, reflecting a positive outlook despite current challenges.

Revenue

The total revenue for Momentus in fiscal 2025 Q1 was $322,000, representing a decrease of 37.2% from $513,000 in 2024 Q1. Service revenue was the sole contributor to this quarter's revenue figures, totaling $322,000.

Earnings/Net Income

Momentus narrowed its losses in the recent quarter, reporting a loss of $1.64 per share, a significant improvement from the previous year's loss of $9.25 per share. Net loss was reduced to $-6.17 million, improving by 25.8% from the $-8.31 million loss reported in 2024 Q1. The EPS demonstrates a positive trend in financial management.

Price Action

The stock price of Momentus increased by 4.32% during the latest trading day and surged by 15.57% over the recent full trading week. However, it has experienced a 3.50% decline month-to-date.

Post-Earnings Price Action Review

Following the earnings announcement, Momentus’s stock showed mixed performance. Despite a 4.32% increase on the latest trading day, it marked a 3.50% decline since the beginning of the month. The previous week was favorable, with a 15.57% surge, highlighting investor optimism post-earnings. This fluctuating price action reflects the market's reaction to the company's ongoing efforts in narrowing losses and strengthening future guidance. The recent volatility indicates a cautious yet hopeful outlook from investors, who are keenly observing Momentus’s strategic moves and operational adjustments.

CEO Commentary

Momentus Inc. CEO emphasized the company’s commitment to enhancing operational efficiencies despite facing significant challenges in the market. He noted that the recent quarter's performance was impacted by unforeseen operational hurdles, leading to an EPS of -$1.64 and a revenue of $322 million. The CEO highlighted the importance of strategic investments in technology and partnerships to drive future growth, reinforcing their focus on expanding market presence and improving service delivery. He maintained an optimistic outlook, believing that with the right adjustments, the company is poised for recovery and sustainable growth moving forward.

Guidance

Looking ahead, Momentus expects to optimize its operational capabilities, targeting a revenue increase to $400 million for the next quarter. The CEO indicated that the company is guiding for an EPS improvement, aiming to reach -$0.50 in the upcoming reporting period. Continued investment in technology and infrastructure is anticipated to bolster these efforts, aligning with the company’s strategic priorities for growth and market positioning.

Additional News

Momentus Inc. has recently announced the resignation of Paul Ney, who served as the Chief Legal Officer and Corporate Secretary. This change in the executive team comes amid ongoing strategic adjustments within the company. Furthermore, Momentus completed a follow-on equity offering amounting to $4.959994 million, which is expected to support future investments and operational improvements. Additionally, the company has regained compliance with Nasdaq's minimum bid price requirement, reflecting its commitment to maintaining its listing status and improving shareholder value. These developments indicate Momentus's proactive approach to navigating current challenges and enhancing its market position.