Momentus ( (MNTS) ) has released a notification of late filing.
Momentus Inc. has announced a delay in filing its Form 10-K (Yearly Report) for the fiscal year ending December 31, 2024. The primary reason for this delay is the need for additional time by the company and its auditor to prepare and review financial statements to ensure adequate disclosure. Momentus expects to file the report within 15 calendar days following the original due date. The company anticipates significant changes in its financial results, with service revenue decreasing to approximately $2,114 thousand from $3,089 thousand in the previous year, and a net loss of approximately $(34,946) thousand compared to $(68,920) thousand in the prior year. Momentus is committed to ongoing compliance efforts, as indicated by the notification signed by Interim Chief Financial Officer Lon Ensler.
More about Momentus
YTD Price Performance: -75.64%
Average Trading Volume: 1,160,615
Technical Sentiment Signal: Buy
Current Market Cap: $6.57M
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