Momentus Results Presentation Deck
Q1 Financial Highlights
$33 million backlog as of April 30, 2023.*
Non-restricted cash and cash equivalents of $39 million as of March 31, 2023.
Approximately $12 million term loan debt as of December 31, 2022.
Recognized $22 thousand in revenue, which included customer deposit.
• Q1 loss from operations was approximately $20 million.
Q1 Adjusted EBITDA was negative $16.1 million, an improvement over Q1 2022 of $0.5 million.
Adjusted EBITDA excludes stock-based compensation expense, certain legal matters, and net
mark-to-market gains and losses on warrant liabilities, and other adjusting items.
Refer to the Appendix of this presentation for reconciliation with equivalent GAAP financials.
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Backlog includes signed contracts spanning across 19 companies in 13 countries. Backlog contains firm orders as well as options, which allow customers to
opt-in to launches on shorter notice without requiring a separate agreement. In general, our customers have the right to cancel their contracts with the
understanding that they will forfeit their deposits. If a customer cancels a contract before it is required to pay non-refundable deposits, we may not receive
revenue from these orders, except for an initial deposit which is paid at the time the contract is signed.
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