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Momentus ( (MNTS) ) just unveiled an update.
A company has reached a preliminary agreement to settle shareholder derivative litigation, which includes adopting corporate governance reforms for at least four years, potentially resolving multiple lawsuits filed against it. Additionally, the company has released preliminary financial results indicating revenues between $1.0 million to $2.0 million, SG&A expenses of $10.0 million to $12.0 million, a net loss of $14.0 million to $16.0 million, and a cash position of $1.5 million to $2.0 million for the first half of 2024. These results have yet to be finalized and are not audited. The company is also addressing indemnification claims and has recently borrowed $1.65 million from Space Infrastructure Ventures, LLC.
See more data about MNTS stock on TipRanks’ Stock Analysis page.
