SAN JOSE, Calif. - Momentus Inc. (NASDAQ: NASDAQ:MNTS), a U.S. commercial space company, has announced a partnership with the Defense Advanced Research Projects Agency (DARPA) to support the development of technologies for constructing large-scale structures in space. The contract is part of DARPA's Novel Orbital and Moon Manufacturing, Materials, and Mass-efficient Design (NOM4D) program, which aims to transport raw materials from Earth for in-orbit manufacturing, focusing on the creation of space-optimized structures like solar arrays, antennas, and optics.
Under the agreement, Momentus will work with other NOM4D participants to design and conduct experiments aboard the Momentus Vigoride Orbital Service Vehicle. These experiments are intended to meet strict launch and in-space operational requirements, leveraging Vigoride's payload capacity and proprietary water-based propulsion system for maneuverability and orbit modification.
The collaboration seeks to advance the Technology Readiness Level (TRL) of NOM4D assembly and manufacturing technologies, addressing current limitations on the type and scale of in-space structures due to volume, load, and vibration constraints. Momentus CEO John Rood expressed enthusiasm for the partnership, highlighting Vigoride's suitability for demonstrating NOM4D technologies and positioning Momentus at the forefront of the in-space infrastructure economy.
Momentus specializes in providing in-space transportation, hosted payloads, and other in-orbit services with its commercial satellite buses. The company's involvement in the NOM4D program represents a step toward enhancing its capabilities in space construction and utilization.
InvestingPro Insights
Momentus Inc. (NASDAQ: MNTS) has recently entered a strategic partnership with DARPA, which may be a pivotal step in the company's journey towards advancing space technology. As investors consider the potential impact of this collaboration on Momentus's financial health and stock performance, InvestingPro provides valuable insights into the company's financial metrics and analysts' outlook.
An impressive gross profit margin of 76.81% for the last twelve months as of Q3 2023 indicates that Momentus is efficient in its operations, managing to retain a significant portion of its revenue as gross profit. However, it is important to note that the company is quickly burning through cash, with an operating income margin of -3450.09% over the same period, which raises concerns about its long-term financial sustainability.
The stock has been characterized by high volatility, with a 1-week price total return of -2.97% and a staggering 6-month price total return of -80.52%, reflecting the market's uncertainty about the company's prospects. Additionally, the market cap stands at a modest 8.65 million USD, which could be an indication of the market's cautious stance towards the company's future growth potential.
With these financial considerations in mind, investors might find the InvestingPro platform an invaluable resource for further analysis. The platform lists additional InvestingPro Tips that could help investors make more informed decisions. For instance, while analysts anticipate sales growth in the current year, they do not expect the company to be profitable this year. Moreover, Momentus's valuation implies a poor free cash flow yield, and it operates with a moderate level of debt.
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