Intuitive Machines reports 2022 revenue $85.9M, net loss narrows to $6.4M; merger closed

Intuitive Machines, Inc.

Revenue $85.9M in 2022, up 18% from $72.6M in 2021; net loss improved to $6.4M from $35.6M.
Operating loss $5.5M vs $37.9M; cost of revenues fell to $75.5M from $100.3M.
Cash $25.8M; working capital deficit $53.5M; total liabilities $124.6M; members' equity negative $57.6M.
One customer accounted for 83% of revenue; one supplier 63% of purchases.
Business combination closed Feb 13, 2023, providing $34.1M gross proceeds and $50M equity facility.

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