Intuitive Machines Q1 revenue $18.2M, operating loss $14M; backlog $156.1M, NASA OMES III $719M contract

Intuitive Machines, Inc.

2023-Q1 EPS reported -$0.64 revenue$18,236,000

Revenue $18.2M vs $18.5M YoY; operating loss $(14.0)M vs $(4.5)M.
Cash $46.8M at quarter end; additional $13.6M from warrant exercises in April.
Contracted backlog $156.1M, $107.7M expected to convert to revenue in 2023.
Awarded 5-year $719M NASA OMES III contract in April 2023 (joint venture with KBR).
2023 revenue guidance $174M-$268M; gross margin 5-18%; year-end cash ~$49M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Intuitive Machines, Inc. reported the first quarter ended March 31, 2023 results: revenue $18.2 million. Guidance initiated.

Period: the first quarter ended March 31, 2023
Revenue: $18.2 million
Guidance: initiated
Result: reported results

Exact text from the filing

• Contracted backlog of $156.1 million at quarter-end, $107.7 million of which is expected to convert to revenue over the remainder of the year. • First quarter 2023 revenue of $18.2 million, driven primarily by three NASA CLPS contracts within lunar access services, compared to $18.5 million in the first quarter of 2022. • Operating loss of $(14.0) million versus

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Source: SEC EDGAR

accession 0001844452-23-000021

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