Intuitive Machines Q4 revenue $30.6M; historic moon landing achieved

Intuitive Machines, Inc.

Q4 2023 revenue $30.6M vs $38.0M prior year; full year $79.5M vs $85.9M.
Q4 operating loss $(5.9)M vs $13.0M prior year (incl. one-time NASA change order); FY loss $(56.2)M.
Backlog $268.6M at quarter-end; OMES III recognized $12.5M revenue in December.
Cash $4.5M at Dec 31; rose to $54.6M by March 1, 2024 via warrant exercises.
First US lunar landing in 50 years on Feb 22, 2024; earned ~$12.5M milestone payments.

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 fourth quarter and full year ended December 31, 2023 results: revenue $30.6 million.

Period: the fourth quarter and full year ended December 31, 2023
Revenue: $30.6 million
Result: reported results

Exact text from the filing

Full Year 2023 Financial Highlights • Contracted backlog of $268.6 million at quarter-end driven primarily by first NASA OMES III task orders • Fourth quarter 2023 revenue of $30.6 million, driven primarily by three NASA Commercial Lunar Payload Services (CLPS) initiative contracts and one month of OMES III, compared to $38.0 million in the prior year period • Full

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Intuitive Machines, Inc. filing history →

Source: SEC EDGAR

accession 0001844452-24-000031

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