Intuitive Machines Q1 revenue $73.1M (+301% YoY); FY2024 guidance $200-240M

Intuitive Machines, Inc.

2024-Q1 EPS reported -$2.70 revenue$73,068,000

Revenue $73.1M (+301% YoY); operating loss improved to $(5.4)M from $(14.0)M prior year.
Cash from ops $6.4M (down $12.2M YoY); ending cash $55.2M, largest quarter-end balance.
Backlog $222.4M; awarded $30M NASA LTV contract (part of $4.6B Artemis project).
First US lunar landing in 50+ years on Feb 22; IM-2 mission to south pole planned late 2024.
FY2024 revenue guidance $200-240M (2.5-3x prior year); cash expected to fund ops through year-end.

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 first quarter ended March 31, 2024 results: revenue $73.1 million. Guidance initiated.

Period: first quarter ended March 31, 2024
Revenue: $73.1 million
Guidance: initiated
Result: reported results

Exact text from the filing

Moon further south than any vehicle in history, marking the United States’ first lunar landing in over 50 years, on February 22, 2024 • Achieved record revenues in the quarter; $73.1 million, an increase of over 300% versus prior year • Continued positive gross margin momentum; $12.2 million in the quarter driven by IM-1 mission success milestone payments from NASA

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Source: SEC EDGAR

accession 0001844452-24-000068

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