Intuitive Machines Q2 revenue up 130% YoY to $41.4M; raises FY2024 outlook to $210-240M

Intuitive Machines, Inc.

2024-Q2 EPS reported -$1.76 revenue$114,476,000

Q2 revenue $41.4M (+130% YoY); YTD $114.5M exceeding full-year 2023.
Raised low-end of FY2024 revenue guidance to $210-240M (2.6x-3x prior year).
Operating loss $(28.2)M vs $(13.2)M prior year due to IM-1 completion and contract adjustments.
Cash $31.6M; zero debt after paying $5M in Q2 and $3M in July; funds 12 months.
Backlog $213.0M; signed $18M commercial rideshare; mission two lander shipment expected in Q4.

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