Intuitive Machines Q3 revenue $58.5M, up 359% YoY; record backlog $316.2M; $4.82B NASA contract

Intuitive Machines, Inc.

2024-Q3 EPS reported -$2.55 revenue$173,338,000

Revenue $58.5M in Q3, up 359% YoY; YTD revenue $173.3M, more than double full-year 2023.
Record backlog of $316.2M, highest in company history, driven by fourth NASA CLPS award.
Awarded $116.9M NASA CLPS contract; sole awardee of Near Space Network contract (max $4.82B).
Ended Q3 with $89.6M cash (record); October-end cash $106.9M; expects similar year-end.
Narrowed FY2024 revenue outlook to $215-$235M, trending towards midpoint.

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