Recent ending of its second moon-landing expedition after less than 24 hours on the lunar surface, Intuitive Machines Inc., a space-exploration corporation, has had an exciting few weeks.
Still, the company’s sights are clearly toward the future; Monday’s fourth-quarter earnings emphasize a backlog of upcoming projects.
After its fourth-quarter revenue increased 79% year-over-year, Intuitive Machines’ (LUNR) stock was up 6.9% in premarket trade on Monday.
Rising from $30.6 million in the previous year’s quarter, revenue for the three months ended December 31, 2024, was $54.7 million. FactSet’s analysts asked were seeking income of $55.7 million.
With a record backlog of $328.3 million, a 22% year-over-year growth, and the greatest quarter-ending backlog in its history, the company finished the quarter with.
Intuitive Machines Chief Executive Steve Altemus stated in a statement today: “We stand stronger than ever-financial stable, debt-free, and ready to take the next leap.”
Intuitive Machines, which has landed a lot of rich contracts like NASA’s Near Space Network contract, which could be valued up to $4.82 billion, has already mentioned the company’s strong backlog as a benefit.
Altemus claimed on a conference call regarding the outcomes that IM-3, the company’s next lunar mission, is on schedule for this time next year. He also mentioned that the mission will launch the first of five data relay satellites for the NSN contract.
Compared to a profit of $7.7 million in the previous year’s quarter, Intuitive Machines declared a net loss of $149.3 million. Intuitive Machines omitted a loss-per–share figure. FactSet’s analysts asked were seeking a loss of eight cents a share.
Below the FactSet consensus expectation of $329.6 million, the Houston-based company presented a full-year revenue outlook of $250 million to $300 million.
One of several space stocks that have lately drawn attention is Intuitive Machines. Though mission controllers were able to contact it, the company’s Athena lander collapsed over earlier this month after touching down on the Moon. Still, Intuitive Machines called off the expedition after less than 24 hours on the surface.
When its Odysseus lander became the first commercial lander to effectively land on the surface of the moon last year, Intuitive Machines created history.
With a 15.3% increase over the past 12 months, Intuitive Machines shares beat the SPX gain of 8.3%.
