Intuitive Machines(LUNR)

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Space Company Boasts: We Won't Run Out of Money for at Least a Year
The Motley Fool· 2024-08-20 13:09
Intuitive Machines remains a speculative space stock -- but it's got potential to rocket. Investors in start-up moon lander stock Intuitive Machines (LUNR 7.32%) had a rather curious experience last week. Reporting earnings early in the week, Intuitive delivered the shocking news that, instead of losing $0.18 per share (as Wall Street expected), it earned a profit of $0.29 per share. Now, you might have expected news like this to elicit a round of applause from Wall Street. It didn't. Or at least, it didn't ...
Intuitive Machines Stock: It's Time To Buy (Rating Upgrade)
Seeking Alpha· 2024-08-19 13:30
Digital Vision./DigitalVision via Getty Images All that glitters is not gold. But sometimes, new data, new developments, and new perspectives change your opinion. When I first covered Intuitive Machines, Inc. (NASDAQ:LUNR) in February 2023, I found the company very interesting given its focus on the lunar economy, which, at the time, differentiated it from other public space exploration companies. That said, I thought investors should take a more cautious approach toward LUNR stock, as I felt Mr. Market had ...
Trade of the Day: Explore the Final Frontier with Intuitive Machines (LUNR) Stock
Investor Place· 2024-08-14 15:33
Aerospace and defense specialist Intuitive Machines (NASDAQ:LUNR) – which designs, manufactures and operates space products and services – saw its shares slip on Tuesday. Following a mixed-earnings report for the second quarter, investors weren't feeling the love for LUNR stock. Nevertheless, for contrarian bulls, this rising member of the space economy could potentially offer outsized rewards. Yesterday morning, Intuitive reported a loss per share of 5 cents. This figure significantly mitigated the expecte ...
Intuitive Machines(LUNR) - 2024 Q2 - Earnings Call Transcript
2024-08-13 17:52
Financial Data and Key Metrics - Revenue for Q2 2024 was $41.4 million, more than double the same quarter last year ($18 million) [5][12] - Revenue for the first half of 2024 was $114.5 million, exceeding all of 2023 [5] - Operating loss for Q2 2024 was $28.2 million, compared to $13.2 million in Q2 2023, driven by the completion of the IM-1 mission, contract modifications, and increased SG&A costs [14] - Cash balance remained strong at $31.6 million, with $21.5 million paid for launch provider payments and $5 million of debt retired in Q2 [15] - Free cash flow in Q2 was an outflow of $33.5 million, primarily due to launch provider payments [16] - Contracted backlog at the end of Q2 was $213 million, with new awards such as the $29 million for Phase 1 of the LTVS project [17] Business Line Data and Key Metrics - The company has booked nearly $70 million of new backlog in 2024, with significant opportunities still on the horizon [5] - Intuitive Machines has sold out rideshare capacity on its second mission and secured commercial rideshare delivery services for asteroid mining on its third mission [7] - The company completed the system requirements review for its Lunar Terrain Vehicle Services program, validating its wheeled vehicle and heavy cargo class lander designs [8] - Intuitive Machines submitted a letter to NASA expressing interest in commercializing the NASA VIPER rover system, leveraging its heavy cargo class lander capabilities [9] Market Data and Key Metrics - The company is advancing its three pillars of space commercialization: delivery services, data transmission services, and autonomous operations [4] - Intuitive Machines is uniquely positioned to win the Near Space Network Services (NSNS) contract, which is critical for enabling comprehensive data services around the moon [10] - The company is focused on establishing itself as a pioneering space exploration company, with the addition of NSNS positioning it to offer key services for a robust lunar economy [11] Company Strategy and Industry Competition - Intuitive Machines is leveraging government contracts to create and mature commercial services, a model it believes is a winning formula [7] - The company is focused on developing capabilities for delivery services, data transmission services, and autonomous operations, which are essential for future space exploration [6] - Intuitive Machines is competing in the LTV bidding pool as the only prime contractor with demonstrated experience delivering, transmitting data from, and autonomously operating on the lunar surface [8] - The company is responding to China's advancements in lunar exploration by emphasizing the importance of VIPER's science for US space exploration [9] Management Commentary on Operating Environment and Future Outlook - Management raised the low end of the full-year 2024 revenue guidance from $200 million to $210 million, resulting in a new range of $210 million to $240 million [5][17] - The company is confident in its cash position, with sufficient funds to cover expected operations for the next 12 months [15] - Intuitive Machines is focused on key program awards, including the NSNS and CP-22 contracts, which are expected to drive accelerated growth and solidify its long-term business plan [17][18] Other Important Information - The company has moved into its new Houston Spaceport facility, which allows for the simultaneous construction of multiple spacecraft [7] - Intuitive Machines has designed and manufactured the majority of its flight hardware for its third mission and is preparing for assembly and integration [7] - The company is working on a coalition to commercialize the VIPER rover mission, aiming for a late 2027 timeframe [45][46] Q&A Session Summary Question: Timing and implications of NASA's response to Intuitive Machines' VIPER submission [19] - NASA canceled VIPER due to budget concerns, and Intuitive Machines is proposing a commercial mission to fly VIPER using its Nova-D heavy cargo lander [19][20] - The company is forming a coalition with commercial companies, international partners, and universities to offset costs and improve mission economics [20][21] Question: Milestones for the lunar communications network [22] - Intuitive Machines is aiming to deploy a communication satellite data relay satellite by Mission 3, with key milestones including the NSNS contract awards expected in August and September [22][23] Question: Facilities cost and CapEx [24] - The company has essentially completed its CapEx investment for the new Lunar Production & Operations Center, with no large CapEx requirements expected going forward [24] Question: Delays in NSNS and CP-22 contract awards [26] - The company expects the NSNS and CP-22 contract awards in August and September, respectively, with no significant delays anticipated [26] Question: Investment required for VIPER [27] - Intuitive Machines is still assessing the costs associated with VIPER, but believes the $84 million budget left by NASA is not reflective of commercial costs [27][28] Question: Milestone payments for IM-2 [29] - The company is tracking to a December-January launch window for IM-2, with final milestone payments expected in 2025 [29][30] Question: OMES contract progress and margins [36][37] - The OMES contract is back on schedule and within budget, with high single-digit margins expected for the service contract [37][39] Question: Diversification beyond NASA [42] - Intuitive Machines is pursuing DoD work, including rideshare payloads and a subcontract with another commercial entity, and is executing on the JETSON low-power contract [42][43] Question: Potential move of VIPER to Nova-D mission [45] - The company is in discussions with NASA and aims to launch VIPER commercially by late 2027, pending feedback from NASA [45][46] Question: Timing of NSNS contract award [47] - Intuitive Machines expects the NSNS contract awards in August and September, with no impact anticipated from the election or budget flush [47][49] Question: Commercial demand for LTV [50] - The company sees significant commercial interest in the LTV, with plans to monetize it during the five months it is not operated by NASA [50][51]
Intuitive Machines, Inc. (LUNR) Reports Q2 Loss, Misses Revenue Estimates
ZACKS· 2024-08-13 14:35
Intuitive Machines, Inc. (LUNR) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 64.29%. A quarter ago, it was expected that this company would post a loss of $0.14 per share when it actually produced a loss of $0.21, delivering a surprise of -50%. Over the last four quarters, the company ...
Intuitive Machines Reports Second Quarter 2024 Financial Results; Raises Low-end of 2024 Revenue Outlook
GlobeNewswire News Room· 2024-08-13 11:30
Achieved $41.4 million of revenue in Q2, up 130% YoY; $114.5 million year to date, more than all of 2023 Raised low-end of full-year 2024 revenue outlook to $210 - $240 million, resulting in 2.6x - 3x prior year sales Q2 ending cash balance and milestone payments on existing contracts expected to be sufficient to fund operations through the next 12 months Currently zero debt on the balance sheet; paid down $5 million debt in Q2; remaining $3 million paid in July Continued mission two assembly, integration a ...
Intuitive Machines Announces Date for Second Quarter 2024 Financial Results Conference Call
GlobeNewswire News Room· 2024-07-31 20:24
HOUSTON, July 31, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) ("Intuitive Machines") ("Company") announced today that it will release its financial results for the second quarter of 2024 on Tuesday, August 13, 2024, before the market opens. Following the news release, the Company will host a conference call the same day at 8:30 am ET to discuss the results. To participate in the call, please register here. Once registered, participants can dial in from their phone using a dial-in ...
Why Intuitive Machines Stock Popped 12%, Then Dropped, Today
The Motley Fool· 2024-06-28 19:05
Earlier this week, I suggested three space stocks that have gotten cheap enough after their SPAC-frenzy IPOs to be worth buying today. It seems someone on Wall Street was paying attention. What's up with that? This morning, shares of one of my three space stock picks, lunar lander specialist Intuitive Machines (LUNR -6.89%), surged 12% on a new buy recommendation from investment bank B. Riley. The stock has turned around and resumed falling again, however, and as of 12:20 p.m. ET is now down 4% from Thursda ...
Intuitive Machines Honored by City of Houston; Texas Aerospace Research and Space Economy Consortium - Texas Space Commission Appointment
Newsfilter· 2024-06-25 11:29
HOUSTON, June 25, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. ("Intuitive Machines" or the "Company"), a leading space exploration, infrastructure, and services company, announced today that the City of Houston will proclaim July 20, 2024, as 'Intuitive Machines Day' in recognition of the successful IM-1 lunar landing on February 22, 2024. This historic achievement marked the first U.S. lunar landing since 1972, aligning symbolically with the anniversary of the Apollo 11 Moon landing on July 20, 1969. ...
3 Tiny Space Value Stocks: Which One Should You Buy?
The Motley Fool· 2024-06-23 11:07
This question popped into my mind last year as I watched shares of SPAC-sponsored space companies crater in price. Boosted by low interest rates and lots of free government stimulus money handed out during the pandemic, multiple space stocks with big dreams but tiny (or no) profits went "to the moon." But as the money dried up and the dreams toned down, share prices followed. 1. Intuitive Machines At today's valuation, I see the stock having a lot of potential, and not much risk -- assuming it can raise eno ...