HOUSTON, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR, “Intuitive Machines,” or the “Company”), a leading space exploration, infrastructure, and services company, today announced its financial results for the third quarter ended September 30, 2024. Intuitive Machines CEO Steve Altemus said, “Intuitive Machines had a very strong third quarter highlighted by key wins, revenue growth, and the largest cash balance in Company history. Throughout the quarter, we continued to focus on o ...

Intuitive Machines, Inc. (LUNR) is slated to report third-quarter 2024 results on Nov. 14, before market open.  See the Zacks Earnings Calendar to stay ahead of market-making news. The Zacks Consensus Estimate for third-quarter revenues is pegged at $52.4 million, implying 311.4% growth from the year-ago quarter's reported figure. The consensus mark for third-quarter earnings is pegged at a loss of 13 cents per share, suggesting an improvement from a loss of 22 cents in the prior-year quarter. The bottom-li ...

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Core Viewpoint - Intuitive Machines, Inc. will release its financial results for Q3 2024 on November 14, 2024, before market opening, followed by a conference call at 8:30 am ET to discuss the results [1]. Company Overview - Intuitive Machines is a diversified space exploration, infrastructure, and services company focused on disrupting lunar access economics [3]. - In 2024, the company successfully landed its Nova-C class lunar lander, Odysseus, on the Moon, marking the return of the United States to the lunar surface for the first time since 1972 [3]. - The company's offerings are categorized into four in-space business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure [3].

Core Viewpoint - Intuitive Machines, Inc. (LUNR) has experienced a significant share price increase of 179.9% year-to-date, outperforming both the aerospace-defense industry and the broader market, driven by its strong position in the lunar space sector and increased U.S. government funding for space exploration [1][3]. Group 1: Company Performance - LUNR's share price surge contrasts with the Zacks Aerospace-Defense industry's decline of 2.5% and the S&P 500's rise of 20% during the same period [1]. - The company has capitalized on the expanding commercial lunar economy, leveraging its expertise in manufacturing space products and services [4]. - LUNR's Nova-C lander achieved a historic milestone by being the first U.S. vehicle to land softly on the lunar surface since 1972, enhancing its reputation and market position [5]. Group 2: Government Funding and Contracts - The U.S. government has significantly increased funding for space exploration, with the fiscal 2024 budget allocating $24.9 billion for NASA's Space Exploration [6]. - LUNR secured a $30 million contract from NASA for a Lunar Terrain Vehicle Services Feasibility Assessment, marking its entry into human spaceflight operations [5]. - The fiscal 2025 U.S. budget includes $7.8 billion for the Artemis campaign, which is expected to further support LUNR's growth prospects [7]. Group 3: Revenue Growth and Backlog - In Q2 2024, LUNR reported a remarkable 130.1% year-over-year growth in revenue, indicating strong operational performance [6]. - The company ended Q2 2024 with a backlog of $213 million and won a Near Space Network contract worth $4.82 billion from NASA, suggesting robust future revenue generation [9]. - The Zacks Consensus Estimate predicts a 311.4% increase in LUNR's third-quarter revenues compared to the previous year, with an 181.5% rise expected for 2024 [10]. Group 4: Valuation and Market Position - LUNR's forward 12-month price-to-sales (P/S) ratio stands at 3.11X, which is higher than the peer group's average of 2.39X, indicating a premium valuation [11]. - Despite the high valuation, the strong growth prospects justify the premium, as the company continues to innovate and expand its product offerings [13]. Group 5: Future Prospects - LUNR is developing its largest lander, the Nova-M, expected to carry 5,000-7,500 kilograms of payload to the lunar surface, which could enhance revenue generation once launched [8]. - The company's cash balance improved by 603% as of June 30, 2024, reflecting strong liquidity and financial health [17].

An exciting theme is emerging within the industrial sector as several small-cap stocks battle for dominance in the aerospace and defense industry, particularly in the space race. Space investors today have many choices, ranging from established defense titans to narrowly focused start-ups. Morgan Stanley forecasts the space industry could reach $1 trillion by 2040, presenting immense growth potential. However, the path to success is filled with risks, as even the most advanced players face setbacks while br ...

The space exploration company got a huge contract award from NASA in September. Shares of Intuitive Machines (LUNR -3.24%) soared 62% higher in September, according to data provided by S&P Global Market Intelligence. The space exploration company completed its first lunar mission earlier this year, and in September a multibillion-dollar contract award from NASA propelled the stock higher. A big contract win for Intuitive Machines On Sept. 17, NASA awarded Intuitive Machines a Near Space Network contract wit ...

Core Viewpoint - Intuitive Machines is a high-risk, high-reward investment opportunity in the lunar vehicle sector, having experienced significant stock volatility since its SPAC merger in February 2023 [1][2]. Company Overview - Intuitive Machines went public through a SPAC merger on February 14, 2023, with its stock initially trading at $10, peaking at $81.99, and currently trading around $9 [1]. - The company primarily generates revenue from NASA contracts, with its first Nova-C lander successfully landing on the moon in February 2023, marking the first successful U.S. moon landing since 1972 [3][4]. Financial Performance - At its peak, Intuitive Machines had an enterprise value of $1.48 billion, equating to 18 times its projected 2023 revenue, but this has since dropped to $553 million, or 2.5 times its expected revenue [2]. - The company projected a compound annual growth rate (CAGR) of 173% from $102 million in 2022 to $759 million in 2024, but actual revenues fell short, with $86 million in 2022 and an estimated $210 million to $240 million for 2024 [5][6]. Future Outlook - Following the successful landing and a new lunar terrain vehicle contract, Intuitive Machines expects revenue growth of 163% to 200% in 2023, with a projected CAGR of 82% from 2023 to 2026, reaching $480 million [7][8]. - Analysts anticipate net losses in 2024 and 2025, but a return to profitability with a net profit of $16 million in 2026 is expected [8]. Operational Challenges - The company faces competition from established aerospace firms and other startups, and its future success hinges on fulfilling existing orders and securing new contracts [9]. - As of the end of Q2 2023, Intuitive Machines had $32 million in cash, sufficient for at least 12 months of operations, but may need to incur additional debt or issue new shares for growth [10]. Investment Potential - If Intuitive Machines meets analysts' 2026 revenue estimates and maintains a valuation of 2.5 times sales, its enterprise value could exceed $1.2 billion [11]. - While the stock may not return to its previous highs, it could still provide significant returns for patient investors if the company successfully expands its business [12].

These two growth stocks have plenty of room to run. Growth stocks have consistently outperformed most other asset classes in recent years, cementing their place as essential components of well-balanced portfolios. Their potential for high rewards, however, comes with increased risk. Savvy investors can capitalize on growth opportunities while minimizing unnecessary risk by targeting companies with a compelling investment thesis, a solid financial foundation, and a top-tier management team. Intuitive Machine ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...