Intuitive Machines, Inc. (NASDAQ:LUNR) Q4 2024 Earnings Conference Call March 24, 2025 8:30 AM ET Company Participants Stephen Zhang - Head of Investor Relations Steve Altemus - Co-Founder, President and Chief Executive Officer Pete McGrath - Chief Financial Officer Conference Call Participants Suji DeSilva - ROTH Capital Mike Crawford - B. Riley Securities Austin Moeller - Canaccord Genuity Andres Sheppard - Cantor Fitzgerald Edison Yu - Deutsche Bank Ronald Epstein - Bank of America Josh Sullivan - Benchm ...

Pete McGrath CHIEF FINANCIAL OFFICER Steve Altemus CO -FOUNDER, PRESIDENT & CHIEF EXECUTIVE OFFICER DISCLAIMER AND FORWARD LOOKING STATEMENTS This presentation (and oral statements made regarding the subjects of this presentation) includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements that do not relate to matters of historical fact should be considered forward looking. These forward-looking statements generally are iden ...

Financial Performance - Achieved Q4 2024 revenue of $54.7 million, a 79% increase year-over-year, and full-year revenue of $228.0 million, nearly three times the revenue of 2023[4] - Revenue for the three months ended December 31, 2024, was $54,662 thousand, a significant increase from $30,591 thousand in the same period of 2023, representing an increase of 78.7%[18] - Full-year 2025 revenue outlook projected between $250 million and $300 million[5] - Operating loss for the year ended December 31, 2024, was $(57,396) thousand, compared to $(61,119) thousand in 2023, showing an improvement of 6.5%[18] - Net loss attributable to Class A common shareholders for the year ended December 31, 2024, was $(284,309) thousand, compared to a net income of $59,419 thousand in 2023[18] - Free cash flow for the year ended December 31, 2024, was $(67,698) thousand, slightly improved from $(75,190) thousand in 2023[25] Backlog and Contracts - Reported a record backlog of $328.3 million, representing a 22% year-over-year increase and the highest quarter-ending backlog in the company's history[4] - Backlog increased by $59.8 million to $328,345 thousand as of December 31, 2024, driven by $303.7 million in new awards from NASA contracts[27] Cash and Liquidity - Ended 2024 with $207.6 million in cash, increasing to $385 million as of March 10, 2025, following the completion of the warrant redemption process[4] - Cash and cash equivalents at the end of the period increased to $207,607 thousand from $4,498 thousand in 2023, indicating a substantial liquidity improvement[20] - The company reported a net cash used in operating activities of $(57,587) thousand for the year ended December 31, 2024, compared to $(45,279) thousand in 2023[20] Operating Expenses and Margins - Total operating expenses for the year ended December 31, 2024, were $285,396 thousand, up from $140,670 thousand in 2023, reflecting an increase of 102.2%[18] - Achieved positive gross margin in Q4 and for the full year, marking the second consecutive quarter of positive gross margin[4] Strategic Initiatives - The company is focusing on internal innovation and strategic acquisitions to seek high-return opportunities and expand into new markets[3] - Completed a $125 million upsized offering of Class A common stock and a concurrent private placement with Boryung Corporation[4] - Diversified customer base through a contract to adapt current technologies for a government customer, specifically an in-space orbital transfer vehicle[4] - Executed the southernmost lunar landing on the Moon's South Pole region and accelerated payload operations for various NASA and commercial projects[4] Share-Based Compensation - Share-based compensation expense for the year ended December 31, 2024, was $8,798 thousand, up from $4,273 thousand in 2023, indicating increased compensation costs[22] Liabilities - The change in fair value of earn-out liabilities for the year ended December 31, 2024, was $120,124 thousand, compared to $(66,252) thousand in 2023, highlighting significant volatility in liabilities[22]

HOUSTON, March 24, 2025 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, "Intuitive Machines, " or the "Company")), a leading space technology, infrastructure, and services company, today announced its financial results for the fourth quarter and full-year ended December 31, 2024. Intuitive Machines CEO Steve Altemus said, "Just two years ago, we became a public company with a bold vision for the future. Over the past year, we've deliberately positioned ourselves for long-term success by expanding ...

Intuitive Machines, Inc. LUNR will release its fourth-quarter financial results, before the opening bell, on Monday, March 24.Analysts expect the Houston, Texas-based company to report quarterly loss at 8 cents per share. Intuitive Machines projects quarterly revenue of $55.77 million, compared to $30.56 million a year earlier, according to data from Benzinga Pro.On March 10, Intuitive Machines announced completion of redemption of its outstanding warrants.Intuitive Machines shares fell 2.1% to close at $7. ...

Intuitive Machines, Inc. (LUNR) is slated to report fourth-quarter 2024 results on March 24, before market open.     See the Zacks Earnings Calendar to stay ahead of market-making news. The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $56.6 million, implying 85.2% growth from the year-ago quarter's reported figure. The consensus mark for fourth-quarter bottom line is pegged at a loss of 8 cents per share, suggesting an improvement from a loss of 11 cents reported in the prior-year quart ...

Intuitive Machines TodayLUNRIntuitive Machines$7.91 +0.60 (+8.21%) 52-Week Range$3.15▼$24.95Price Target$16.38Add to Watchlist Space exploration stock Intuitive Machines NASDAQ: LUNR recently had one of the more pivotal days in its history. Unfortunately, Mar. 6 ended up as a day of reckoning rather than one of celebration. Intuitive's second lunar lander, nicknamed Athena, reached the moon’s surface just before noon CST. However, Athena met a similar fate as Intuitive's first lander, Odysseus. Both landed ...

HOUSTON, March 17, 2025 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR) (“Intuitive Machines”) (“Company”) announced today that it will release its financial results for the fourth quarter and full-year of 2024 on Monday, March 24, 2025, 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 d ...

Intuitive Machines, Inc. (LUNR) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they ...

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.Hopes were high when Intuitive Machines launched its second moon mission. The lunar mission ended in a terrible disappointment, and the stock has declined by 73% from its highs.Dhierin runs the investing group The Aerospace Forum , whose goal is to ...