Financial Data and Key Metrics Changes - In Q4 2024, the company reported revenue of $54.7 million, representing a 79% increase compared to the same quarter of the previous year [33] - The total revenue for the fiscal year reached a record $228 million, exceeding the midpoint of previous guidance [9] - The cash balance at the end of 2024 was $207.6 million, following a successful equity raise, and increased to $385 million as of March 10, 2025, after warrant exercises [10][40] - The company ended the fourth quarter with a contracted backlog of $328.3 million, another record for the company [41] Business Line Data and Key Metrics Changes - OMES revenue for Q4 was $30 million, down about $4 million from Q3 as expected [34] - Gross profit for the quarter was $0.7 million, up from $0.3 million in the prior year, indicating progress towards profitability [34] - Operating loss for Q4 was $13.4 million, compared to a loss of $7.5 million in Q4 2023, primarily due to higher SG&A expenses [34] Market Data and Key Metrics Changes - The company is positioned to expand its customer base into areas like National Security Space, diversifying its role in the space economy [12] - The Near Space Network Services contract has a maximum potential value of $4.8 billion, with initial task orders totaling $150 million [25][41] Company Strategy and Development Direction - The company aims to define the future of its operations and the industry by expanding into new markets and revenue streams, particularly in data transmission services [11][12] - The focus for 2025 includes diversification of customers and markets, with a strong emphasis on data services and leveraging existing technologies for new applications [27][30] - The company is exploring strategic acquisitions and investments in technology innovations to enhance its capabilities [90][91] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong financial position and ability to capitalize on new opportunities arising from changes in government acquisition strategies [12][30] - The new administration's focus on commercial service models is seen as beneficial for the company, allowing it to expand its service offerings beyond lunar missions [13][100] - The company anticipates continued growth in revenue, with guidance for 2025 set between $250 million and $300 million [42][43] Other Important Information - The company is actively preparing for its third lunar mission, IM-3, scheduled for next year, which will include deploying data relay satellites [23][24] - The company has appointed James Frelk as Senior Vice President of Data Services to enhance its capabilities in this area [27][116] Q&A Session Summary Question: Future direction of Intuitive Machines - Management discussed the expansion into data services and the potential for the lunar data network to serve multiple customers, including applications for GPS-like capabilities [49][50] Question: Details on the orbital terrain vehicle - The orbital terrain vehicle, named Nebula, is a derivative of the Nova-C lander and is designed to deliver multiple satellites to cislunar space under a government contract [52] Question: Impact of IM-2 mission data on NASA discussions - Management confirmed that the data collected during the IM-2 mission is being reviewed, but no significant changes to the Nova-D design are expected [70] Question: Opportunities in defense technology - The company sees potential in national security space technology, leveraging its existing capabilities for space domain awareness and data relay [92][94] Question: Impact of government efficiency on NASA - Management believes that increased efficiency within NASA could lead to more opportunities for commercial space endeavors, benefiting the company [99][100] Question: Insights on revenue guidance for 2025 - The revenue guidance is supported by existing contracts and potential new opportunities, with a steady rate of revenue expected from the backlog [132] Question: Initial observations from the hot wash review - The hot wash review process is comprehensive, focusing on identifying both successes and areas for improvement, with findings expected to be shared with stakeholders [138]

Group 1 - Intuitive Machines (NASDAQ: LUNR) stock has increased by 25% following the release of its fourth quarter and full-year results [2] - Despite the recent recovery, the stock is still 64.4% below its previous highs after experiencing a 73% decline [2] - The stock price has rebounded by 37.2% since the analyst reiterated a Strong Buy recommendation [2] Group 2 - The investing group, The Aerospace Forum, focuses on identifying investment opportunities within the aerospace, defense, and airline sectors [2] - The analyst provides insights based on a background in aerospace engineering, emphasizing the industry's growth potential [2] - The group offers access to data analytics tools to support investment analysis [2]

Intuitive Machines (LUNR 28.28%) stock is surging Monday following the company's recent quarterly results. The space-tech specialist's share price was up 27% as of 3 p.m. ET.Intuitive Machines published its Q4 report before the market opened this morning, and investors liked what the company had to say about performance in the period and its forward outlook. The company's stock is also getting a boost thanks to bullish momentum for the market at large today.Intuitive Machines stock surges on EBITDA outlookI ...

Financial Data and Key Metrics Changes - In Q4 2024, the company reported revenue of $54.7 million, representing a 79% increase compared to the same quarter of the previous year [33] - The total revenue for the fiscal year reached a record $228 million, exceeding the midpoint of previous guidance [9] - The cash balance at the end of 2024 was $207.6 million, following a successful equity raise, and increased to $385 million by March 10, 2025, after warrant exercises [10][40] - The company ended the year with a contracted backlog of $328.3 million, another record, with expectations to recognize 60% to 65% of this backlog in 2025 [41] Business Line Data and Key Metrics Changes - OMES revenue for Q4 was $30 million, down about $4 million from Q3, as expected [34] - Gross profit for Q4 was $0.7 million, up from $0.3 million in the prior year, indicating progress towards profitability [34] - Operating loss for Q4 was $13.4 million, compared to a loss of $7.5 million in Q4 2023, primarily due to increased SG&A expenses [34] Market Data and Key Metrics Changes - The company is positioned to expand its customer base into areas like National Security Space, diversifying its role in the space economy [12] - The Near Space Network Services contract has a maximum potential value of $4.8 billion, with initial task orders totaling $150 million [25][41] Company Strategy and Development Direction - The company aims to define the future of its operations and the industry by expanding into new markets and revenue streams, particularly in data transmission services [11][12] - The focus for 2025 includes diversification of customers and markets, with a strategic emphasis on higher-margin services [30][41] - The company is exploring M&A opportunities to enhance capabilities and diversify revenue streams [90] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong financial position and ability to capitalize on new opportunities arising from changes in government acquisition strategies [12][30] - The new administration's emphasis on commercial service models is seen as beneficial for the company's growth prospects [12][100] - The company expects revenue growth in 2025 to range from $250 million to $300 million, driven by existing contracts and new opportunities [42][130] Other Important Information - The company is actively working on the design cycle for the Nova-D delivery vehicle and preparing for upcoming contract awards [68][83] - The IM-2 mission successfully demonstrated Nokia's lunar communication technology, enhancing the company's capabilities in data services [80] Q&A Session Summary Question: Future direction of Intuitive Machines - Management discussed the expansion into data services and the potential for a national asset through the lunar data network [49] Question: Details on the orbital terrain vehicle - The vehicle is a derivative of the Nova-C lander, designed for delivering multiple satellites in cislunar space under a government contract [52] Question: Impact of the new administration on Mars programs - Discussions are ongoing about using the CLPS model for Mars, but the focus remains on lunar missions as a strategic priority [75][101] Question: Cash deployment and M&A pipeline - The company is reviewing M&A opportunities and technology innovations to enhance capabilities and diversify revenue streams [90] Question: Insights on revenue guidance for 2025 - Revenue growth is expected to be steady, driven by existing contracts, with potential upside from new opportunities [130]

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 ...

Core Viewpoint - Intuitive Machines faced a significant setback with the landing of its lunar lander Athena, which landed sideways and failed to meet operational expectations, leading to a sharp decline in stock value [1][2][3]. Group 1: Athena Landing Details - Athena landed in a crater 250 meters away from its intended target and could only operate for less than 24 hours, far below the planned 10 days [3]. - The primary payload, designed to search for frozen water, likely did not function due to the lander's position, and other payloads also failed to meet their objectives [4][5]. - Similar issues with laser rangefinders were observed in Athena as with the previous lander, Odysseus, indicating a lack of learning from past failures [6]. Group 2: Market Reaction and Stock Performance - Following the news of Athena's landing, Intuitive Machines' shares dropped sharply, experiencing three consecutive trading days with declines of 20% or more, resulting in a 56% decrease from the start of 2025 [2][10]. - The current stock price is $7.91, with a 12-month price forecast of $16.38, suggesting a potential upside of 107.02% based on analyst ratings [10]. Group 3: Future Prospects - Despite the setbacks, Intuitive Machines has contracts with NASA for two more lunar landings, with the next mission, IM-3, scheduled for late 2025 or early 2026 [9]. - The company's ability to secure future contracts may be jeopardized if it cannot demonstrate improved performance compared to competitors [10][11]. - Intuitive Machines is also developing various space technologies beyond landers, which could provide long-term growth potential if future missions succeed [13].