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Intuitive Machines(LUNR) - 2024 Q2 - Earnings Call Transcript
2024-08-13 17:52
Intuitive Machines, Inc. (NASDAQ:LUNR) Q2 2024 Earnings Conference Call August 13, 2024 8:30 AM ET Company Participants Stephen Zhang - Head, Investor Relations Steve Altemus - Chief Executive Officer Steven Vontur - Interim Chief Financial Officer Conference Call Participants Suji DeSilva - Roth Capital Griffin Boss - B. Riley Securities Andres Sheppard - Cantor Fitzgerald Laura Li - Deutsche Bank Andrew Steinhardt - Canaccord Genuity Josh Sullivan - The Benchmark Company Operator Ladies and gentlemen, tha ...
Intuitive Machines(LUNR) - 2024 Q2 - Earnings Call Presentation
2024-08-13 16:44
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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(LUNR) - 2024 Q2 - Quarterly Report
2024-08-13 11:57
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, par value $0.0001 per share LUNR The Nasdaq Stock Market LLC Warrants to purchase one share of Class A Common Stock, each at an exercise price of $11.50 per share LUNRW The Nasdaq Stock Market LLC FORM 10-Q ____________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECU ...
Intuitive Machines(LUNR) - 2024 Q2 - Quarterly Results
2024-08-13 11:33
Exhibit 99.1 Intuitive Machines Reports Second Quarter 2024 Financial Results; Raises Low-end of 2024 Revenue Outlook • 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 suf icient to fund operations through the next 12 months • Currently zero debt on the b ...
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 ...
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Intuitive Machines Inc (NASDAQ: LUNR)
Prnewswire· 2024-08-09 23:41
NEW YORK, Aug. 9, 2024 /PRNewswire/ -- Levi & Korsinsky announces that it has commenced an investigation of Intuitive Machines Inc (NASDAQ: LUNR) concerning possible breaches of fiduciary duty. If you have been a shareholder of LUNR since at least January 29, 2024, and currently hold shares, you can obtain additional information here: https://zlk.com/compensation2/intuitive-machines-inc-lawsuit-submission-form or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363 ...
SEOPS and Intuitive Machines Partner to Provide New Lunar Rideshare Services
Newsfilter· 2024-08-05 12:30
HOUSTON, Aug. 05, 2024 (GLOBE NEWSWIRE) -- SEOPS, a leading provider of responsive space mission services and Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW))) ("Intuitive Machines"), a leading space exploration, infrastructure, and services company, announced today that they have entered into a launch services agreement. Under the agreement, Intuitive Machines will provide rideshare delivery services to SEOPS as it expands its offering beyond LEO to now include multiple destinations, from geostationary trans ...
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 ...
Intuitive Machines Finalizes Landing Site for Sold-out IM-2 Lunar Prospecting Mission
Newsfilter· 2024-07-18 12:30
"A sold-out commercial and civil government mission early in our commercialization roadmap validates our approach to supporting an economy in deep space," said Intuitive Machines CEO Steve Altemus. "Our expertise in landing site selection is world-class, and we believe the ability to identify landing areas with valuable resources will be essential to the future of the lunar economy." Intuitive Machines is a diversified space exploration, infrastructure, and services company focused on fundamentally disrupti ...