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 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 ...