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Intuitive Machines under pressure after fourth quarter earnings miss
Yahoo Finance· 2026-03-19 14:37
Group 1 - Intuitive Machines Inc reported a loss per share of $0.34 for the fourth quarter, missing the consensus estimate of a $0.05 loss per share [1] - The company's revenue for the quarter was $44.79 million, falling short of the forecasted $53.37 million [1] Group 2 - CEO Steve Altemus emphasized strategic milestones for 2025, including the completion of the second lunar mission and expansion into national security space programs [2] - The company has made acquisitions of KinetX Aerospace and Lanteris Space Systems to enhance its scale and growth opportunities [2] Group 3 - Intuitive Machines has advanced contracts with the Space Development Agency and the Missile Defense Agency, with the latter having a ceiling of $151 billion [3] - The company launched the EchoStar XXV satellite and secured a $175 million strategic investment to improve satellite communications and in-space data processing [3] Group 4 - As of February, Intuitive Machines had a combined backlog of approximately $943 million [4] - The company projects full-year 2026 revenue between $900 million and $1 billion and expects positive adjusted EBITDA for the year [4]