Intuitive Machines, Inc. ( (LUNR) ) has released its Q4 earnings. Here is a breakdown of the information Intuitive Machines, Inc. presented to its investors.
Intuitive Machines, Inc. is a space technology company specializing in lunar access and infrastructure services, known for its innovative approaches in the space sector. The company recently reported its financial results for the fourth quarter and full year of 2024, highlighting significant achievements and financial growth.
The company executed a historic lunar landing on the Moon’s South Pole and expanded its operations with new contracts, including NASA’s Near Space Network. Intuitive Machines also completed a $125 million stock offering, enhancing its financial position. The company reported a record backlog of $328.3 million, a 22% increase from the previous year, and achieved $54.7 million in revenue for Q4, marking a 79% year-over-year increase.
Intuitive Machines ended 2024 with $207.6 million in cash, and following a warrant redemption process, increased its cash balance to $385 million. The company continues to drive towards profitability with a positive gross margin for the second consecutive quarter. Despite a net loss for the year, the company’s strategic initiatives and financial restructuring position it for future growth.
Looking ahead, Intuitive Machines projects a revenue outlook of $250 to $300 million for 2025, with expectations of achieving positive adjusted EBITDA by the end of the year. The company’s management remains focused on leveraging its technological capabilities and exploring high-return opportunities to define the future of space commercialization.