Intuitive Machines, Inc. ( (LUNR) ) has released its Q3 earnings. Here is a breakdown of the information Intuitive Machines, Inc. presented to its investors.
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Intuitive Machines, Inc. operates in the space exploration sector, providing services in lunar delivery, data transmission, and infrastructure. The company reported strong third-quarter results for 2024, marked by significant achievements and financial growth. Key highlights include winning a $116.9 million contract with NASA and securing a $4.82 billion data services contract. The company achieved a 359% year-over-year revenue increase, totaling $58.5 million, and reported its highest-ever cash balance of $89.6 million. With a record backlog of $316.2 million, Intuitive Machines is poised for continued expansion. Looking forward, the company projects a full-year revenue outlook of $215-$235 million and expects to maintain a strong cash position, signaling confidence in future growth and strategic initiatives.
