Intuitive Machines cash offers ‘ample runway’ for growth, says B. Riley

B. Riley says that while Intuitive Machines (LUNR)’ Q4 revenue and EBITDA fell short of projections, the company disclosed it amassed $385M of cash as of March 10, following redemption of its $11.50 per share warrants, providing an “ample runway” to launch its space technology, infrastructure, and services businesses. Intuitive now has the flexibility to both pursue organic growth initiatives while also considering bolt-on acquisitions, the analyst tells investors in a research note. Riley keeps a Buy rating on the shares with a $14 price target