Acquisition And ExpansionIntuitive Machines announced the acquisition of KinetX, a deep space navigation/communications software provider, to expand internal resources across Earth Orbit, Moon and Mars constellation management capabilities.
Backlog And Revenue RecognitionLUNR exits FY24 with record backlogs of $328M, a strong cash position of +$385M, and positive FY25 EBITDA guidance, providing a solid operational backstop.
Free Cash FlowIntuitive Machines generated FCF of $13.3M driven by the improved margin profile of the business and favorably timed milestone payments, marking the first positive FCF quarter in company history.