Backlog And RevenueIn Q1, LUNR’s backlog jumped 22% y/y to ~$272M, of which management expects to recognize 45-50% as revenue in FY25.
Contracts And PartnershipsCEO Steve Artemis highlighted the $2.5M contract awarded by NASA to provide lunar logistics handling and offloading as well as surface cargo and mobility.
Financial PerformanceIntuitive 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.