Intuitive Machines (LUNR) Reports Q2, Raises Guidance

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Go back to Intuitive Machines (LUNR) Reports Q2, Raises Guidance

Intuitive Machines Reports Second Quarter 2024 Financial Results; Raises Low-end of 2024 Revenue Outlook

August 13, 2024 7:30 AM EDT

Achieved $41.4 million of revenue in Q2, up 130% YoY; $114.5 million year to date, more than all of 2023

Raised low-end of full-year 2024 revenue outlook to $210 - $240 million, resulting in 2.6x - 3x prior year sales

Q2 ending cash balance and milestone payments on existing contracts expected to be sufficient to fund operations through the next 12 months

Currently zero debt on the balance sheet; paid down $5 million debt in Q2; remaining $3 million paid in July

Continued mission two assembly, integration and testing;... More