Intuitive Machines (LUNR) Reports Q2, Raises Guidance
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Intuitive Machines Reports Second Quarter 2024 Financial Results; Raises Low-end of 2024 Revenue Outlook
August 13, 2024 7:30 AM EDTAchieved $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
