Intuitive Machines(LUNR)

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Here's Why Intuitive Machines, Inc. (LUNR) Fell More Than Broader Market
Zacks Investment Research· 2024-04-17 23:21
In the latest trading session, Intuitive Machines, Inc. (LUNR) closed at $5.01, marking a -0.6% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.58%. At the same time, the Dow lost 0.12%, and the tech-heavy Nasdaq lost 1.15%.Shares of the company have depreciated by 8.2% over the course of the past month, underperforming the Aerospace sector's loss of 4.9% and the S&P 500's loss of 1.09%.The upcoming earnings release of Intuitive Machines, Inc. will be of great i ...
Intuitive Machines(LUNR) - 2023 Q4 - Annual Report
2024-03-25 21:09
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ____________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 001-40823 ____________________________ INTUITIVE MACHINES, INC. (Exact name ...
Intuitive Machines(LUNR) - 2023 Q4 - Earnings Call Transcript
2024-03-21 15:47
Intuitive Machines, Inc. (NASDAQ:LUNR) Q4 2023 Earnings Conference Call March 21, 2024 8:30 AM ET Company Participants Stephen Zhang - Head of Investor Relations Steve Altemus - Chief Executive Officer Steven Vontur - Interim Chief Financial Officer Conference Call Participants Austin Moeller - Canaccord Genuity Joshua Sullivan - The Benchmark Company Andres Sheppard - Cantor Fitzgerald Sujeeva Desilva - ROTH MKM Mike Crawford - B. Riley Securities Operator Welcome to Intuitive Machines Fourth Quarter 2023 ...
Intuitive Machines(LUNR) - 2023 Q4 - Annual Results
2024-03-21 11:33
Lunar Mission Achievements - Intuitive Machines successfully landed its IM-1 mission on the Moon on February 22, 2024, marking the first U.S. lunar landing in over 50 years[4] - Intuitive Machines recognized $12.5 million in mission completion milestone payments from NASA and commercial customers after 144 hours of lunar surface operations[6] - Intuitive Machines validated its proprietary liquid methane and liquid oxygen propulsion system through a 7-day mission from launch to lunar surface in Q1[6] Financial Performance - Q4 2023 revenue was $30.6 million, primarily driven by NASA CLPS contracts and OMES III, compared to $38.0 million in the prior year period[14] - Full-year 2023 revenue was $79.5 million, driven by NASA CLPS contracts and OMES III, compared to $85.9 million in the prior year[14] - Revenue for the year ended December 31, 2023, was $79.5 million, a decrease from $85.9 million in 2022[23] - Net income for the year ended December 31, 2023, was $15.0 million, compared to a net loss of $6.4 million in 2022[23] - Operating loss for the year ended December 31, 2023, was $56.2 million, compared to $5.5 million in 2022[23] - Adjusted EBITDA for the year ended December 31, 2023, was -$49.6 million, compared to -$3.8 million in 2022[28] - Free cash flow for the year ended December 31, 2023, was -$75.2 million, compared to -$15.6 million in 2022[30] - Net cash used in operating activities for the year ended December 31, 2023, was $45.3 million, compared to $784 thousand provided by operating activities in 2022[25] Backlog and Contracts - The company concluded 2023 with a backlog of $268.6 million, nearly doubling in Q4 due to OMES III task orders and other contracts[6] - Backlog increased by $66.7 million to $268.6 million as of December 31, 2023, compared to $201.9 million on December 31, 2022[32] - New awards contributed $184.4 million to the backlog, primarily driven by the OMES III project ($142.4 million), an international payload mission ($17.6 million), and the JETSON contract ($9.5 million)[32] - Continued performance on existing contracts reduced backlog by $79.5 million[32] - Contract value adjustments decreased backlog by $38.2 million, mainly related to time and materials and other contracts[32] Cash and Assets - The company ended Q4 2023 with a cash balance of $4.5 million, which increased to $54.6 million by March 1, 2024, due to warrant exercises from an institutional investor[14] - Cash and cash equivalents decreased to $4.5 million at the end of 2023 from $25.8 million at the end of 2022[21] - Total assets increased to $85.9 million at the end of 2023 from $67.0 million at the end of 2022[21] - Total liabilities increased to $139.3 million at the end of 2023 from $124.6 million at the end of 2022[21] Operational Highlights - Intuitive Machines achieved positive gross margin driven by OMES III revenue and cost discipline[6] - The company commenced the OMES III program and recognized $12.5 million in revenue in December 2023[7] - The company transitioned its headquarters to a new Lunar Production and Operations facility, partnering with the City of Houston and the Houston Airport System for financing[7] Compensation and Expenses - Share-based compensation expense for the year ended December 31, 2023, was $4.3 million, compared to $624 thousand in 2022[28]
Intuitive Machines(LUNR) - 2023 Q3 - Earnings Call Transcript
2023-11-16 06:09
Intuitive Machines, Inc. (NASDAQ:LUNR) Q3 2023 Earnings Conference Call November 13, 2023 8:30 AM ET Company Participants Stephen Zhang - Investor Relations Stephen Altemus - Co-founder, President, Chief Executive Officer Erik Sallee - Chief Financial Officer Conference Call Participants Joshua Sullivan - The Benchmark Company Edison Yu - Deutsche Bank Andres Sheppard-Slinger - Cantor Fitzgerald Austin Moeller - Canaccord Genuity Sujeeva Desilva - ROTH Capital Partners Operator Welcome to Intuitive Machines ...
Intuitive Machines(LUNR) - 2023 Q3 - Earnings Call Presentation
2023-11-16 04:44
today's presenters 2 3 4 5 | --- | --- | --- | --- | --- | --- | --- | --- | |------------|-------|-------|-------|-------|-----------------------|-------|-------| | | | | | | | | | | | | | | | | | | | SECTION 01 | 14,5 | | | | LUNAR ACCESS SERVICES | | | NASA PRIME-1 Drill Suite Integrated to the Lander Structure investor update November 13, 2023 Third Quarter 2023 Steve Altemus CO-FOUNDER, PRESIDENT & CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER Erik Sallee | --- ...
Intuitive Machines(LUNR) - 2023 Q3 - Quarterly Report
2023-11-13 21:06
Table of Contents FORM 10-Q ____________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 001-40823 ____________________________ INTUITIVE MACHINES, INC. (Exact name of registrant as specified in its charter) ____________________ ...
Intuitive Machines(LUNR) - 2023 Q2 - Earnings Call Presentation
2023-08-16 18:01
20 TH 15 SECTION 04 1 today's presenters 2 3 4 AGENDA SECTION 01 6- 7 INTUITIVE MACHINES IS A DIVERSIFIED SPACE COMPANY FOCUSED ON SPACE EXPLORATION. INTUITIVE MACHINES SUPPLIES SPACE PRODUCTS AND SERVICES TO SUPPORT SUSTAINED ROBOTIC AND HUMAN EXPLORATION TO THE MOON, MARS, AND BEYOND. - IM WILL UTILIZE ITS PROPRIETARILY DEVELOPED LUNAR LANDER VEHICLE TO SERVICE CLPS CONTRACTS TO FLY NASA SCIENTIFIC EQUIPMENT TO THE LUNAR SURFACE AND SUPPORT EXPERIMENTS - 3 MISSIONS CONTRACTED TO DATE - IM WILL OPERATE MIS ...
Intuitive Machines(LUNR) - 2023 Q2 - Earnings Call Transcript
2023-08-16 14:16
Intuitive Machines Inc. (NASDAQ:LUNR) Q2 2023 Results Conference Call August 14, 2023 4:30 PM ET Company Participants Josh Marshall - IR Stephen Altemus - CEO Erik Sallee - CFO Conference Call Participants Suji Desilva - Roth MKM Austin Moeller - Canaccord Genuity Laura Li - Deutsche Bank Andres Sheppard - Cantor Fitzgerald Operator Ladies and gentlemen, greetings, and welcome to the Intuitive Machines Second Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is be ...
Intuitive Machines(LUNR) - 2023 Q2 - Quarterly Report
2023-08-14 20:08
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ____________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 001-40823 ____________________________ INTUITIVE MACHINES, INC. (Exact n ...