Shares of Intuitive Machines (LUNR) soared 5.21% in pre-market trading on Tuesday, building on the previous day's 30% gain, as investors continued to react positively to the space exploration company's fourth-quarter results and future prospects.
The company reported strong Q4 revenue of $54.7 million, up 79% year-over-year, contributing to a record fiscal year revenue of $228 million. Intuitive Machines also announced a record backlog of $328.3 million, with expectations to recognize 60% to 65% of it during 2025. While the company's 2025 revenue guidance of $250-$300 million fell short of analysts' expectations, investors were encouraged by management's projection of positive EBITDA in 2026.
CEO Steve Altemus highlighted the company's progress, stating, "Over the past year, we've deliberately positioned ourselves for long-term success by expanding our technical capabilities, opening new revenue streams, and fortifying our financial position." Intuitive Machines ended 2024 with a strong cash position of $207.6 million, which increased to $385 million by March 10, 2025, following recent capital raising activities. This robust liquidity provides the company with ample resources to fund its ambitious growth plans and potential strategic acquisitions in the space sector.
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