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Sep 30, 2023
Intuitive Machines Q3 2023 Earnings Report
Announced third quarter 2023 financial results and reaffirmed expected launch of first lunar mission.
Key Takeaways
Intuitive Machines reported $12.7 million in revenue for the third quarter of 2023, primarily driven by NASA CLPS initiative contracts. The company secured a $20 million equity investment and ended the quarter with a $40.7 million cash balance. The contracted backlog was $135.2 million at quarter-end.
Secured multi-day launch window for first lunar mission, beginning January 12, 2024.
Selected by an International Space Agency in November for a $16.8 million contract to provide lunar rover services.
Diversified customer base with the first significant Department of Defense, Air Force Research Laboratory (“AFRL”) $9.5 million Joint Energy Technology Supplying On-Orbit Nuclear Power (JETSON) award.
Expanded operational capability with the new Lunar Production and Operations Center at the Houston Spaceport.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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