Intuitive Machines Reports First Quarter 2024 Financial Results; Provides 2024 Revenue Outlook
Intuitive Machines(LUNR) Newsfilter·2024-05-14 19:29
Delivered NASA and commercial payloads to the Moon further south than any vehicle in history, marking the United States' first lunar landing in over 50 years, on February 22, 2024Achieved record revenues in the quarter; $73.1 million, an increase of over 300% versus prior yearContinued positive gross margin momentum; $12.2 million in the quarter driven by IM-1 mission success milestone payments from NASA and commercial customersDisciplined cash management; $6.4 million cash used from operations in the quart ...