Intuitive Machines rockets 35% after lunar landmark

6 hours ago 14

Moz Farooque

Tue, May 13, 2025, 11:50 AM 1 min read

The institution posted Q1 gross of $62.5 million, missing the $66.1 cardinal Wall Street consensus, but gross borderline climbed to 11%, marking a 3rd consecutive 4th of affirmative margins arsenic Commercial Lunar Payload Services, Lunar Terrain Vehicle Services and Near Space Network Services each saw maturation and a displacement toward higher-margin work offerings.

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CEO Steve Altemus said, We judge Intuitive Machines brings proven show and velocity to market, pointing to palmy Jet Propulsion Laboratory rover tests up of the IM-3 mission. Intuitive Machines generated $19.4 cardinal successful operating currency and milestone payments and ended the 4th with $373.3 cardinal successful currency pursuing a warrant redemption.

The institution reaffirmed its 2025 gross forecast of $250 cardinal to $300 cardinal and expects to scope affirmative adjusted EBITDA connected a run-rate ground by year-end, mounting the signifier for full-year profitability successful 2026. Compared to galore abstraction infrastructure peers inactive burning cash, Intuitive Machines's wide way to profitability stands out.

Management is besides diversifying beyond lunar missions into nationalist information and microgravity applications. As the sole contractor connected the Air Force Research Laboratory's JETSON atomic propulsion programme and recipient of a $10 cardinal Texas Space Commission grant, the steadfast is advancing in-space atomic capabilities and reentry research.

Investors should enactment that beardown currency flow, borderline enlargement and high-profile authorities contracts could thrust sustainable maturation contempt the top-line miss.

This nonfiction archetypal appeared connected GuruFocus.

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