HOUSTON, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, "Intuitive Machines, " or the "Company")), a leading space exploration, infrastructure, and services company, today announced its financial results for the third quarter ended September 30, 2024. Intuitive Machines CEO Steve Altemus said, "Intuitive Machines had a very strong third quarter highlighted by key wins, revenue growth, and the largest cash balance in Company history. Throughout the quarter, we continued to focus on our three core service pillars: delivery, data transmission, and infrastructure as services. These pillars provide foundational capabilities that enable the missions and goals of commer

HOUSTON, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW)) ("Intuitive Machines") ("Company") announced today that it will release its financial results for the third quarter of 2024 on Thursday, November 14, 2024, before the market opens. Following the news release, the Company will host a conference call the same day at 8:30 am ET to discuss the results. To participate in the call, please register here. Once registered, participants can dial in from their phone using a dial-in and PIN number that will be provided to them. A webcast replay will be available on the investors portion of the Intuitive Machines website at https://investors.intuitivemachines.co

Achieved $41.4 million of revenue in Q2, up 130% YoY; $114.5 million year to date, more than all of 2023 Raised low-end of full-year 2024 revenue outlook to $210 - $240 million, resulting in 2.6x - 3x prior year salesQ2 ending cash balance and milestone payments on existing contracts expected to be sufficient to fund operations through the next 12 monthsCurrently zero debt on the balance sheet; paid down $5 million debt in Q2; remaining $3 million paid in JulyContinued mission two assembly, integration and testing; completed engine qualification; received contract modifications of $12.5 million for landing site selection; expected shipment of the completed lander to the launch site in Q4Sign

HOUSTON, July 31, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW))) ("Intuitive Machines") ("Company") announced today that it will release its financial results for the second quarter of 2024 on Tuesday, August 13, 2024, before the market opens. Following the news release, the Company will host a conference call the same day at 8:30 am ET to discuss the results. To participate in the call, please register here. Once registered, participants can dial in from their phone using a dial-in and PIN number that will be provided to them. A webcast replay will be available on the investors portion of the Intuitive Machines website at https://investors.intuitivemachines.com

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 quarter, a reduction of $12.2 million versus prior yearEnded the quarter with a cash balance of $55.2 million, the largest balance relative to any quarter-end since the Company's inceptionAward

HOUSTON, May 01, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW))) ("Intuitive Machines") ("Company") announced today that it will release its financial results for the first quarter of 2024 on Tuesday, May 14, 2024, before the market opens. Following the news release, the Company will host a conference call the same day at 8:30 am ET to discuss the results. Participants may access the call at 1-877-451-6152, international callers may use 1-201-389-0879, and request to join the Intuitive Machines earnings call. A live webcast of the earnings conference call can also be accessed here. Following the conference call, participants may access the telephonic replay at 1-

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, 2024Supported by the FY 2024 NASA budget passed on March 8, 2024, Intuitive Machines contracts for CLPS and OMES III, as well as key future Artemis campaign contracts NSNS and LTVS were fully funded Validated the performance of the Company's proprietary liquid methane and liquid oxygen propulsion system through the first-ever deep space ignition, resulting in a 7-day mission from launch to the lunar surface in Q1Earned mission completion milestone payments from NASA and commercial customers of approximately $12.5 millio

HOUSTON, March 05, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW))) ("Intuitive Machines") ("Company") announced today that it will release its financial results for the fourth quarter and full-year of 2023 on Thursday, March 21, 2024, before the market opens. Following the news release, the Company will host a conference call the same day at 8:30 am ET to discuss the results. Participants may access the call at 1-877-451-6152, international callers may use 1-201-389-0879, and request to join the Intuitive Machines earnings call. A live webcast of the earnings conference call can also be accessed here. Following the conference call, participants may access the tel

Secured multi-day launch window for first lunar mission, beginning January 12, 2024Selected by an International Space Agency in November for a $16.8 million contract to provide lunar rover services - the largest international award to date as the Company expands its global partnershipsDiversified 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 SpaceportBegan customer transition for NASA's five-year $719 million Omnibus Multi-Engineering Services ("OMES") II

HOUSTON, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW))) ("Intuitive Machines") ("Company") announced today that it will release its financial results for the third quarter of 2023 on Monday, November 13, 2023, before the market opens. Following the news release, the Company will host a conference call the same day at 8:30 am ET to discuss the results. Participants may access the call at 1-877-451-6152, international callers may use 1-201-389-0879, and request to join the Intuitive Machines earnings call. A live webcast of the earnings conference call can also be accessed here. Following the conference call, participants may access the telephonic replay

HOUSTON, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW)) ("Intuitive Machines") ("Company"), a leading space exploration, infrastructure, and services company, has announced it has entered into a Cooperation Agreement with the Johns Hopkins University Applied Physics Laboratory ("APL") to advance safe, secure, and reliable lunar communications and navigation infrastructure in cislunar space. Cislunar space encompasses the region of space that extends from Earth's gravitational influence to the Moon's surface, including its orbit out to over 2 million kilometers distance. Under the agreement, Johns Hopkins University APL intends to collaborate with Intuit

HOUSTON, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, "Intuitive Machines, " or the "Company")), a leading space exploration, infrastructure, and services company, today announced its financial results for the third quarter ended September 30, 2024. Intuitive Machines CEO Steve Altemus said, "Intuitive Machines had a very strong third quarter highlighted by key wins, revenue growth, and the largest cash balance in Company history. Throughout the quarter, we continued to focus on our three core service pillars: delivery, data transmission, and infrastructure as services. These pillars provide foundational capabilities that enable the missions and goals of commer

HOUSTON, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW)) ("Intuitive Machines") ("Company") announced today that it will release its financial results for the third quarter of 2024 on Thursday, November 14, 2024, before the market opens. Following the news release, the Company will host a conference call the same day at 8:30 am ET to discuss the results. To participate in the call, please register here. Once registered, participants can dial in from their phone using a dial-in and PIN number that will be provided to them. A webcast replay will be available on the investors portion of the Intuitive Machines website at https://investors.intuitivemachines.co

HOUSTON, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW))) ("Intuitive Machines") ("Company"), a leading space exploration, infrastructure, and services company, today announced NASA has awarded the Company a Near Space Network ("NSN") contract for communication and navigation services for missions in the near space region, which extends from Earth's surface to beyond the Moon. This Subcategory 2.2 Geostationary Orbit to Cislunar Relay Services is a new Firm-Fixed-Price, Multiple Award, Indefinite-Delivery/Indefinite-Quantity ("IDIQ") Task Order Contract. The contract has a base period of five years with an additional five-year option period, with a maximu

HOUSTON, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW))) ("Intuitive Machines") ("Company"), a leading space exploration, infrastructure, and services company, announced that effective September 16, 2024, Pete McGrath will transition from his current role of Senior Vice President, Chief Operating Officer into the role of Senior Vice President and Chief Financial Officer. Steven Vontur will transition from serving as the Company's Interim Chief Financial Officer to Chief Accounting Officer and Controller, and Jack Fischer will transition to Senior Vice President, Production and Operations. "As we continue to enjoy exponential growth, Intuitive Machines is

HOUSTON, Aug. 29, 2024 (GLOBE NEWSWIRE) -- NASA has awarded Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW))) ("Intuitive Machines") ("Company"), a leading space exploration, infrastructure, and services company, a $116.9 million contract to deliver six science and technology payloads, including one European Space Agency-led drill suite to the Moon's South Pole. This award will leverage Intuitive Machines' lunar delivery, data transmission, and autonomous operation capabilities to explore the region targeted for sustained human operations. "Over the last several years, we've witnessed NASA's successful Artemis I mission and the campaign's progress toward sustainably returning humans to the

Achieved $41.4 million of revenue in Q2, up 130% YoY; $114.5 million year to date, more than all of 2023 Raised low-end of full-year 2024 revenue outlook to $210 - $240 million, resulting in 2.6x - 3x prior year salesQ2 ending cash balance and milestone payments on existing contracts expected to be sufficient to fund operations through the next 12 monthsCurrently zero debt on the balance sheet; paid down $5 million debt in Q2; remaining $3 million paid in JulyContinued mission two assembly, integration and testing; completed engine qualification; received contract modifications of $12.5 million for landing site selection; expected shipment of the completed lander to the launch site in Q4Sign

HOUSTON, Aug. 05, 2024 (GLOBE NEWSWIRE) -- SEOPS, a leading provider of responsive space mission services and Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW))) ("Intuitive Machines"), a leading space exploration, infrastructure, and services company, announced today that they have entered into a launch services agreement. Under the agreement, Intuitive Machines will provide rideshare delivery services to SEOPS as it expands its offering beyond LEO to now include multiple destinations, from geostationary transfer orbit, to the Moon's surface and various Lagrange points between the Earth and Moon starting after 2025. Intuitive Machines' cadence of pioneering lunar exploration and scientific d

HOUSTON, July 31, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW))) ("Intuitive Machines") ("Company") announced today that it will release its financial results for the second quarter of 2024 on Tuesday, August 13, 2024, before the market opens. Following the news release, the Company will host a conference call the same day at 8:30 am ET to discuss the results. To participate in the call, please register here. Once registered, participants can dial in from their phone using a dial-in and PIN number that will be provided to them. A webcast replay will be available on the investors portion of the Intuitive Machines website at https://investors.intuitivemachines.com

HOUSTON, July 18, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW))) ("Intuitive Machines") ("Company"), a leading space exploration, infrastructure, and services company, has finalized the IM-2 mission landing region ahead of its sold-out IM-2 mission. The IM-2 mission is designed to prospect for water ice and other volatiles on the Moon's south pole, which requires a landing site that supports the high probability of ice stability within one meter of the lunar surface. Working with NASA, Intuitive Machines selected a 200-meter diameter elliptical region on the Shackleton Connecting Ridge with favorable terrain, Earth communications position, and solar angles for po

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Cantor Fitzgerald analyst Andres Sheppard reiterates Intuitive Machines (NASDAQ:LUNR) with a Overweight and maintains $10 price target.

Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW))))) ("Intuitive Machines") ("Company"), a leading space exploration, infrastructure, and services company, has qualified the VR900 engine for its IM-2 lunar mission, which also advances the development of the Company's VR3500 engine for larger cargo class landers. Designed, 3D-printed, and tested in-house, the IM-2 VR900 engine completed a full-duration hot-fire test that confirmed increased engine performance utilizing efficient design modifications. Intuitive Machines engineers are applying the design modifications and quality processes to its larger engine system while completing the IM-2 mission lander's final assembly.The scalable VR900 engi

Intuitive Machines's (NYSE:LUNR) short percent of float has fallen 32.15% since its last report. The company recently reported that it has 4.60 million shares sold short, which is 15.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.93 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short i

Cantor Fitzgerald analyst Andres Sheppard reiterates Intuitive Machines (NASDAQ:LUNR) with a Overweight and maintains $10 price target.

Intuitive Machines, Inc. (NASDAQ:LUNR) shares are moving on above-average trading volume Friday. B. Riley Securities analyst Mike Crawford initiated coverage on Intuitive Machines with a Buy rating and an $8 price target.  What To Know:  Intuitive Machines announced on Tuesday that the city of Houston will proclaim July 20, 2024, as ‘Intuitive Machines Day’ in recognition of the successful IM-1 lunar landing on February 22, 2024.  Additionally, Jack Fischer, Vice President of Production, Operations, and Infrastructure at Intuitive Machines, has been appointed to the Texas Aerospace Research and Space Economy Consortium executive committee. In this role, he will support the Texas Spa

B. Riley Securities analyst Mike Crawford initiates coverage on Intuitive Machines (NASDAQ:LUNR) with a Buy rating and announces Price Target of $8.

Intuitive Machines's (NYSE:LUNR) short percent of float has risen 20.8% since its last report. The company recently reported that it has 5.71 million shares sold short, which is 22.3% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.72 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inte

Cantor Fitzgerald analyst Andres Sheppard reiterates Intuitive Machines (NASDAQ:LUNR) with a Overweight and maintains $10 price target.

Cantor Fitzgerald analyst Andres Sheppard reiterates Intuitive Machines (NASDAQ:LUNR) with a Overweight and maintains $10 price target.

B. Riley Securities initiated coverage of Intuitive Machines with a rating of Buy and set a new price target of $8.00

Cantor Fitzgerald initiated coverage of Intuitive Machines with a rating of Overweight and set a new price target of $11.00

ROTH MKM initiated coverage of Intuitive Machines with a rating of Buy and set a new price target of $20.00

Canaccord Genuity initiated coverage of Intuitive Machines with a rating of Buy and set a new price target of $35.00

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