Record Fiscal Year Revenue
Intuitive Machines reported a record fiscal year revenue of $228 million, exceeding the midpoint of its previous guidance range.
Strong Cash Position
The company ended 2024 with a record cash balance of $207.6 million, with an increase to $385 million as of March 10, 2025, following warrant exercises.
Successful IM-2 Mission Operations
The IM-2 mission demonstrated significant advancements in space communications, precision navigation, and autonomy, despite some challenges.
Near Space Network Contract Expansion
Intuitive Machines secured additional awards under the $4.8 billion Near Space Network Services contract, positioning for high-margin recurring revenue streams.
Growth Prospects and Strategic Expansion
The company is expanding its customer base into national security space and other markets, with plans for further satellite deployments.
Positive Revenue Guidance for 2025
The company provided a revenue guidance range of $250 million to $300 million for 2025, driven by existing contracts and new opportunities.