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Intuitive Machines (LUNR)
NASDAQ:LUNR
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.09Last Year’s EPS
$0.38Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: 15.39%
|Next Earnings Date:Mar 20, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements, including record revenue growth, a strong cash and backlog position, and notable contract awards. However, these positives were tempered by an operating loss and impairment charges. The overall sentiment is balanced, but leans towards positive due to strategic advancements and financial improvements.Company Guidance
During the Intuitive Machines' third quarter 2024 earnings call, significant guidance metrics were disclosed, highlighting a remarkable revenue growth of $58.5 million, which represents over a fourfold increase compared to the same quarter last year. The company ended the quarter with a substantial cash balance of $89.6 million and no debt, underscoring a robust liquidity position. Additionally, the backlog reached a record $316.2 million, driven by key contracts such as the Near Space Network Services (NSNS) valued at up to $4.82 billion over the next decade. The NSNS contract is expected to significantly boost future margins through a pay-by-the-minute service model, and initial task orders worth $150 million are anticipated to bolster backlog. The company has narrowed its full-year revenue guidance to between $215 million and $235 million, trending towards the midpoint, reflecting ongoing execution and strategic positioning within the burgeoning lunar economy.Record Q3 Revenue Growth
Q3 revenue was $58.5 million, over 4 times the sales from Q3 last year, marking a 359% increase year-over-year.
Strong Cash and Backlog Position
Closed the quarter with a cash balance of $89.6 million and a record backlog of $316.2 million, driven by lunar surface delivery missions and the Near Space Network Services contract.
Near Space Network Services Contract Award
Captured the Near Space Network Services contract valued up to $4.82 billion over the next decade, marking a transformative step in data transmission for in-space communications.
Debt-Free Status
Paid off the outstanding $3 million balance on credit mobilization loan, resulting in zero debt on the balance sheet.
Significant Cash Raise
Raised $80.5 million in cash through the at-the-market offering program, ending the quarter with $106.9 million in cash after key receivables were collected post-quarter.
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LUNR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LUNR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $11.76 | $10.23 | -13.01% |
| Aug 13, 2024 | $3.72 | $3.67 | -1.34% |
| May 14, 2024 | $6.07 | $5.70 | -6.10% |
| Mar 21, 2024 | $5.60 | $6.23 | +11.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Intuitive Machines (LUNR) report earnings?
Intuitive Machines (LUNR) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Intuitive Machines (LUNR) earnings time?
Intuitive Machines (LUNR) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LUNR EPS forecast?
LUNR EPS forecast for the fiscal quarter 2024 (Q4) is -$0.09.
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