Intuitive Machines posts Q2 revenue of $206 million
Revenue rises to $206 million in the second quarter, reflecting growth in aerospace and lunar services. Net loss narrows year-over-year.
Intuitive Machines reported second-quarter revenue of $206 million, up from $185 million in the same period last year. The Houston-based company, which specializes in aerospace and lunar services, attributed the increase to higher demand for its commercial space systems and government contracts.
The company posted a net loss of $42 million for the quarter, an improvement from a $58 million loss in Q2 2023. Intuitive Machines highlighted progress in its lunar lander program, including the successful landing of its Odysseus spacecraft on the moon in February, as a key driver of revenue growth.
Intuitive Machines has secured multiple contracts with NASA under the Commercial Lunar Payload Services program, which contributed to its revenue performance. The company also noted ongoing negotiations for additional lunar missions and commercial payload services.
Shares of Intuitive Machines were down 2% in pre-market trading following the revenue announcement. The company’s stock has gained approximately 15% year-to-date.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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