Intuitive Machines Set for Q1 Earnings Report Amid Stock Surge
Intuitive Machines Q1 Preview: Space Stock Hits Highs As Backlog Becomes The Story
Benzinga
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Intuitive Machines, a space technology company, is set to report its Q1 earnings with expectations of a record revenue of $204.63 million, up from $62.52 million last year. The stock has surged 186% over the past year, driven by a strong backlog of contracts and a renewed interest in space exploration.
- 01Intuitive Machines expects Q1 revenue of $204.63 million, a significant increase from last year.
- 02The company has missed revenue estimates for five consecutive quarters.
- 03Analysts predict a loss of 6 cents per share, improved from last year's 11 cents.
- 04The current backlog stands at $943 million, with potential for growth.
- 05Intuitive Machines aims for positive adjusted EBITDA by 2026.
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Intuitive Machines (NASDAQ:LUNR) is poised to report its first-quarter financial results, with analysts forecasting a record revenue of $204.63 million, significantly higher than last year's $62.52 million. The company has struggled with revenue estimates, missing them for five consecutive quarters. Analysts predict a loss of 6 cents per share, an improvement from the 11 cents loss reported in the same quarter last year. The stock has surged 186% in the past year, attributed to a strong backlog of contracts totaling $943 million and growing interest in the space sector, particularly following recent developments in space travel. Investors will be keen to see if Intuitive Machines can exceed estimates and provide an update on its backlog. The company is also targeting positive adjusted EBITDA by 2026, indicating a focus on profitability. As the space industry gains traction, Intuitive Machines is positioned to benefit from this renewed interest.
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