NASDAQ$LUNR
Intuitive Machines Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported financial results for the first quarter ended March 31, 2023.
Intuitive Machines reported first quarter 2023 revenue of $18.2 million, slightly lower than the $18.5 million reported in the first quarter of 2022. The company's operating loss was $(14.0) million, compared to $(4.5) million in the prior year period. The company ended the quarter with a cash balance of $46.8 million and a contracted backlog of $156.1 million.
- Ended the quarter with contracted backlog of $156.1 million, $107.7 million of which is expected to convert to revenue over the remainder of the year.
- Quarter end cash balance of $46.8 million with an additional $13.6 million of cash received in April from additional warrant exercises
- Lunar lander, Nova-C completed all structural tests, a propellant load demonstration, and a full duration mission sequence test paving the way for Intuitive Machines’ first mission to the Moon expected in third quarter of 2023.
- Awarded five year $719 million NASA Omnibus Multi-Engineering Services (“OMES”) III contract in April 2023 to deliver on-orbit services to the Joint Polar Satellite System for NASA
Headline financials
Revenue & EPS history
Intuitive Machines · Revenue · Quarterly
$18.2M
Revenue by segment
Intuitive Machines · $184M total across 3 segments · Q1 2026
- Civil$71.7M—39.0%
- Commercial$61.1M—33.3%
- National Security$50.9M—27.7%
Forward guidance
Intuitive Machines expects 2023 revenue to be in the range of $174 million to $268 million and gross margin to be in the range of about 5–18%. They expect to end the year with a cash balance of approximately $49 million.
Tailwinds
- Revenue generation expected to be stronger in the second half of the year.
- Revenue recognition and timing of several events and contracts anticipated to occur in the second half of the year.
- Stronger second half is in line with previous years.
- Expected growth in line with the aerospace and defense industry.
- Cash balance of approximately $49 million expected at year end.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 14 quarterly earnings reports · overlaid with Q1 2023
+2.3%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+2.1%
Avg return
30 days after
67%
10 / 15 earnings
Positive
+22.4%
Q1 2025
Best reaction
-17.1%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.6% | -8.8% | -25.3% | |
| Q4 2025 | +4.5% | -1.0% | +52.3% | |
| Q3 2025 | +10.3% | +1.2% | +38.2% | |
| Q2 2025 | -4.3% | -0.4% | -19.1% | |
| Q1 2025 | +22.4% | +30.1% | +14.6% | |
| Q4 2024 | -0.2% | -12.5% | -9.1% | |
| Q3 2024 | +5.7% | +6.8% | -0.6% | |
| Q2 2024 | -3.5% | +6.5% | +53.2% | |
| Q1 2024 | -14.0% | -15.3% | -33.6% | |
| Q4 2023 | +14.1% | +27.2% | -7.2% | |
| Q3 2023 | +6.7% | +4.9% | +1.8% | |
| Q2 2023 | -17.1% | -41.3% | -50.2% | |
| Q1 2023 | +7.2% | +3.9% | +15.7% | |
| Q1 2022 | +0.1% | +0.1% | +0.9% | |
| Q4 2021 | +0.3% | +0.3% | -0.2% |
Discussion
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