NASDAQ$LUNR
Intuitive Machines Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Intuitive Machines reported financial results for the second quarter ended June 30, 2024, and raised the low-end of full-year 2024 revenue outlook.
Intuitive Machines reported a strong second quarter with a 130% year-over-year increase in revenue, reaching $41.4 million. The company raised the low-end of its full-year 2024 revenue outlook to $210 - $240 million. They are now debt free and expect to have sufficient cash to fund operations for the next 12 months.
- Achieved $41.4 million of revenue in Q2, up 130% year-over-year.
- Raised low-end of full-year 2024 revenue outlook to $210 - $240 million.
- Ended Q2 with a $31.6 million cash balance, expected to be sufficient to fund operations for the next 12 months.
- Paid down $5 million debt in Q2, becoming debt free in July.
Headline financials
Revenue & EPS history
Intuitive Machines · Revenue · Quarterly
$41.4M
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 full-year 2024 revenue of $210 - $240 million and anticipates the Q2 ending cash balance will be sufficient to fund operations through the next 12 months.
Tailwinds
- Expect full-year 2024 revenue of $210 - $240 million, resulting in 2.6x - 3x prior year sales
- Q2 ending cash balance expected to be sufficient to fund operations through the next 12 months
- Continue to add cash reserves based on projected wins and planned operations to execute growth trajectory
- Backlog expansion driven by key upcoming awards; Near Space Network Services (NSNS), the next Commercial Lunar Payload Services (CLPS) award, among others
- Expected shipment of the mission two completed lander to the launch site in the fourth quarter with the launch window extending through the first quarter of 2025
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 Q2 2024
+2.3%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+4.0%
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% | — | |
| 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% |
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