NASDAQ$LUNR

Intuitive Machines Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Announced third quarter 2023 financial results and reaffirmed expected launch of first lunar mission.

Intuitive Machines reported $12.7 million in revenue for the third quarter of 2023, primarily driven by NASA CLPS initiative contracts. The company secured a $20 million equity investment and ended the quarter with a $40.7 million cash balance. The contracted backlog was $135.2 million at quarter-end.

  • Secured multi-day launch window for first lunar mission, beginning January 12, 2024.
  • Selected by an International Space Agency in November for a $16.8 million contract to provide lunar rover services.
  • Diversified customer base with the first significant Department of Defense, Air Force Research Laboratory (“AFRL”) $9.5 million Joint Energy Technology Supplying On-Orbit Nuclear Power (JETSON) award.
  • Expanded operational capability with the new Lunar Production and Operations Center at the Houston Spaceport.

Headline financials

Total Revenue

$12.7M

No prior period
EPS (adj)

$1.29

No prior period
Contracted Backlog

$135M

No prior period
Capital Expenditures

-$27.7M

No prior period
Free Cash Flow

$5.98M

No prior period
Net Income

$33.7M

No prior period
Operating Income

-$23.2M

No prior period
Gross Profit

-$25.8M

No prior period
Cash & Equivalents

$40.7M

No prior period
Total Assets

$103M

No prior period
Stock-Based Comp

$1.56M

No prior period

Revenue & EPS history

Intuitive Machines · Revenue · Quarterly

$12.7M

Q3 2023
Beat estimate in 3 of 11 quarters(27%)
ActualEstimate

Revenue by segment

Intuitive Machines · $184M total across 3 segments · Q1 2026

  • Civil
    $71.7M
  • Commercial
    $61.1M
  • National Security
    $50.9M

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 Q3 2023

Historical avgQ3 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

Earnings price reactions
QuarterReport dateReaction (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%

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