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Intuitive Machines Slips To Loss In Q4, Revenues Climb; Sees Growth Ahead; Stock Up In Pre-market

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

While reporting fourth-quarter results, Intuitive Machines, Inc. (LUNR), a space technology, infrastructure, and services company, issued fiscal 2025 outlook for adjusted EBITDA, a key earnings metric, and revenues, expecting year-over-year growth.

In pre-market activity on the Nasdaq, Intuitive Machines shares were gaining around 3 percent to trade at $7.30.

For fiscal 2025, the company projects positive run-rate Adjusted EBITDA and revenue of $250 million to $300 million.

The Wall Street analysts on average expect the company to report revenues of $342.47 million. Analysts' estimates typically exclude special items.

In fiscal 2024, the company recorded adjusted EBITDA loss of $41.70 million on revenues of $228 million.

Further, the company projects positive adjusted EBITDA in 2026.

In its fourth quarter, net loss attributable to shareholders was $149.34 million, compared to prior year's profit of $7.74 million.

Revenue climbed 79 percent to $54.66 million from $30.59 million a year ago.

The Street was looking for revenues of $55.77 million for the quarter.

Backlog was $328.3 million, a 22% increase year-over-year and the highest quarter-ending backlog in Company history.

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