LUNR Earnings: Will Intuitive Machines Turn a Profit Soon?
Intuitive Machines (LUNR) stock rose Monday after the space travel company released its Q4 2024 earnings report. Revenue reported by Intuitive Machines increased 79% year-over-year to $54.7 million. However, that missed Wall Street's Q4 revenue estimate of $55.7 million. Despite the miss, the company noted its backlog was $328.3 million, up 22% from Q4 2023 and a new quarter-end record. Light Up your Portfolio with Spark:
Intuitive Machines reported a net loss of $149.92 million in its latest quarter, a negative shift from the $8.43 million in net income reported in the same period of the previous year. Even so, it reported $207.6 million in cash on hand at year's end and a $385 million balance sheet as of March 10. Intuitive Machines CEO Steve Altemus said the company is 'stronger than ever— financially secure, debt-free, and ready to take the next leap.'
LUNR stockholders appeared hopeful about the company's future, as shares climbed 2.68% in pre-market trading this morning. That could mark a positive change for the company as its shares were down 60.96% year-to-date.
While Altemus may have high hopes for the future, the company's guidance is more mixed. It expects 2025 revenue to range from $250 million to $300 million, well below Wall Street's $342.47 million estimate. It also expects positive run-rate Adjusted EBITDA by the end of 2025 and positive Adjusted EBITDA in 2026.
Altemus said Intuitive Machines will use its 'fortress-like balance sheet,' to seek 'the highest-return opportunities, whether that's through internal innovation or strategic acquisitions.' He intends to take the company beyond NASA and cislunar space by serving new customers and markets.
Turning to Wall Street, the analysts' consensus rating for Intuitive Machines is Moderate Buy based on four Buy, one Hold, and one Sell ratings over the last three months. With that comes an average price target of $16.33, a high of $22, and a low of $12. This represents a potential 130.32% upside for LUNR stock. These ratings and price targets will likely change as analysts update their coverage after today's earnings.
See more LUNR stock analyst ratings Questions or Comments about the article? Write to editor@tipranks.com
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