Intuitive Machines reported strong Q3 2024 financial results with revenue reaching $58.5 million, up 359% YoY. The company achieved $4.1 million in positive gross margin and ended the quarter with a record $89.6 million cash balance. Notable achievements include winning a $4.82 billion NASA Near Space Network data services contract as the sole awardee and securing a $116.9 million NASA CLPS contract for lunar missions.The company demonstrated operational progress by completing the vehicle propulsion system hot fire test for its second lunar mission, scheduled for Q1 launch from Kennedy Space Center. Year-to-date revenue reached $173.3 million, more than doubling 2023's full-year figure. The company reported record backlog of $316.2 million, excluding $150 million in initial Near Space Network task orders.Management narrowed the full-year 2024 revenue guidance to $215-235 million, trending toward the mid-point. With a current cash balance of $106.9 million as of October, the company expects to maintain similar levels through year-end, supported by contracted milestone payments.

Intuitive Machines reported strong Q3 2024 financial results with revenue reaching $58.5 million, up 359% YoY. The company achieved $4.1 million in positive gross margin and ended the quarter with a record $89.6 million cash balance. Notable achievements include winning a $4.82 billion NASA Near Space Network data services contract as the sole awardee and securing a $116.9 million NASA CLPS contract for lunar missions.The company demonstrated operational progress by completing the vehicle propulsion system hot fire test for its second lunar mission, scheduled for Q1 launch from Kennedy Space Center. Year-to-date revenue reached $173.3 million, more than doubling 2023's full-year figure. The company reported record backlog of $316.2 million, excluding $150 million in initial Near Space Network task orders.Management narrowed the full-year 2024 revenue guidance to $215-235 million, trending toward the mid-point. With a current cash balance of $106.9 million as of October, the company expects to maintain similar levels through year-end, supported by contracted milestone payments.