Intuitive Machines announced strong Q3 2024 results, with revenue up 359% YoY to $58.5 million. The company secured a $116.9 million NASA CLPS contract and a $4.82 billion Near Space Network data services contract. Year-to-date revenue reached $173.3 million, more than doubling 2023's total.Q3 highlights include improved profitability with $4.1 million positive gross margin, record $316.2 million backlog, and the highest quarter-ending cash balance of $89.6 million. The company completed key milestones for its second lunar mission, scheduled for Q1 launch.Intuitive Machines narrowed its 2024 revenue outlook to $215-235 million, trending towards the mid-point. With $106.9 million cash as of October end and strong visibility into contracted milestone payments, the company expects to maintain a similar year-end cash balance.

Intuitive Machines announced strong Q3 2024 results, with revenue up 359% YoY to $58.5 million. The company secured a $116.9 million NASA CLPS contract and a $4.82 billion Near Space Network data services contract. Year-to-date revenue reached $173.3 million, more than doubling 2023's total.Q3 highlights include improved profitability with $4.1 million positive gross margin, record $316.2 million backlog, and the highest quarter-ending cash balance of $89.6 million. The company completed key milestones for its second lunar mission, scheduled for Q1 launch.Intuitive Machines narrowed its 2024 revenue outlook to $215-235 million, trending towards the mid-point. With $106.9 million cash as of October end and strong visibility into contracted milestone payments, the company expects to maintain a similar year-end cash balance.