Intuitive Machines reported Q3 2024 revenue of $58.5M, up 359% YoY, driven by the OMES III contract. Net loss widened to $80.4M from $14.3M profit last year due to changes in fair value of earn-out and warrant liabilities. Backlog grew to $316.2M, boosted by new NASA contracts.The company completed its IM-1 lunar mission in February 2024, recognizing $11.6M in previously constrained revenue. IM-2 and IM-3 missions faced timeline extensions and increased contract losses. The OMES III contract, which began in Q4 2023, contributed $34.1M to Q3 revenue.Intuitive Machines ended Q3 with $89.6M cash and $73.0M working capital. It raised $97.5M net through an ATM program in Q2-Q3. Management believes current cash is sufficient to fund operations for at least 12 months. The company paid off its $8M credit facility and entered a $10M bridge loan in January 2024.

Intuitive Machines reported Q3 2024 revenue of $58.5M, up 359% YoY, driven by the OMES III contract. Net loss widened to $80.4M from $14.3M profit last year due to changes in fair value of earn-out and warrant liabilities. Backlog grew to $316.2M, boosted by new NASA contracts.The company completed its IM-1 lunar mission in February 2024, recognizing $11.6M in previously constrained revenue. IM-2 and IM-3 missions faced timeline extensions and increased contract losses. The OMES III contract, which began in Q4 2023, contributed $34.1M to Q3 revenue.Intuitive Machines ended Q3 with $89.6M cash and $73.0M working capital. It raised $97.5M net through an ATM program in Q2-Q3. Management believes current cash is sufficient to fund operations for at least 12 months. The company paid off its $8M credit facility and entered a $10M bridge loan in January 2024.