Overview
- Intuitive Machines reported $54.66 million in fourth-quarter revenue, a 79% year-over-year increase, though it fell short of analyst estimates of $55.77 million.
- The company ended the quarter with a record backlog of $328.3 million, marking a 22% increase from the previous year.
- Shares climbed 20% following the financial report, partially recovering from earlier losses tied to the IM-2 moon mission failure.
- The IM-2 mission's technical issues, including a failed moon landing due to laser rangefinder problems, have raised operational concerns.
- Intuitive Machines remains focused on its IM-3 mission, scheduled for launch in about a year, and aims to capitalize on its $4.8 billion potential contract value supporting NASA's Artemis program.