Intuitive Machines Reports Record $1.8 Billion Backlog

Earnings
โดย Insider Monkey·US·Read original
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Intuitive Machines reported second-quarter revenue of $206 million, more than four times what it brought in a year earlier, and closed the quarter with a record $1.8 billion in backlog. The company reaffirmed its full-year guidance of $900 million to $1 billion in revenue and said it still expects positive adjusted EBITDA for 2026. Intuitive Machines logged $1.7 billion in bookings so far this year, including $1.2 billion in the second quarter alone, the highest quarterly total in company history. Operating loss widened to $47 million, driven by higher SG&A, amortization, and a $14.7 million cost adjustment tied to the IM-4 lunar lander program. The company raised $235 million in net proceeds this quarter through its at-the-market stock program, bringing total gross proceeds raised to date to $291 million at an average price of $26.81 a share.

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