Summary by Moomoo AI
Intuitive Machines reported revenue of $228 million for FY2024, up 187% from $79.6 million in FY2023, driven by the successful completion of its IM-1 lunar mission and full-year contribution from the OMES III contract. The company recorded a net loss of $346.9 million, primarily due to non-cash items including changes in fair value of earn-out liabilities and warrant liabilities.Operating expenses increased to $285.4 million from $140.7 million, with cost of revenue rising to $225.2 million reflecting higher mission activity. The company ended the year with a strong cash position of $207.6 million, supported by $294.7 million in gross proceeds from warrant exercises and equity offerings. Backlog grew to $328.3 million as of December 31, 2024, up from $268.6 million at the end of 2023.Looking ahead, Intuitive Machines continues to expand its...Show More
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