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2 clusters · 7 sources · 14 days · First seen 16 days ago · Last updated 2 days ago

Intuitive Machines financial performance and contract growth

Overview

Intuitive Machines reported record second-quarter revenue of $206.2 million, a substantial increase from the $50.3 million reported the previous year. Despite this growth, the company missed Wall Street revenue estimates and reported a net loss of $0.29 per share, which was wider than anticipated.

The company experienced significant growth in its contract portfolio, particularly in national security, which rose from 3% of total business to 30% of total business. Intuitive Machines secured approximately $1.22 billion in awards across commercial, civil, and national security sectors, resulting in a record backlog of $1.8 billion. Key drivers include spacecraft production, engineering services, and contracts with NASA, the U.S. Space Development Agency, and the Missile Defense Agency.

Entities

Bank of America · Intuit · U.S. Space Development Agency · Mailchimp · OpenAI

Timeline

2 days ago

[BUSINESS] 7 sources
Intuit shares fall on weak fiscal 2027 guidance
Intuit shares dropped sharply after the company issued weak fiscal 2027 guidance, despite beating Q4 earnings estimates. Investors expressed concerns over slowing growth and AI-driven competition.
16 days ago

[BUSINESS] 7 sources
Intuitive Machines reports record Q2 revenue despite earnings miss
Intuitive Machines reported record Q2 revenue of $206.2 million but missed Wall Street estimates, leading to a stock decline despite a record $1.8 billion contract backlog.

Sources

abcmoney.co.uk · cryptobriefing.com · fortune.com · lblforestry.co.uk · stocknews.com · teleborsa.it · theascent.com