Intuitive Machines Expects FY24 Revenue Of $200M-$240M, Est $267.925M
Portfolio Pulse from Benzinga Newsdesk
Intuitive Machines projects its FY24 revenue to be between $200M-$240M, falling short of the estimated $267.925M. The company also anticipates its Q1 ending cash balance to be adequate for funding operations throughout the year.
May 14, 2024 | 11:37 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Intuitive Machines' lower-than-expected FY24 revenue forecast could impact investor sentiment towards LUNR, potentially affecting its short-term stock price.
The announcement of a lower-than-expected revenue forecast for FY24 by Intuitive Machines could lead to negative investor sentiment towards LUNR, as financial performance directly influences stock valuation. The expectation that the Q1 ending cash balance will fund operations through the year provides some stability, but the revenue miss is likely to weigh more heavily on investors' minds.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80