Intuitive Machines Expects 2024 Revenue Of $210M - $240M (Prior $200M-$240M) Vs. $228.355M Consensus
Portfolio Pulse from Benzinga Newsdesk
Intuitive Machines has updated its 2024 revenue outlook to $210M-$240M, slightly higher than the previous lower bound of $200M. The company expects a 2.6x-3x increase in sales compared to the prior year. The Q2 cash balance is expected to be sufficient to fund operations for the next 12 months. The company is also expanding its backlog with key upcoming awards and plans to ship its mission two completed lander by Q4 2024.
August 13, 2024 | 11:38 am
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Intuitive Machines has updated its 2024 revenue outlook to $210M-$240M, slightly higher than the previous lower bound of $200M. The company expects a 2.6x-3x increase in sales compared to the prior year. The Q2 cash balance is expected to be sufficient to fund operations for the next 12 months. The company is also expanding its backlog with key upcoming awards and plans to ship its mission two completed lander by Q4 2024.
The updated revenue outlook and expected increase in sales are positive indicators for Intuitive Machines. The sufficient cash balance for the next 12 months and the expansion of the backlog with key awards further support a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
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