Space tech firm Intuitive Machines Q2 revenue misses estimates
Overview
Intuitive Machines Q2 revenue rises 21% yr/yr but misses analyst expectations
Company reports Q2 net loss of $38.2 mln, missing analyst estimates
Intuitive Machines acquires KinetX, invests in in-house satellite production
Outlook
Company projects 2025 revenue near low-end of prior outlook
Intuitive Machines sees potential for 2025 revenue to reach $275 mln
Company expects positive adjusted EBITDA in 2026
Intuitive Machines plans aggressive M&A in data services and National Security Space
Result Drivers
IN-HOUSE SATELLITE PRODUCTION - Strategic investment in in-house satellite production to control delivery and support NSNS contract
KINETX ACQUISITION - Acquisition of KinetX to enhance space navigation and flight dynamics capabilities
HOUSTON SPACEPORT EXPANSION - Expanded production footprint by 140,000 sq ft to support satellite and spacecraft operations
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $50.31 mln | $66.60 mln (7 Analysts) |
Q2 Net Income | Miss | -$38.21 mln | -$5.48 mln (5 Analysts) |
Q2 Operating Income | Miss | -$28.64 mln | -$5.28 mln (6 Analysts) |
Q2 Pretax Profit | Miss | -$38.21 mln | -$7.24 mln (5 Analysts) |
Q2 Operating Expenses | $78.95 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for Intuitive Machines Inc is $16.00, about 34.4% above its August 6 closing price of $10.50
Press Release:
