LUNR Earnings Prediction
The chart below shows how LUNR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LUNR sees a -0.09% change in stock price 10 days leading up to the earnings, and a -6.04% change 10 days following the report. On the earnings day itself, the stock moves by -4.46%. This data can give you a slight idea of what to expect for the next quarter's release.
LUNR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
58.48M
359.34%
41.22%
Gross Margin
6.22%
105.62%
-115.98%
Operating Margin
-14.84%
-92.13%
-78.19%
Net Margin
-137.51%
-222.33%
-456.34%
EPS
-0.83
-166.40%
-386.21%
No Data Available
LUNR Earnings Analysis
Intuitive Machines, Inc. Class A Common Stock Corporation (LUNR.O) Earnings Conference Call
Positive
Record Revenue Surge: Q3 revenue was $58.5 million, up 359% over the same quarter of the prior year.
Record Cash Balance: Our cash balance at the end of Q3 reached $89.6 million, the highest quarter ending balance in company history.
Record Backlog Achievement: Our backlog also hit a company record at $316.2 million, primarily driven by lunar surface delivery missions and the first task order for the Near Space Network Services contract.
Record Contracted Backlog: We ended the third quarter with contracted backlog of $316.2 million, a record for the company.
Debt Elimination Achievement: We paid off the outstanding $3 million balance on our credit mobilization loan resulting in zero debt on our balance sheet.
Negative
Quarterly Revenue Decline: O M E S revenue was $34.1 million in the quarter, down about $5 million from Q2 as expected given the ramp down of OSAM within O M E S.
Quarterly Ramp Down Outlook: We expect a continued ramp down here late in the fourth quarter and into the first quarter of next year.
Quarterly Operating Loss Comparison: Operating loss for the quarter was negative $13.7 million versus negative $24.0 million in the third quarter of 2023.
Increased SG&A Expenses: The higher SG&A was due to increase in public company costs, employee compensation benefits and rent on our new corporate headquarters.
SG&A Expense Comparison: SG&A for the quarter was $12.3 million versus $9.9 million in the prior year.
LUNR FAQs
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LUNR Earning Call Sentiment
Intuitive Machines, Inc. (LUNR) Q3 2024 Earnings Call Transcript
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LUNR.O
-12.76%Positive
The earnings call summary reveals strong financial performance with a 359% YoY revenue increase and improved gross profit. The zero debt status and record backlog further strengthen the company's position. Despite some operational risks and unclear management responses in the Q&A, the optimistic guidance and significant cash balance suggest a positive short-term stock price reaction. The market strategy and shareholder return plan are not explicitly detailed, but the overall sentiment remains positive, anticipating a 2% to 8% increase in stock price.
