Intuitive Machines Inc (LUNR)

[FooBarAndGrill]

$LUNR First Quarter 2024 Financial Highlights

(1) Contracted backlog of $222.4 million as of the end of the first quarter
(2) First quarter 2024 revenue of $73.1 million, an increase of 301% year-over-year, driven primarily by OMES III and NASA Commercial Lunar Payload Services (CLPS) initiative contracts, compared to $18.2 million in the prior year period
(3) First quarter 2024 operating loss of $(5.4) million, driven primarily by IM-1 mission success milestone payments from NASA and commercial customers versus $(14.0) million in the prior year period
(4) Ending cash balance of $55.2 million as of the end of the first quarter which includes warrant exercises from an institutional investor

[FooBarAndGrill]

$LUNR 2024 Outlook

(1) Expect full-year 2024 revenue of $200 - $240 million, resulting in 2.5x - 3x prior year sales
(2) Q1 ending cash balance expected to be sufficient to fund operations through the end of the year
(3) Continue to add cash reserves based on projected wins and planned operations to execute growth trajectory
(4) Backlog expansion driven by key upcoming awards; Near Space Network Services (NSNS), the next Commercial Lunar Payload Services (CLPS) award, among others
(5) IM-2 mission to the Moon’s south pole Shackleton connecting ridge planned for late 2024

[Pisd]

Market Chatter: Intuitive Machines Sets Sights on Second Moon Trip by Late 2024

10:25:28 AM ET, 05/10/2024 - MT Newswires

10:25 AM EDT, 05/10/2024 (MT Newswires) -- Intuitive Machines (LUNR) plans another moon trip by the end of 2024, aiming to install a 4G network on the lunar surface, in partnership with Nokia's (NOK), Bloomberg reported Friday, citing founder Kam Ghaffarian.

"On our second mission, which will be in the last quarter of the year, we are actually installing a 4G network on the surface of the moon," Ghaffarian said in an interview Thursday.

Ghaffarian is also the co-founder of Axiom Space, a developer of commercial space stations, which is on schedule to launch its first space station module in 2026 after raising $350 million in its most recent funding round.

Ghaffarian sees rapid growth ahead in the space economy, powered by AI, quantum computing, and robotics, Bloomberg said.

Neither Intuitive Machines nor Nokia immediately responded to comment requests by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 5.98, Change: -0.09, Percent Change: -1.48

[FooBarAndGrill]

Another view of Federal cash flow:
https://www.usaspending.gov/search/?hash=e45326be2b45ef557d02b319f6f2b850

[FooBarAndGrill]

Langley is Contracting $41M with $LUNR for the following:

Deployable Hopper for Extreme Lunar Surface Access. Develop and demonstrate a small robotic hopper, deployed as a secondary payload from the Nova-C lander, that can provide access to extreme environments and locations of interest on the lunar surface

No direct link ... Click [view] on the top item from this search:
https://www.fpds.gov/ezsearch/fpdsportal?q=intuitive+machines+&s=FPDS.GOV&templateName=1.5.3&indexName=awardfull&x=0&y=0&sortBy=SIGNED_DATE&desc=Y

[chenzo11]

Intuitive Machines (IM) has the largest cash balance and order book in its history, and may triple its revenue in 2024.
IM is the only commercial operation with proven lunar capability, giving it a first-mover advantage in the growing lunar industry.
IM's success in its first lunar mission validates its technology and business model, positioning it as a key player in the space sector

[chenzo11]

I remember saying the cost was determined by weight of the payload

[FooBarAndGrill]

I'm guessing the ticket price for these loads includes many factors: Mass, volume, power and thermal management.

[chenzo11]

CEO Steve Altemus shedding some light on the upcoming missions:
(On IM-2, IM-3 and IMC-1) they're all completely sold and they're all here in the factory. The Drill is integrated onto a panel. The Hopper just has a vibration test to do yet. It's fully functional and assembled. The 4G LTE hardware is in the laboratory being tested with Nokia. So that's full. the third mission is being built also, and we have a lot of components for the lander itself being in the laboratories or the shops being handcrafted. That will go a few months after the second mission.And so that'll come together quickly. But again, that mission is sold out. we're cultivating payloads for our first completely commercial mission. And we have several of those payloads that are under contract that we will fly on IMC-1, which is commercial mission one. And I haven't set a date for that, because what we're doing is we're aggregating and manifesting a set of payloads before we say, okay, IMC-1 is full enough to put and cement on the manifest on a certain calendar day.

[chenzo11]

They were so happy with the results and with working with IM, that they just booked a payload for IM-2
Lonestar Data Holdings, known for its contributions to lunar edge processing and data storage, has unveiled its latest project: the “Freedom” Payload. This second in space-based data services is slated to be deployed aboard Intuitive Machines’ IM-2 Lander later this year.

[Urocka]

Yep We're Looking Good Here For Sure!!

Let's Rock! $LUNR

[chenzo11]

NASA awards Intuitive Machines $30M Lunar Terrain Vehicle contract

NASA has awarded Intuitive Machines $30M as a prime contractor to complete a Lunar Terrain Vehicle Services Feasibility Assessment. The contract tasks the Company's global team with creating a feasibility roadmap to develop and deploy a Lunar Terrain Vehicle on the Moon using Intuitive Machines' Nova-D cargo-class lunar lander. The first phase award marks the Company's entrance into human spaceflight operations within NASA's $4.6B LTV Services project. "This procurement strategically aligns with the Company's flight-proven capability to deliver payloads to the surface of the Moon under the agency's Commercial Lunar Payload Services initiative, further solidifying our position as a proven commercial contractor in lunar exploration," said Intuitive Machines CEO Steve Altemus. "Our global team is on a path to provide essential lunar infrastructure services to NASA...."

[vintagesake]

30M

[FooBarAndGrill]

The ONE BIG QUESTION: How much $$$?
That question was not answered.

[chenzo11]

I'll be watching!

[FooBarAndGrill]

4 p.m. EDT (3 p.m. CDT), Today
https://www.nasa.gov/news-release/nasa-to-select-lunar-terrain-vehicle-for-artemis-missions/

[FooBarAndGrill]

I believe there are three companies in the running for the LTV contract:
VENTURI ASTROLAB INC
INTUITIVE MACHINES, LLC
LUNAR OUTPOST INC
https://www.fpds.gov/ezsearch/fpdsportal?s=FPDS.GOV&templateName=1.5.3&indexName=icdindex&q=lunar+terrain+vehicle

[FooBarAndGrill]

For more details click the [view] button

Contract ID (Mod#): 80JSC024DA020 (0) (View) (Awards)

https://www.fpds.gov/ezsearch/fpdsportal?s=FPDS.GOV&templateName=1.5.3&indexName=icdindex&q=PIID%3A%2280JSC024DA020%22

[FooBarAndGrill]

March 27th 2024, LUNR was awarded a $1M contract for the Lunar Transport Vehicle.
https://www.fpds.gov/ezsearch/fpdsportal?s=FPDS.GOV&templateName=1.5.3&indexName=icdindex&q=PIID%3A%2280JSC024DA020%22

[FooBarAndGrill]

NASA will host a news conference to announce the company, or companies, selected to move forward in developing the LTV (Lunar Terrain Vehicle), which will help Artemis astronauts explore more of the Moon’s surface on future missions. The televised event will take place at 4 p.m. EDT (3 p.m. CDT), Wednesday, April 3, at the agency’s Johnson Space Center in Houston.
https://www.nasa.gov/news-release/nasa-to-select-lunar-terrain-vehicle-for-artemis-missions/

[FooBarAndGrill]

NASA/Federal procurement and contracts are public information.
Intuitive Machines LLC is listed.
https://www.fpds.gov/ezsearch/fpdsportal?indexName=awardfull&templateName=1.5.3&s=FPDS.GOV&q=intuitive+machines+2024&x=0&y=0

[vintagesake]

Thank you !

[FooBarAndGrill]

No. This (10-K) quote is all we have so far.

The period of performance for this contract currently runs through June 2024 although we anticipate that the launch and post-launch services will occur after that date.

[vintagesake]

Have they released the date of the next moon mission?

[Urocka]

Yes Sir! Let's Rock! $LUNR

[Urocka]

It Will Rocket Up Sometime just have to deal with the shorts and paper handed soft selling people....for now...the bears are stupid and going about this the wrong way....

Let's Rock! $LUNR

[TradeSmart.ai]

Tick tock let’s see $10 today $LUNR

[TradeSmart.ai]

Looking like a breakout on this gem here is imminent $LUNR

[FooBarAndGrill]

People want a SPACE play. $LUNR provides exactly that.
What other SPACE IPOs would you like to see?

[FooBarAndGrill]

I'm a proud Texan with family in the Space Biz.

Texas Governor @GregAbbott_TX has appointed Intuitive Machines VP of Production and Operations @Astro2fish as a member of the Executive Committee of the Texas Aerospace Research and Space Economy Consortium.
The Texas Space Commission will work to strengthen Texas’ proven… https://t.co/4e6RGEVFxX

— Intuitive Machines (@Int_Machines) March 26, 2024

[usaphilippines]

Boom

[JLPTNG]

Glad I bought just after the moon LANDING shut down - at $4 - solid earnings - this will do well in the future! $LUNR

[Mactheriverrat]

LUNR - Breakouts of a Ascending Triangle.
LUNR Chart

[chenzo11]

Highlights from the 2023 4th Quarter conference call:
Revenue: Q4 revenue of $30.6 million and full-year revenue of $79.5 million, primarily driven by NASA CLPS contracts and OMES III.

Operating Loss: Q4 operating loss of $(5.9) million and full-year operating loss of $(56.2) million, reflecting increased costs and investments.

Backlog: Year-end contracted backlog nearly doubled to $268.6 million, signaling strong future revenue potential.

Cash Balance: Cash balance of $54.6 million as of March 1, 2024, bolstered by warrant exercises from an institutional investor.

Gross Margin: Achieved positive gross margin in December due to OMES III revenue and cost discipline.

Adjusted EBITDA: Negative Adjusted EBITDA of $(49.6) million for the full year, reflecting operational investments and growth initiatives.

Free Cash Flow: Negative free cash flow of $(75.2) million for the full year, due to operating cash use and property and equipment purchases.

[FooBarAndGrill]

Conference replay anyone? I get 'your call cannot be completed'.

Following the conference call, participants may access the telephonic replay at 1-844-512-2921

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001844452/000184445224000031/lunr-20240321.htm

[chenzo11]

Update on the announcement of the LTVS contract (Lunar rover):
NASA will host a news conference to announce the company, or companies, selected to move forward in developing the LTV (Lunar Terrain Vehicle), which will help Artemis astronauts explore more of the Moon’s surface on future missions. The televised event will take place at 4 p.m. EDT (3 p.m. CDT), Wednesday, April 3, at the agency’s Johnson Space Center in Houston.

The news conference will air live on NASA+, NASA Television, the NASA app, and the agency’s website. Learn how to stream NASA TV through a variety of platforms including social media.

[Urocka]

They Have It Made and will Be Bringing In The $$$$$

[chenzo11]

From the Financial Times March 14, 2024
Steve Altemus says NOVA-D lander could charge $$550 million per landing

[hawkshaw812]

Well China didn’t do so well

[hawkshaw812]

Ok I got it duh my brain 🧠 wasn’t working lol

[hawkshaw812]

I don’t get what your saying . But ya let’s go LUNR

[chenzo11]

LUNR CEO Steve Altemus on yesterday's podcast:
"And then we have two more missions to go. Probably later this and then one early next year. We’ve designed and offered to the government their next human moon buggy, the lunar terrain vehicle, and we would deliver that to the surface. It’s about the size of an F-150 pickup truck and sell that as a service the government and sell it to commercial interest also. And so providing that space infrastructure as a service is kind of, we’re on our way landing softly, communicating, navigating and bringing equipment, cargo and mobility to the surface."
AND:
"So, I think it’s a really special time in history and I love to be a pioneer and breaking this new frontier for the United States."

[Urocka]

You are not the only people who do....
Lunar Pathfinder!! Let's Rock! $LUNR

[hawkshaw812]

You and me both love this stock .

[chenzo11]

I can wait two weeks. If we go a little lower I'll be adding more

[hawkshaw812]

Time to sink the Bismarck .. until the 21 th

[chenzo11]

Eagle cam is up and working. Apparently we still have power

[philaya]

sidu effext...
going up at the same time.

[Urocka]

I held my cheapest shares today but almost pulled the trigger at 7.15..Wanted to hear the conversation and it was a small profit if I had sold... HOLDING FOR NEXT BLAST OFF.. The shaming is ridiculous and I feel this will do Really Well in the Near Future... Let's Rock! $LUNR

[hawkshaw812]

Crocked it’s sad you can’t invest in a company without getting shamed .