Intuitive Machines (NASDAQ: $LUNR) is a leading space tech, infrastructure, and services company. It released its fourth-quarter fiscal 2024 results on Monday, 24 March 2025 before markets opened. Here is a deep dive into the results.
Intuitive Machines Q4 Fiscal 2024 Results
For the fourth quarter of fiscal 2024, Intuitive Machines reported revenue of $54.7 million, a 74% YoY increase, below estimates of $55.7 million. It reported a net loss of 165.14 million, compared to a net income of $2.98 million in fiscal 2023. The company reported an adjusted EBITDA loss of 11.24 million, compared to an adjusted EBITDA loss of $4.57 million in fiscal 2023.
Full-Year Highlights
For the full year, revenue came in at $228 million, compared to $79.55 million the previous year. Full-year net loss came in at $346.92 million compared to a net income of $10.14 million the previous year.
It reported a full-year adjusted EBITDA loss of $41.7 million, compared to an EBITDA loss of $54.51 million the previous year.
Intuitive Machines ended the year with a negative free cash flow of $67.70 million compared to a negative of $75.19 million the previous year. Its full-year backlog increased $59.8 million to $328.35 million. It ended the year with $207.61 million in cash, signaling a strong financial position.
Full-Year Outlook
For fiscal 2025, Intuitive Machines expects revenue of $250-$300 million and a positive adjusted run-rate adjusted EBITDA. Additionally, it expects a positive adjusted EBITDA in 2026.
Other Highlights
Intuitive Machines announced a dilution due to a $125 million stock offering and warrant redemption. Following the completion of the warrant redemption, the company had $385 million in its cash balance as of March 10, 2025.
In a recent announcement on March 7, 2025, the company revealed that its IM-2 mission lunar lander, Athena, successfully landed on the moon 250 meters from the target landing site. However, the lander suffered the same fate as its earlier mission, toppling on its side. Due to this, the lander was unable to charge its batteries, cutting the expected mission duration.
Intuitive Machines Stock Performance
Following the release of its Q4 results, LUNR shares gained 8.32% in premarket trading to $7.68 per share during premarket trading on March 24, 2025, as of 9:04 AM EDT. However, the stock is down 60.96% year to date. Over the past 12 months, it is up 13.80%, and over the past month, it is down 60.77%. Friday’s closing price is below both its 50, and 200-day moving averages of $16.19 and $9.96, respectively.
Analysts remain cautiously optimistic about its future, giving it an overall moderate buy rating. They forecast an average price of $16.33 for the stock, which is a 130.32% upside based on Friday’s closing of $7.09.
Should You Add LUNR To Your Portfolio In 2025?
Following the reported $385 million in cash on its balance sheet, investors appear confident about its future, which sent the stock flying in premarket trading. The company is also making a tradition from NASA-dependent contracts to commercial contracts, which should boost revenue in the coming years. Based on the analysts’ optimistic forecast and the stock’s premarket performance, adding LUNR shares to your portfolio could potentially pay off in the long term.
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