08:31 AM EST, 11/14/2024 (MT Newswires) -- Intuitive Machines ( LUNR ) reported a Q3 net loss attributable to the company Thursday of $55.4 million, swinging from net income of $33.3 million a year earlier.

Analysts polled by Capital IQ expected a net loss of $2.2 million.

Revenue for the quarter ended Sept. 30 was $58.5 million, up from $12.7 million a year earlier.

Analysts surveyed by Capital IQ expected $50.9 million.

The company said it now expects 2024 revenue near the mid-point of a range of $215 million to $235 million, from previous expectations in a range of $210 million to $240 million. Analysts surveyed by Capital IQ expect $222.9 million.

Shares of the company rose 6% in recent Thursday premarket activity.

Price: 12.47, Change: +0.71, Percent Change: +6.04