Overview

* Intuitive Machines ( LUNR ) Q2 revenue rises 21% yr/yr but misses analyst expectations

* Company reports Q2 net loss of $38.2 mln, missing analyst estimates

* Intuitive Machines ( LUNR ) acquires KinetX, invests in in-house satellite production

Outlook

* Company projects 2025 revenue near low-end of prior outlook

* Intuitive Machines ( LUNR ) sees potential for 2025 revenue to reach $275 mln

* Company expects positive adjusted EBITDA in 2026

* Intuitive Machines ( LUNR ) 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/Mis Actual Consensu

s s

Estimate

Q2 Miss $50.31 $66.60

Revenue mln mln (7

Analysts

)

Q2 Net Miss -$38.21 -$5.48

Income mln mln (5

Analysts

)

Q2 Miss -$28.64 -$5.28

Operatin mln mln (6

g Income Analysts

)

Q2 Miss -$38.21 -$7.24

Pretax mln mln (5

Profit Analysts

)

Q2 $78.95

Operatin mln

g

Expenses

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 ( LUNR ) is $16.00, about 34.4% above its August 6 closing price of $10.50

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)