Intuitive Machines posts Q1 revenue of $186.73M
Intuitive Machines reported Q1 GAAP EPS of -$0.25, missing estimates by $0.18.
The company’s revenue of $186.73M represents a 198.6% year-over-year increase, but fell short of expectations by $18.58M.
Despite the miss, Intuitive Machines achieved record profitability with $2.7 million in positive Adjusted EBITDA and ended Q1 with a record backlog of $1.1 billion, a gain of $842 million.