Intuitive Machines (NASDAQ: LUNR) stock, the space company that returned America to the moon in 2024 after a 52-year absence, opened sharply lower after missing Q1 estimates this morning.
ET, the stock has pared its losses and is down only about 0.5%. Heading into Intuitive’s report, analysts expected the space stock to lose about $0.06 per share on $200.1 million in revenue. Instead, Intuitive reported a $0.25-per-share loss on sales of $186.7 million.
Intuitive Machines Q1 earnings That sounds bad, but there was good news as well. With help from its recent acquisition of satellite manufacturer Lanteris, Intuitive Machines nearly tripled its revenue year over year. And despite reporting $0.25 per share in GAAP losses, Intuitive noted that its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) were positive for the quarter, setting a new record at $2.7 million.