Intuitive Machines Reports Record Backlog and Revenue Growth Despite Moon Mission Setback

The company's fourth-quarter results show a 79% revenue increase and a 20% stock surge, as it focuses on long-term growth and upcoming IM-3 mission.

Intuitive Machines reported $54.66 million in fourth-quarter revenue, a 79% year-over-year increase, though it fell short of analyst estimates of $55.77 million.
The company ended the quarter with a record backlog of $328.3 million, marking a 22% increase from the previous year.
Shares climbed 20% following the financial report, partially recovering from earlier losses tied to the IM-2 moon mission failure.
The IM-2 mission's technical issues, including a failed moon landing due to laser rangefinder problems, have raised operational concerns.
Intuitive Machines remains focused on its IM-3 mission, scheduled for launch in about a year, and aims to capitalize on its $4.8 billion potential contract value supporting NASA's Artemis program.