Overview

• Intuitive Machines Q2 revenue rises 21% yr/yr but misses analyst expectations

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

• Intuitive Machines acquires KinetX, invests in in-house satellite production

Outlook

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

• Intuitive Machines sees potential for 2025 revenue to reach $275 mln

• Company expects positive adjusted EBITDA in 2026

• Intuitive Machines 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

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

Press Release: ID:nGNXcgZBtW

(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.)