By Dean Seal
Shares of Intuitive Machines took off on Tuesday after the company surprised the market with positive free cash flow for the first quarter.
The stock was up 29% at $12.25 after the opening bell. Shares are still down 33% since the start of the year.
The space-exploration company reported first-quarter revenue on Tuesday morning that missed analyst views, but it topped expectations on adjusted earnings before interest, taxes, depreciation and amortization, Benchmark analyst Josh Sullivan said in a research note.
The company also unexpectedly logged positive free cash flow, Sullivan said, and exited the quarter with $373 million in cash.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
May 13, 2025 09:44 ET (13:44 GMT)
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