Intuitive Machines (LUNR) reported a Q1 net loss Tuesday of $11.5 million, narrower than a loss of $98 million a year earlier.

Analysts polled by FactSet expected a loss of $11 million.

Revenue for the quarter ended March 31 was $62.5 million, compared with $73.2 million a year earlier.

Analysts surveyed by FactSet expected $65.1 million.

The company said it continues to expect 2025 revenue of $250 million to $300 million. Analysts surveyed by FactSet expect $278.7 million.

Shares of the company rose 3.5% in recent premarket activity.