Overview
U.S. space technology firm's Q4 revenue fell short of analyst expectations
Co posted wider-than-expected net loss due to higher operating expenses
Company completed acquisitions of KinetX and Lanteris to expand capabilities and market reach
Outlook
Intuitive Machines sees full-year 2026 revenue of $900 mln-$1 bln
Company expects full-year 2026 adjusted EBITDA to be positive
Company plans to invest in Near Space Network Services and solar system internet expansion
Intuitive Machines shares dropped 2.1% in premarket trading.
Result Drivers
CONTRACT REVENUE MIX - Q4 revenue was primarily driven by CLPS, OMES III, and NSNS contracts
MARGIN IMPROVEMENT - Co said positive Q4 gross margin reflected higher-margin service revenue growth and disciplined capital management
OPERATING EXPENSES - Increased by 14.4% mainly due to a sharp increase in general and administrative expenses excluding depreciation and amortization, impacting net loss
Company press release: ID:nGNX1TqXzt
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | $44.78 mln | $53.68 mln (7 Analysts) |
Q4 Net Income | Miss | -$59.66 mln | -$10.59 mln (5 Analysts) |
Q4 Operating Income | Miss | -$33.10 mln | -$11.32 mln (7 Analysts) |
Q4 Pretax Profit | Miss | -$55.70 mln | -$9.98 mln (6 Analysts) |
Q4 Operating Expenses | $77.88 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "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 $19.00, about 4.9% above its March 18 closing price of $18.11
The stock recently traded at 805 times the next 12-month earnings vs. a P/E of 583 three months ago