LUNR
Intuitive Machines, Inc.10.78
-0.34-3.06%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Details Lanteris backlog, integration wins
Q&A provided fresh details on Lanteris' backlog mix—25% defense, 25% civil, 50% commercial, tilting toward national security—and post-Advent clean-up of past cost issues via 300 Series momentum. Management outlined integration wins like upgrading NSNS satellites to Mars relay precursors, bidding Artemis 3 human lander, and combining robotics for RGXX/MGO/OSAM. No walk-backs; just reaffirmed cash strength and low regulatory risks. Q&A largely amplified the acquisition vision. Eyes on deal close, award captures.
Key Stats
Market Cap
1.29BP/E (TTM)
-Basic EPS (TTM)
-2.46Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Intuitive Machines posted Q3 revenue of $52.4M, down 10% y/y yet propped by $13.1M from CLPS missions (IM-3/IM-4 ramping) while OMES III cratered post-NASA cuts. Operating loss widened to $15.4M from $13.7M y/y on G&A surge to $20.3M, but net loss shrank to $10.0M from $80.4M thanks to $2.0M warrant fair-value gain. Cash pile hit $622M after $335M convertible notes (2.5%, 2030 maturity) and $177M warrant exercises; $40M revolver untapped. Locked $236M backlog. Customer concentration looms large.
8-K
Acquires Lanteris for $800M mix
Intuitive Machines signed a deal on November 3, 2025, to buy Lanteris Space Holdings for $350M in stock at $12.34/share and $450M cash, subject to adjustments. Stock portion caps at 19.99% of outstanding shares. Closing targeted for Q1 2026 after HSR clearance; seller locked up 180/365 days. Acquisition vaults them into spacecraft primes.
8-K
Notes offering upsized to $345M
Intuitive Machines completed a $345 million private offering of 2.500% convertible senior notes due 2030 on August 18, 2025, upsized from $300 million after full exercise of the $45 million option. Net proceeds of $335.5 million, after $36.8 million for capped calls, will fund operations, R&D, and potential acquisitions, bolstering liquidity for space ventures. Conversion at $13.11 per share caps dilution via hedges. Yet, early redemption awaits 2028.
8-K
Proposed $250M notes offering
Intuitive Machines announced a proposed $250 million private offering of convertible senior notes due 2030 on August 13, 2025, with an option for up to $37.5 million more. The senior unsecured notes, convertible into cash, stock, or both, will fund operations, R&D, and potential acquisitions after covering capped call costs to curb dilution. Yet market volatility could sway pricing. Forward-looking risks include closing uncertainties.
8-K
Acquires KinetX for navigation boost
Intuitive Machines signed a stock purchase agreement on August 6, 2025, to acquire KinetX for $30 million in cash and stock, bolstering its space navigation software for Earth, Moon, and Mars operations across commercial and government clients. Q2 revenue hit $50.3 million, up 21% year-over-year, fueled by program growth despite satellite timing shifts; the company ended debt-free with $345 million cash. Full-year revenue eyes the low-end of prior guidance, yet adjusted EBITDA positivity looms in 2026. Backlog dipped to $256.9 million.
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