Intuitive Machines Stock (NASDAQ: LUNR) Holding Gains After 30% Rally

Intuitive Machines (NASDAQ: LUNR) added more than $300 million to it's previous market cap of $1.07 billion, on an impressive day for LUNR bulls. The stock gained some 30.04% to start the week strong, with the move holding through this morning's pre-market, with LUNR up a further 1%.

The move comes as the company reported a significant increase in revenue for the fourth quarter of 2024. The company posted revenues of $54.7 million, representing a 79% year-over-year increase. Despite the bullish move, and the growth seen in revenues, the mark was in fact slightly short of the street's consensus of $55.77 million.

The firm also reported an operating loss of $13.4 million, an increase from the $7.5 million loss recorded in the previous year, although concluded Q4 2024 with a healthy cash balance of $385 million. Cathie Wood's ARK Invest were a notably mover into the stock on the day, buying a further 165,000 shares of LUNR, clearly remaining bullish on the prospects.

The company aims to achieve a positive run-rate adjusted EBITDA by Q4 2025, with expectations for positive adjusted EBITDA in the year 2026.

Strategically, Intuitive Machines is putting emphasis on expanding contracts, particularly those related to NASA’s Commercial Lunar Payload Services (CLPS) and the Lunar Terrain Vehicle. CEO Steve Altamis underlined the strategic importance of lunar missions, which has led the company to report a record contracted backlog of $328.3 million.

Looking ahead, revenue guidance for 2025 is projected between $250 million and $300 million, again short of the consensus estimate of $342.47 million for the period,

In December, the company successfully concluded an equity raise, significantly boosting its cash reserves. It also opened a $40 million credit facility aimed at managing working capital fluctuations. Sentiment through the start of this year has been notably bearish, with the stock remaining down 52.28% despite yesterday's rally. Volatility is definitely something to watch, and be mindful of.

CEO Altamis also highlighted the company's ambition to diversify its customer base and market, particularly within data services. As part of this effort, Jim Frelke has been appointed Senior Vice President of Data Services, bringing extensive experience in national security and commercial satellites. Additionally, the company plans to deliver its third and fourth data relay satellites under the Near Space Network contract in 2027.