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10-Q: Q3 2024 Earnings Report

10-Q: Q3 2024 Earnings Report

10-Q:2024財年三季報
美股SEC公告 ·  2024/11/15 11:35

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Intuitive Machines reported Q3 2024 revenue of $58.5M, up 359% YoY, driven by the OMES III contract. Net loss widened to $80.4M from $14.3M profit last year due to changes in fair value of earn-out and warrant liabilities. Backlog grew to $316.2M, boosted by new NASA contracts.The company completed its IM-1 lunar mission in February 2024, recognizing $11.6M in previously constrained revenue. IM-2 and IM-3 missions faced timeline extensions and increased contract losses. The OMES III contract, which began in Q4 2023, contributed $34.1M to Q3 revenue.Intuitive Machines ended Q3 with $89.6M cash and $73.0M working capital. It raised $97.5M net through an ATM program in Q2-Q3. Management believes current cash is sufficient to fund operations for at least 12 months. The company paid off its $8M credit facility and entered a $10M bridge loan in January 2024.
Intuitive Machines reported Q3 2024 revenue of $58.5M, up 359% YoY, driven by the OMES III contract. Net loss widened to $80.4M from $14.3M profit last year due to changes in fair value of earn-out and warrant liabilities. Backlog grew to $316.2M, boosted by new NASA contracts.The company completed its IM-1 lunar mission in February 2024, recognizing $11.6M in previously constrained revenue. IM-2 and IM-3 missions faced timeline extensions and increased contract losses. The OMES III contract, which began in Q4 2023, contributed $34.1M to Q3 revenue.Intuitive Machines ended Q3 with $89.6M cash and $73.0M working capital. It raised $97.5M net through an ATM program in Q2-Q3. Management believes current cash is sufficient to fund operations for at least 12 months. The company paid off its $8M credit facility and entered a $10M bridge loan in January 2024.
直觀機器公司報告2024年第三季度營業收入爲5850萬美元,同比增長359%,這主要得益於OMES III合同。淨虧損擴大至8040萬美元,而去年同期爲1430萬美元的利潤,因爲與收益出讓和認股權證負債的公允價值變更有關。積壓訂單增至31620萬美元,受到新NASA合同的推動。該公司於2024年2月完成了Im-1月球任務,確認了1160萬美元的先前受限收入。Im-2和Im-3任務面臨時間延長和合同損失增加。自2023年第四季度開始的OMES III合同爲第三季度營業收入貢獻了3410萬美元。直觀機器公司在第三季度結束時擁有8960萬美元現金和7300萬美元營運資本。通過2022年第2季度至第3季度的ATm計劃,公司淨籌集了9750萬美元。管理層認爲當前的現金足以支持至少12個月的運營。該公司在2024年1月償還了800萬美元的信用額度,並進入了一項1000萬美元的過渡貸款。
直觀機器公司報告2024年第三季度營業收入爲5850萬美元,同比增長359%,這主要得益於OMES III合同。淨虧損擴大至8040萬美元,而去年同期爲1430萬美元的利潤,因爲與收益出讓和認股權證負債的公允價值變更有關。積壓訂單增至31620萬美元,受到新NASA合同的推動。該公司於2024年2月完成了Im-1月球任務,確認了1160萬美元的先前受限收入。Im-2和Im-3任務面臨時間延長和合同損失增加。自2023年第四季度開始的OMES III合同爲第三季度營業收入貢獻了3410萬美元。直觀機器公司在第三季度結束時擁有8960萬美元現金和7300萬美元營運資本。通過2022年第2季度至第3季度的ATm計劃,公司淨籌集了9750萬美元。管理層認爲當前的現金足以支持至少12個月的運營。該公司在2024年1月償還了800萬美元的信用額度,並進入了一項1000萬美元的過渡貸款。
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