Picture of Intuitive Machines logo

LUNR — Intuitive Machines News Story

0.000.00%
us flag iconLast trade - 00:00
IndustrialsSpeculativeMid CapSucker Stock

Intuitive Machines after reporting wider-than-expected Q4 loss

Corrects to add dropped word "falls" in headline

** Shares of space startup Intuitive Machines LUNR.O down 5% at $17.20 premarket

** Co posts wider-than-expected Q4 loss of $59.7 mln vs analyst consensus of a $10.6 mln loss, according to LSEG data

** Q4 revenue of $44.8 mln below analyst expectations of $53.7 mln

     ** Operating expenses increased by 14.4% mainly due to a sharp increase in general and administrative expenses, impacting the net loss

** Eight of ten brokerages rate the stock "buy", one "hold" and one "sell"; their median PT is $19 - LSEG data

** Up to last close, stock up 11.5% YTD

 (Reporting by Avinash P in Bengaluru)

 ((Avinash.P@thomsonreuters.com;))

Recent news on Intuitive Machines

See all news