Intuitive Machines reported Q3 revenue of $52.4 million while announcing its strategic acquisition of Lanteris Space Systems for $800 million, positioning itself as a competitive next-generation space prime provider.
- Revenue boosted primarily by ongoing projects including OMES, CLPS, and NSNS, with improved gross margin of $5.7 million.
- Acquisition of Lanteris enhances production scale and reliability, aiming to capture growth across national security, civil, and commercial space sectors.
- Company backlog stands at $235.9 million, reflecting ongoing contract momentum despite uncertainties in government funding.
- Adjusted EBITDA loss narrowed to $13.2 million, an improvement of $12.2 million from the previous quarter, highlighting operational efficiency gains.
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