Why Intuitive Machines Stock Is Skyrocketing Today
Intuitive Machines (NASDAQ: LUNR) stock is surging Monday following the company's recent quarterly results. The space-tech specialist's share price was up 27% as of 3 p.m. ET.Intuitive Machines published its Q4 report before the market opened this morning, and investors liked what the company had to say about performance in the period and its forward outlook. The company's stock is also getting a boost thanks to bullish momentum for the market at large today.Intuitive Machines' Q4 revenue increased 79% year over year to reach $54.7 million, and the business posted an operating loss of $13.4 million in the period. The sales performance for the quarter brought the space tech company's full-year sales to roughly $228 million, and management reported having $385 million in cash and equivalents following a recent capital raise.Continue reading
Intuitive Machines (NASDAQ: LUNR) stock is surging Monday following the company's recent quarterly results. The space-tech specialist's share price was up 27% as of 3 p.m. ET.
Intuitive Machines published its Q4 report before the market opened this morning, and investors liked what the company had to say about performance in the period and its forward outlook. The company's stock is also getting a boost thanks to bullish momentum for the market at large today.
Intuitive Machines' Q4 revenue increased 79% year over year to reach $54.7 million, and the business posted an operating loss of $13.4 million in the period. The sales performance for the quarter brought the space tech company's full-year sales to roughly $228 million, and management reported having $385 million in cash and equivalents following a recent capital raise.
