BUZZ-Intuitive Machines falls after Q1 revenue miss, wider loss

Intuitive Machines

Intuitive Machines

LUNR

0.00

** Shares of Intuitive Machines LUNR.O down 4.4% at $34.1 premarket

** The space startup posts Q1 revenue of $196.7 mln, nearly triple from a year earlier, yet misses $202.7 mln average estimate of analysts polled by LSEG

** Net loss of $52.5 mln exceeds $12.8 mln consensus

** Revenue growth, backlog increase driven by the acquisition of Lanteris Space Systems - LUNR

** Eight of 10 brokerages rate the stock "buy", one "hold" and one "sell"; their median PT is $24.5 - data compiled by LSEG

** Up to Wednesday's close, LUNR more than doubled in value YTD