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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 117M | 41.2% |
| Gross Profit | 97M | 698.7% |
| Cost of Revenue | 20M | 71.9% |
| Operating expense | 20M | 46.5% |
| Net Income | -55M | 396.7% |
| EBITDA | -52M | 96.3% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 225M | 60.4% |
| Total Liabilities | 229M | 52.4% |
| Shares Outstanding | 67M | 21.7% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -18M | 42.7% |
| Cash from investing | -1.4M | 36.9% |
| Cash from financing | 77M | 684.3% |
EPS
Financial Highlights for Intuitive Machines in Q3 '24
Intuitive Machines reported a revenue of 117M, which is a 41.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 97M, marking a 698.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 20M, a -71.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 20M, showing a 46.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -55M, showing a -396.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -52M, showing a -96.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Intuitive Machines faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
