🔴 Intuitive Machines is trading 10.15% down in pre-market after revenue miss and wider-than-expected loss

Intuitive Machines is trading 10.15% down now at $15.23 after reporting second-quarter revenue below expectations and a wider-than-expected loss.

• Revenue reached $206.2 million, versus the $216.3 million estimate; loss was $0.29 per share, versus the expected $0.07 loss.
• The company reaffirmed $900 million–$1 billion full-year revenue guidance and highlighted a record $1.8 billion backlog.