Intuitive Machines Stock Is Moving Higher Monday: What's Going On?

Intuitive Machines Inc (NASDAQ:LUNR) shares are trading higher Monday on the heels of the company’s fourth-quarter financial results. Here’s a rundown of the report.

What Happened: Intuitive Machines reported fourth-quarter revenue of $54.66 million, missing analyst estimates of $55.77 million, according to Benzinga Pro.

Total revenue was up 79% on a year-over-year basis. The company said it ended the quarter with a record backlog of $328.3 million, up 22% year-over-year.

Intuitive Machines ended the period with $207.6 million in cash but noted that its cash balance increased to $385 million as of March 10.

“Just two years ago, we became a public company with a bold vision for the ...