Shares of Intuitive Machines (LUNR) flew nearly 20% higher Monday when the space technology provider’s sales and backlog soared, and it issued a rosy outlook as it added new customers.

The positive news came just two weeks after the company's lunar lander mission ended following a landing m🐬ishap, which had senꩲt shares tumbling. 

Intuitive Machines reported fourth-quarter revenue that jumped nearly 80% year-over-year to $54.7 million. However, costs skyrocketed, with adjusted EBITDA sinking 146% to negative $11.2 mi🐻🔴llion.  

Backlog increased 22%, hitting a quarterly record of $328.3 million. The firm credited the gain to $303.7 million in new awards primarily associate💞d with contracts from the National Aeronautics and Space Administration (NASA),ℱ and task order modifications to other contracts. 

CEO Firm Expanding Reach Beyond NASA

CEO Steve Altemus said the company’s "proven technologies and expertise are propelling us beyond NASA and cislunar space, expanding our reach into new markets and customers."

Intuitive Machines sees full-year revenue in the range of $250 million to $300 million. It anticipates positive run-rate adjusted EBIܫTDA by the end of 2025, and it predicts positive adjusted EBITDA f🅘or 2026.

The impact of the moon mission failure slashed the stock price in half. However, with today's 18% advance, Intuitive Machines shares are still about 30% higher over the past year.