Intuitive Machines Inc
For the period ended Mar 31, 2024. Filed May 14, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 14, 2024
LUNR$11.81-1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Shareholders’ Deficit
Condensed Consolidated Statements of Shareholders’ Deficit
(In thousands except per share data)
| Three Months Ended March 31, 2024 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Common StockClass A · Common StockClass C · Treasury Stock · Paid-in Capital · Accumulated Deficit · Shareholders’ Deficit attributable to the Company · NCI · Total Shareholders’ Deficit | ||||||||||
| Shares · Amount · Shares · Amount | ||||||||||
| Balance, December 31, 2023 | 22,279,876 | $2 | 70,909,012 | $7 | $(12,825) | $— | $(250,466) | $(263,282) | $— | $(263,282) |
| Share-based compensation expense | — | — | — | — | — | 3,926 | — | 3,926 | — | 3,926 |
| Cumulative preferred dividends | — | — | — | — | — | (471) | — | (471) | — | (471) |
| Accretion of preferred stock discount | — | — | — | — | — | (8) | — | (8) | — | (8) |
| Conversion of Series A preferred stock (Note 7) | 7,738,743 | 1 | — | — | — | 23,119 | — | 23,120 | — | 23,120 |
| Class A common stock issued for warrants exercised | 18,823,633 | 2 | — | — | — | 126,210 | — | 126,212 | — | 126,212 |
| Class A common stock issued related to loan conversion (Notes 5 and 7) | 3,487,278 | — | — | — | — | — | — | — | — | — |
| Class A common stock issued for stock options exercised | 167,402 | — | — | — | — | — | — | — | — | — |
| Subsequent remeasurement of redeemable noncontrolling interests | — | — | — | — | — | (152,776) | (132,034) | (284,810) | — | (284,810) |
| Net income attributable to noncontrolling interest | — | — | — | — | — | — | — | — | 972 | 972 |
| Net loss attributable to the Company | — | — | — | — | — | — | (98,337) | (98,337) | — | (98,337) |
| Balance, March 31, 2024 | 52,496,932 | $5 | 70,909,012 | $7 | $(12,825) | $— | $(480,837) | $(493,650) | $972 | $(492,678) |
| Three Months Ended March 31, 2023 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Members Units · Common StockClass A · Common StockClass B · Common StockClass C · Treasury Stock · Paid-in Capital · Accumulated Deficit · Total Shareholders’ Deficit | ||||||||||||
| Units · Amount · Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||||
| Balance, December 31, 2022 | 122,505,500 | $1 | — | $— | — | $— | — | $— | $— | $14,967 | $(72,587) | $(57,619) |
| Issuance of units | 21,500 | — | — | — | — | — | — | — | — | 22 | — | 22 |
| Share-based compensation expense | — | — | — | — | — | — | — | — | — | 101 | — | 101 |
| Net loss | — | — | — | — | — | — | — | — | — | — | (5,751) | (5,751) |
| Effects of Business Combination | ||||||||||||
| Recapitalization | (122,527,000) | (1) | 13,736,932 | 2 | 10,566 | — | 68,140,188 | 6 | — | 47,438 | — | 47,445 |
| Conversion of SAFE Agreements | — | — | 2,066,667 | — | — | — | — | — | — | 20,667 | — | 20,667 |
| Issuance of warrants to preferred shareholders | — | — | — | — | — | — | — | — | — | 173 | — | 173 |
| Transaction costs | — | — | — | — | — | — | — | — | — | (24,445) | — | (24,445) |
| Establishment of the earn-out liabilities | — | — | — | — | — | — | — | — | — | (99,659) | — | (99,659) |
| Establishment of redeemable noncontrolling interest | — | — | — | — | — | — | — | — | — | 85,865 | — | 85,865 |
| Activities subsequent to the Business Combination | ||||||||||||
| Share-based compensation expense | — | — | — | — | — | — | — | — | — | 106 | — | 106 |
| Cumulative preferred dividends | — | — | — | — | — | — | — | — | — | (328) | — | (328) |
| Repurchase of common stock | — | — | — | — | — | — | — | — | (12,825) | — | — | (12,825) |
| Class A common stock issued for warrants exercised | — | — | 218,205 | — | — | — | — | — | — | 2,509 | — | 2,509 |
| Subsequent remeasurement of redeemable noncontrolling interests | — | — | — | — | — | — | — | — | — | (47,416) | (782,813) | — |
| Net income attributable to the Company | — | — | — | — | — | — | — | — | — | — | (9,360) | (9,360) |
| Balance, March 31, 2023 | — | $— | 16,021,804 | $2 | 10,566 | $— | 68,140,188 | $6 | $(12,825) | $— | $(870,511) | $(883,328) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.