Intuitive Machines Inc

For the period ended Jun 30, 2024. Filed Aug 13, 2024.

About 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.

Jun 30, 2024 · Filed Aug 13, 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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Contents

Unaudited Condensed Consolidated Statements of Shareholders’ Deficit

Condensed Consolidated Statements of Shareholders’ Deficit

(In thousands except per share data)

Three Months Ended June 30, 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, March 31, 2024	52,496,932	$5	70,909,012	$7	$(12,825)	$—	$(480,837)		$(493,650)	$972		$(492,678)
Share-based compensation expense	—	—	—	—	—	1,969	—		1,969	—		1,969
Cumulative preferred dividends	—	—	—	—	—	(137)	—		(137)	—		(137)
Accretion of preferred stock discount	—	—	—	—	—	(1)	—		(1)	—		(1)
Class A common stock issued for warrants exercised	300,000	—	—	—	—	1,369	—		1,369	—		1,369
Class A common stock issued for stock options exercised	2,969	—	—	—	—	295	—		295	—		295
Class A common stock issued for vested RSUs and PSUs	1,286,880	—	—	—	—	(2,118)	—		(2,118)	—		(2,118)
Class A common stock issued for Class C canceled	4,800,000	—	(4,800,000)	—	—	—	—		—	—		—
Distribution to noncontrolling interests	—	—	—	—	—	—	—		—	(973)		(973)
Issuance of Class A Common Stock related to the ATM Program (Note 7)	3,582,583	1	—	—	—	17,044	—		17,045	—		17,045
Subsequent remeasurement of redeemable noncontrolling interests	—	—	—	—	—	(18,421)	240,354		221,933	—		221,933
Net income attributable to noncontrolling interest	—	—	—	—	—	—	—		—	789		789
Net income attributable to the Company	—	—	—	—	—	—	18,280		18,280	—		18,280
Balance, June 30, 2024	62,469,364	$6	66,109,012	$7	$(12,825)	$—	$(222,203)		$(235,015)	$788		$(234,227)
Six Months Ended June 30, 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	—	—	—	—	—	5,895	—		5,895	—		5,895
Cumulative preferred dividends	—	—	—	—	—	(608)	—		(608)	—		(608)
Accretion of preferred stock discount	—	—	—	—	—	(9)	—		(9)	—		(9)
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	19,123,633	2	—	—	—	127,579	—		127,581	—		127,581
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	170,371	—	—	—	—	295	—		295	—		295
Class A common stock issued for vested RSUs and PSUs	1,286,880	—	—	—	—	(2,118)	—		(2,118)	—		(2,118)
Class A common stock issued for Class C canceled	4,800,000	—	(4,800,000)	—	—	—	—		—	—		—
Distribution to noncontrolling interests	—	—	—	—	—	—	—		—	(973)		(973)
Issuance of Class A Common Stock related to the ATM Program (Note 7)	3,582,583	1	—	—	—	17,044		17,045			17,045
Subsequent remeasurement of redeemable noncontrolling interests	—	—	—	—	—	(171,197)	108,320		(62,877)	—		(62,877)
Net income attributable to noncontrolling interest	—	—	—	—	—	—	—		—	1,761		1,761
Net loss attributable to the Company	—	—	—	—	—	—	(80,057)		(80,057)	—		(80,057)
Balance, June 30, 2024	62,469,364	$6	66,109,012	$7	$(12,825)	$—	$(222,203)		$(235,015)	$788		$(234,227)

Three Months Ended June 30, 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, March 31, 2023	—		$—	16,021,803	$2	10,566	$—	68,140,188	$6		$(12,825)		$—		$(870,511)	$(883,328)
Share-based compensation expense	—		—	—	—	—	—	—	—		—		985		—	985
Member distributions	—		—	—	—	—	—	—	—		—		—		(4,263)	(4,263)
Cumulative preferred dividends	—		—	—	—	—	—	—	—		—		(655)		—	(655)
Accretion of preferred stock discount	—		—	—	—	—	—	—	—		—		(13)		—	(13)
Class A common stock issued for warrants exercised	—		—	1,183,901	—	—	—	—	—		—		13,615		—	13,615
Recapitalization adjustment	—		—	—	—	—	—	—	—		—		(1,000)		—	(1,000)
Issuance of Class A Common Stock related to the Equity Facility	—		—	95,785	—	—	—	—	—		—		834		—	834
Issuance of Class C common stock related to earn-out awards	—		—	—	—	—	—	2,500,000	1		—		19,375		—	19,376
Subsequent remeasurement of redeemable noncontrolling interests	—		—	—	—	—	—	—	—		—		(33,141)		179,795	146,654
Other	—		—	—	—	—	—	—	—		—		—		2	2
Net income attributable to the Company	—		—	—	—	—	—	—	—		—		—		29,521	29,521
Balance, June 30, 2023	—		$—	17,301,489	$2	10,566	$—	70,640,188	$7		$(12,825)		$—		$(665,456)	$(678,272)
Six Months Ended June 30, 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	—		—	2,066,666	—	—	—	—	—		—		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	—		—	—	—	—	—	—	—		—		1,091		—	1,091
Member distributions	—		—	—	—	—	—	—	—		—		—		(4,263)	(4,263)
Cumulative preferred dividends	—		—	—	—	—	—	—	—		—		(983)		—	(983)
Accretion of preferred stock discount										(13)		—		(13)
Repurchase of common stock	—		—	—	—	—	—	—	—		(12,825)		—		—	(12,825)
Class A common stock issued for warrants exercised	—		—	1,402,106	—	—	—	—	—		—		16,124		—	16,124
Recapitalization adjustment	—		—	—	—	—	—	—	—		—		(1,000)		—	(1,000)
Issuance of Class A Common Stock related to Equity Facility	—		—	95,785	—	—	—	—	—		—		834		—	834
Issuance of Class C common stock related to earn-out awards	—	0	—	—	—	—	—	2,500,000	1		—		19,375		—	19,376
Other	—		—	—	—	—	—	—	—		—		—		2	2
Subsequent remeasurement of redeemable noncontrolling interests	—		—	—	—	—	—	—	—		—		(80,557)		(603,018)	(683,575)
Net income attributable to the Company	—		—	—	—	—	—	—	—		—		—		20,161	20,161
Balance, June 30, 2023	—		$—	17,301,489	$2	10,566	$—	70,640,188	$7		$(12,825)		$—		$(665,456)	$(678,272)

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.