Sidus Space Q3 revenue up 164% to $1.32M; secures $30M equity line

Sidus Space Inc.

2023-Q3 EPS reported -$0.52 vs consensus -$0.04 ▼ miss (-1174.5%)

Revenue of $1.32M for Q3 2022, up 164% from $500K in Q3 2021; YTD revenue up 461%.
YTD gross profit margin improved to 25%, compared to (19%) in prior-year period.
Cash balance of $4.4M as of Sept 30, 2022; raised $3.54M via equity line in Q3.
Signed multi-launch agreement with SpaceX for 5 LizzieSat rideshare missions.
Over $1.9M in new purchase orders received for space/defense hardware in Q3.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sidus Space Inc. reported the third quarter ended September 30, 2022 results: revenue $1.32 million.

Period: the third quarter ended September 30, 2022
Revenue: $1.32 million
Result: reported results

Exact text from the filing

Revenue increased to $1.32 million for the three months ended September 30, 2022 from $500,000 in the comparable period of 2021, an increase of 164%.

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Source: SEC EDGAR

accession 0001493152-22-031680

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