Sidus Space FY2022 revenue $7.3M (+418% YoY); gross margin turns positive to 20%

Sidus Space Inc.

Revenue $7.3M, up 418% from $1.4M; gross margin improved to 20% from (26%) in FY2021.
Expanded SpaceX agreement to add four Transporter missions in 2024-2025, nearly doubling launches.
Awarded $2.5M TNO agreement to test laser communications tech on LizzieSat satellite.
Appointed Eric Gillenwater as CCO; closed $5.2M public offering after year-end.
Received NOAA Tier 1 License and AS9100 Rev D certification; completed LizzieSat Critical Design Review.

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 0.97

Sidus Space Inc. reported the year ended December 31, 2022 results: revenue $7.3 million.

Period: the year ended December 31, 2022
Revenue: $7.3 million
Result: reported results

Exact text from the filing

Revenue increased to $7.3 million for the year ended December 31, 2022 from $1.4 million in the comparable period of 2021, an increase of 418%.

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Sidus Space Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-007840

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