Sidus Space Q1 revenue up 26% to $2.26M; satellite revenue doubles; raises $11.2M

Sidus Space Inc.

2024-Q1 EPS reported -$11.58 revenue$2,263,627

Revenue $2.26M (+26% YoY); satellite revenue more than doubled to $1.0M+.
Gross profit $896K (40% margin); operating expenses $3.54M.
Cash $2.8M at Mar 31; subsequent equity offering raised ~$11.2M gross proceeds.
Awarded follow-on NASA ASTRA contract and $2.5M TNO lasercom agreement.
Updated SpaceX agreement for four additional Transporter missions in 2024-2025.

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 first quarter ended March 31, 2023 results: revenue $2,263,627.

Period: first quarter ended March 31, 2023
Revenue: $2,263,627
Result: reported results

Exact text from the filing

launches over the next 24 months. “ said Carol Craig, Founder and CEO of Sidus Space. Financial Highlights for the quarter Ending March 31, 2023 ● Revenue increased to $2,263,627 for the quarter ended March 31, 2023, compared to $1,799,335 for the same period in 2022. Revenue growth of 26% is primarily attributable to more than doubling satellite revenue,

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Sidus Space Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-017019

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