secwatch.observer — SEC 8-K summary
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Issuer:     Sidus Space Inc. (SIDU)
CIK:        0001879726
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001493152-23-017019
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879726/000149315223017019/0001493152-23-017019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879726/000149315223017019/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-017019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer