---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-028532"
form_type: "8-K"
ticker: "SIDU"
cik: "0001879726"
company_name: "Sidus Space Inc."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T12:54:37.557049+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Sidus Space Q2 gross margin surges to 37% from 19% YoY; satellite revenue +126%

## Summary
- Total revenue $1.4M, down from $1.8M YoY, due to timing of fixed-price milestone contracts.
- Gross profit $508K (37% margin), versus $347K (19%) YoY, driven by higher-margin satellite mix.
- Operating expenses $3.6M, up from $2.7M YoY, reflecting staff expansion for growth.
- Cash and cash equivalents $7.9M as of June 30, 2023.

## SEC filing metadata
- accession: 0001493152-23-028532
- form_type: 8-K
- ticker: SIDU
- cik: 0001879726
- company_name: Sidus Space Inc.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1879726/000149315223028532/0001493152-23-028532-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1879726/000149315223028532/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-028532
- JSON: https://secwatch.observer/filing/0001493152-23-028532.json
- Plain text: https://secwatch.observer/filing/0001493152-23-028532.txt

## Key facts
- Earnings Releases
  Sidus Space Inc. reported the second quarter ended June 30, 2023 results: revenue $1.4 million.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $1.4 million
  - Result: reported results
  source text: a high-margin, rapidly-scalable, recurring-revenue business model,” continued Craig. Financial Highlights for the Quarter Ending June 30, 2023 ● Sidus reported revenue of 1.4 million for the quarter ended June 30, 2023, compared to $1.8 million for the same period in 2022. While revenue declined period-over-period, primarily due to timing of fixed price
  evidence_url: https://www.sec.gov/Archives/edgar/data/1879726/000149315223028532/0001493152-23-028532-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.