secwatch.observer — SEC 8-K summary
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Issuer:     Sidus Space Inc. (SIDU)
CIK:        0001879726
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001493152-23-028532
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879726/000149315223028532/0001493152-23-028532-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879726/000149315223028532/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-028532

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