Sidus Space Q3 revenue down 25% to $986K; satellite revenue up 135% YoY

Sidus Space Inc.

2023-Q3 EPS reported -$0.21 vs consensus -$0.04 ▼ miss (-414.7%)

Revenue $986K vs $1.32M YoY; gross loss $96K (negative 10%) vs $86K loss (negative 7%).
Nine-month satellite revenue up 135% YoY; gross margin improved to 28% from 25%.
Post-quarter, raised ~$2M via registered direct offering on Oct 11, 2023.
Secured SpaceX Bandwagon launch slot, HEO contract, and $10M IDIQ lunar transport contract.
Appointed Leonardo Riera as Board Chair, Jared Novick as COO, and Jessica Curry as SVP Supply Chain.

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 third quarter ended September 30, 2023 results: revenue $986,000 for the quarter ended September 30, 2023.

Period: third quarter ended September 30, 2023
Revenue: $986,000 for the quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 14, 2023, Sidus Space, Inc. issued a press release announcing a business update and financial results for the third quarter ended September 30, 2023.

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Sidus Space Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-041373

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