secwatch.observer — SEC 8-K summary
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Issuer:     Sidus Space Inc. (SIDU)
CIK:        0001879726
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0001493152-23-041373
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879726/000149315223041373/0001493152-23-041373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879726/000149315223041373/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-041373

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