secwatch.observer — SEC 8-K summary
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Issuer:     Sidus Space Inc. (SIDU)
CIK:        0001879726
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001493152-24-011406
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sidus Space reports FY2023 revenue $6.0M, net loss $14.3M; launches first LizzieSat
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- Revenue $6.0M, down 18% YoY from $7.3M; gross margin improved to 28% from 20%.
- Net loss $14.3M vs $12.8M; adjusted EBITDA loss $10.9M.
- Cash $1.2M at Dec 31, 2023; subsequent gross proceeds of $15.2M from warrant exercises and equity offerings.
- Successfully launched LizzieSat-1 on SpaceX Transporter-10; two more satellites planned for 2024.
- Awarded $10M ceiling IDIQ contract for commercial lunar transport and part of NGA $794M IDIQ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879726/000149315224011406/0001493152-24-011406-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879726/000149315224011406/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-011406

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