Sidus Space Q1 2024 revenue down to $1.1M, net loss $3.8M; launched first LizzieSat

Sidus Space Inc.

2024-Q1 EPS reported -$1.40 revenue$1,050,155

Revenue $1.1M, down ~$1.2M YoY from $2.3M; gross margin fell to 8% from 40%.
Net loss $3.8M vs $3.4M loss prior year; adjusted EBITDA loss $2.7M.
Successfully launched and deployed first LizzieSat on SpaceX Transporter-10; established two-way communications.
Raised $15.2M gross proceeds from warrant exercises and two equity offerings.
Appointed Bill White as CFO and Richard J. Berman to Board of Directors.

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