secwatch.observer — SEC 8-K summary
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Issuer:     Sidus Space Inc. (SIDU)
CIK:        0001879726
Form:       8-K
Filed at:   2024-05-21T23:59:59+00:00
Accession:  0001493152-24-020801
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879726/000149315224020801/0001493152-24-020801-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879726/000149315224020801/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-020801

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