Sidus Space Q2 2024 revenue down 32% YoY to $930K; net loss $4.1M

Sidus Space Inc.

2024-Q2 EPS reported -$2.30 revenue$1,977,725

Revenue $930K, down $440K (32%) YoY due to timing of milestone payments; cost of revenue up 105% to $1.8M.
Net loss $4.1M vs $3.5M in Q2 2023; adjusted EBITDA loss $3.2M vs $2.8M.
Gross profit margin negative 91% vs 37% in Q2 2023; costs include satellite depreciation.
LizzieSat-1 commissioned, payloads activated; LS-2 and LS-3 in advanced production for SpaceX.
Jeff Shuman appointed to board; Carol Craig named Chairman; DoD Mentor-Protégé extended second year.

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