secwatch.observer — SEC 8-K summary
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Issuer:     Sidus Space Inc. (SIDU)
CIK:        0001879726
Form:       8-K
Filed at:   2024-08-20T23:59:59+00:00
Accession:  0001493152-24-033193
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879726/000149315224033193/0001493152-24-033193-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879726/000149315224033193/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-033193

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