secwatch.observer — SEC 8-K summary
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Issuer:     Sidus Space Inc. (SIDU)
CIK:        0001879726
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001641172-25-001851
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sidus Space FY2024 revenue down 22% to $4.7M, net loss widens to $17.5M
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- Revenue $4.7M (down 22% YoY); gross loss $1.5M vs profit $1.6M in 2023.
- Net loss $17.5M vs $14.3M; adjusted EBITDA loss $12.9M vs $10.9M.
- Cash balance $15.7M at Dec 31, 2024 vs $1.2M a year ago; raised $37M in 2024.
- LizzieSat-3 cost 45% less than LizzieSat-1; FCC approval for micro constellation and space-to-space relay.
- Appointed Adarsh Parekh as new CFO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879726/000164117225001851/0001641172-25-001851-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879726/000164117225001851/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-001851

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