secwatch.observer — SEC 8-K summary
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Issuer:     Sidus Space Inc. (SIDU)
CIK:        0001879726
Form:       8-K
Filed at:   2025-05-15T23:59:59+00:00
Accession:  0001641172-25-011064
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sidus Space Q1 2025 revenue drops 77% YoY to $238k; net loss widens to $6.4M
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- Revenue $238k vs $1.05M in Q1 2024, down 77% due to pivot from legacy services.
- Net loss $6.4M vs $3.8M; adjusted EBITDA loss $4.7M vs $2.7M.
- Cash $11.7M at March 31, 2025, up from $6.2M a year earlier; Decathlon loan fully repaid.
- Lonestar lunar satellite contract amended, total potential value to $120M.
- Launched LizzieSat-3 on March 14, 2025; patent allowance for modular satellite platform.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879726/000164117225011064/0001641172-25-011064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879726/000164117225011064/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-011064

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