Highest-materiality recent filing
Sidus Space prices $100M registered direct offering of common stock and pre-funded warrants
Gross proceeds ~$100M; 16,485,038 shares at $5.08 and 3,200,001 pre-funded warrants at $5.0799 each.
Sidus Space Q1 revenue up 51% YoY to $359K; net loss improves 19% to $5.2M
Revenue $359K (+51% YoY); gross loss improved 36% to $1.1M; net loss $5.2M (-19%).
Sidus Space raises $58.5M in registered direct offering of common stock and pre-funded warrants
Pricing: 11,228,700 shares + 2,225,000 pre-funded warrants at $4.35 per share equivalent.
Sidus Space FY2025 revenue $3.4M, net loss $29.5M; cash triples to $43.2M
Revenue $3.4M, down 28% YoY; gross loss $5.7M vs $1.5M prior year; margin -168%.
Sidus Space enters ATM equity facility for up to $100M with ThinkEquity
ATM sales agreement with ThinkEquity LLC allows sales of up to $100M of Class A common stock.
Sidus Space prices $16.2M registered direct offering of 10.8M shares at $1.50/sh
Offering of 10,800,000 Class A common shares at $1.50 per share; gross proceeds ~$16.2M.
Sidus Space prices 19.23M share offering at $1.30 for ~$25M gross proceeds
Priced public offering of 19,230,800 shares of Class A common stock at $1.30 per share.
Sidus Space Q3 revenue down 31% to $1.3M; net loss widens to $6.0M
Revenue $1.3M (-31% YoY); net loss $6.0M vs. $3.9M loss in Q3 2024.
Offering of 9.8M shares at $1.00 per share, expected gross proceeds $9.8M, closing Sept 16, 2025.
Sidus Space Q2 revenue up 36% to $1.3M; net loss widens to $5.6M; cash at $3.6M
Revenue $1.3M (+36% YoY); gross loss $(1.0)M vs $(841K) loss in Q2 2024.
Sidus Space Q1 2025 revenue drops 77% YoY to $238k; net loss widens to $6.4M
Revenue $238k vs $1.05M in Q1 2024, down 77% due to pivot from legacy services.
Sidus Space FY2024 revenue down 22% to $4.7M, net loss widens to $17.5M
Revenue $4.7M (down 22% YoY); gross loss $1.5M vs profit $1.6M in 2023.
Sidus Space appoints Adarsh Parekh as CFO, effective Jan 27, 2025
Salary $325,000, annual bonus up to 40% of base, and 25,000 RSUs vesting over three years.
Sidus Space raises $14M via private placement of shares and warrants
Gross proceeds of ~$14M from sale of 6,799,892 shares/pre-funded warrants and 3,399,946 common warrants at $2.07/unit.
Sidus Space Q3 revenue $1.9M (+90% YoY), net loss $3.9M, closes $7M offering
Q3 2024 revenue $1.9M (+90% YoY); gross profit $38K (140% improvement); EBITDA loss $2.5M (33% improvement).
Sidus Space selected to build six lunar data storage spacecraft for Lonestar
Sidus to build six LizzieSat lunar spacecraft for Lonestar for data storage and disaster recovery.
Sidus Space Q2 2024 revenue down 32% YoY to $930K; net loss $4.1M
Revenue $930K, down $440K (32%) YoY due to timing of milestone payments; cost of revenue up 105% to $1.8M.
Sidus Space Q1 2024 revenue down to $1.1M, net loss $3.8M; launched first LizzieSat
Revenue $1.1M, down ~$1.2M YoY from $2.3M; gross margin fell to 8% from 40%.
Sidus Space dismisses BF Borgers as auditor after SEC sanctions; hires Fruci & Associates
Effective May 3, 2024, Sidus Space dismissed BF Borgers CPA PC as independent auditor.
On January 14, 2025, Adarsh Parekh was appointed as Chief Financial Officer of the Company, effective January 27, 2025.
On January 10, 2025, Sidus Space, Inc. (the “Company”) terminated the employment of Bill White, the Company’s Chief Financial Officer, without cause pursuant to Section 6.1 of the employment agreement dated February 6, 2024 between the Company and Mr. White.
Teresa Burchfield, the Company’s Controller and former Chief Financial Officer, will take over Mr. White’s duties on an interim basis until a successor Chief Financial Officer can be appointed.
On August 27, 2024, the Board of Directors (the “Board”) of Sidus Space, Inc. (the “Company”) appointed Lavanson C. “LC” Coffey III as a director, effective immediately, for a term continuing to the Company’s next annual meeting of shareholders, when all directors will be subject to election by shareholders.
On July 8, 2024, the Board of Directors (the “Board”) of Sidus Space, Inc. (the “Company”) appointed Jeffrey Shuman as a director, effective immediately, for a term continuing to the Company’s next annual meeting of shareholders, when all directors will be subject to election by shareholders.
Max materiality 0.80 · Median 0.65 · Most common event other_material