Sidus Space Inc
NASDAQ:SIDU
Sidus Space Inc
Sidus Space, Inc. is a space-as-a-service company, which focuses on commercial satellite design, manufacture, launch, and data collection. The company is headquartered in Cape Canaveral, Florida. The company went IPO on 2021-12-15. The firm is focused on commercial satellite design, manufacture, launch, and data collection. The company supports commercial space, aerospace, defense, underwater marine, and other commercial and government customers. The firm's services include multidisciplinary design engineering, precision Computer Numerical Control (CNC) machining and fabrication, Swiss screw machining, American Welding Society (AWS) certified welding and fabrication, electrical and electronic assemblies, wire cable harness fabrication, three-dimensional (3D) composite and metal printing, satellite manufacturing, satellite payload integration and operations support, satellite deployment and microgravity testing and research. The firm offers services to satellite/space hardware manufacturing, satellite/space hardware manufacturing, and space-based geospatial intel, imagery and data analytics.
Sidus Space, Inc. is a space-as-a-service company, which focuses on commercial satellite design, manufacture, launch, and data collection. The company is headquartered in Cape Canaveral, Florida. The company went IPO on 2021-12-15. The firm is focused on commercial satellite design, manufacture, launch, and data collection. The company supports commercial space, aerospace, defense, underwater marine, and other commercial and government customers. The firm's services include multidisciplinary design engineering, precision Computer Numerical Control (CNC) machining and fabrication, Swiss screw machining, American Welding Society (AWS) certified welding and fabrication, electrical and electronic assemblies, wire cable harness fabrication, three-dimensional (3D) composite and metal printing, satellite manufacturing, satellite payload integration and operations support, satellite deployment and microgravity testing and research. The firm offers services to satellite/space hardware manufacturing, satellite/space hardware manufacturing, and space-based geospatial intel, imagery and data analytics.
Revenue Decline: Sidus Space reported $1.3 million in Q3 2025 revenue, down 31% from Q3 2024, and $2.8 million for the first nine months, a 27% decrease year-over-year, due to a shift from legacy contracts to higher-value offerings.
Gross Loss Widened: Q3 2025 gross loss was $1.3 million versus a profit in the prior year, mainly from higher depreciation and evolving contract mix.
Higher Operating Expenses: SG&A expenses grew to $4.3 million for Q3, up from $3.2 million, driven by hiring, infrastructure, and compensation.
Net Loss Increased: Q3 2025 net loss was $6 million, up from $3.9 million in Q3 2024, reflecting investment in infrastructure and staff.
Balance Sheet Strengthened: Two public offerings raised $15.5 million in net proceeds during the quarter; cash at quarter end was $12.7 million.
Strategic Focus: Management emphasized vertical integration, software-defined satellites, and expansion into recurring revenue through data and AI.
Product and Platform Progress: Advancements in LizzieSat satellites, commissioning of LS-3, and new launches (LS-4 and LS-5) planned for late 2026, plus upcoming Fortis VPX product commercialization.
