Sidus Space Reports Second Quarter 2025 Financial Results and Provides Business Update

Sidus Space announced its financial results for the second quarter ended June 30, 2025, and provided a business update. The Company is scheduled to host a conference call and webcast today, Thursday, August 14, at 5:00 p.m. ET.

“Q2 was about disciplined execution and building durable technology assets. We advanced LizzieSat®‑3 commissioning, fully staffed our 24/7 Mission Operations Center, and expanded our proprietary platform with the Fortis™ VPX Command and Data Handling system and Orlaith™ AI Ecosystem, built to move data and insights seamlessly across space, air, land, and sea,” said Carol Craig, Sidus Chairwoman and CEO. “We invested ahead of revenue to build core IP and capability. As we enter the second half of the year, we’re prioritizing commercialization, aligning spend to milestones, and pursuing capital‑efficient ways to turn our technology into revenue.”

Operational Highlights for the Quarter Ending June 30, 2025:

Completed commissioning of the ADCS system on LizzieSat®-3 with cutting-edge Autonomous, Machine-Learning-Powered on-board GNC software

Fully staffed our in-house Mission Operations Center, enabling 24/7 spacecraft monitoring

Received Notice of Allowance for our Modular Satellite Platform—a patent that safeguards the intellectual property behind our adaptable and scalable satellite architecture

Deployed Orlaith™ AI system in Asia strengthening global AI and analytics offerings

Amended and extended the lunar satellite manufacturing contract with Lonestar Holdings, bringing the total potential value to $120 million

Continued building and delivering space and defense hardware for commercial and government customers

Subsequent Operational Highlights:

Designed LizzieLunar™ to address the Moon’s unique operational challenges

Successfully executed a capital raise to fund key technology initiatives, including dual-use, multi-domain Fortis™ VPX product line, which supports applications across air, land, sea and space

Appointed Tiffany Norwood, Founder and CEO of Tribetan and a globally recognized serial entrepreneur and technology pioneer, to the Board of Directors

Financial Highlights for the Second Quarter Ending June 30, 2025:

Revenue: $1.3 million, up 36% compared to $928,000 in Q2 2024, reflecting a strategic pivot away from legacy services to new commercial models

Cost of Revenue: $2.3 million, up 29% from Q2 2024 due to increased satellite and software depreciation and an increase of material and labor costs

Gross Profit (Loss): $(1.0) million, compared to $(841,000) loss in Q2 2024 due to reduced contribution from legacy high-margin services as we transition to higher-value, recurring revenue lines

SG&A Expenses: $4.3 million, up from $3.1 million in Q2 2024, driven by headcount growth, launch rescheduling, and operational scaling

Adjusted EBITDA: Loss of $3.9 million (non-GAAP), compared to a $3.2 million loss in Q2 2024

Net Loss: $5.6 million, versus $4.1 million in Q2 2024, driven by strategic investment and depreciation

Cash Position: $3.6 million as of June 30, 2025, versus $1.4 million a year earlier