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Sidus Space | 10-Q: Q1 2024 Earnings Report

Sidus Space | 10-Q: Q1 2024 Earnings Report

Sidus Space | 10-Q:2024财年一季报
美股SEC公告 ·  05/20 17:36

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Sidus Space, a U.S. commercial space company, reported a quarterly revenue of $1,050,155 for the period ending March 31, 2024, a 54% decrease from the $2,263,627 reported in the same period in 2023. The company's net loss widened by 11% to $3,810,500 compared to the previous year's $3,441,059. The gross profit margin significantly declined from 40% to 8%, primarily due to a shift in contract mix and reduced higher-margin satellite-related business. Operating expenses remained relatively stable, with a slight increase of 3% to $3,645,583. The company successfully launched and deployed its first LizzieSat satellite into low Earth orbit, marking a significant milestone in its business development. Sidus Space plans to expand its satellite services, offering on-orbit infrastructure and space-based data collection, aiming to address larger market needs and transition into a subscription-based model upon digitization of its manufacturing process. The company's future plans include enhancing its satellite constellation capabilities, increasing international and domestic partnerships, and expanding its data analytics offerings to deliver greater value to customers.
Sidus Space, a U.S. commercial space company, reported a quarterly revenue of $1,050,155 for the period ending March 31, 2024, a 54% decrease from the $2,263,627 reported in the same period in 2023. The company's net loss widened by 11% to $3,810,500 compared to the previous year's $3,441,059. The gross profit margin significantly declined from 40% to 8%, primarily due to a shift in contract mix and reduced higher-margin satellite-related business. Operating expenses remained relatively stable, with a slight increase of 3% to $3,645,583. The company successfully launched and deployed its first LizzieSat satellite into low Earth orbit, marking a significant milestone in its business development. Sidus Space plans to expand its satellite services, offering on-orbit infrastructure and space-based data collection, aiming to address larger market needs and transition into a subscription-based model upon digitization of its manufacturing process. The company's future plans include enhancing its satellite constellation capabilities, increasing international and domestic partnerships, and expanding its data analytics offerings to deliver greater value to customers.
美国商业太空公司Sidus Space报告,截至2024年3月31日的一个季度收入为1,050,155美元,比2023年同期的2,263,627美元下降了54%。公司净亏损扩大了11%,达到3,810,500美元,与去年的3,441,059美元相比。毛利润率显著下降,从40%下降到8%,主要是由于合同结构的变化和更少的高毛利润卫星相关业务。营业费用保持相对稳定,轻微增长3%至3,645,583美元。公司成功地发射了并将其第一颗LizzieSat卫星部署到地球低轨道,标志着其业务发展的重大里程碑。Sidus Space计划扩展其卫星服务,提供轨道基础设施和基于空间的数据收集,旨在解决更大的市场需求,并在其制造过程数字化之后过渡到基于订阅的模式。公司未来的计划包括增强其卫星星座能力,增加国际和国内伙伴关系,并扩展其数据分析提供以为客户提供更大的价值。
美国商业太空公司Sidus Space报告,截至2024年3月31日的一个季度收入为1,050,155美元,比2023年同期的2,263,627美元下降了54%。公司净亏损扩大了11%,达到3,810,500美元,与去年的3,441,059美元相比。毛利润率显著下降,从40%下降到8%,主要是由于合同结构的变化和更少的高毛利润卫星相关业务。营业费用保持相对稳定,轻微增长3%至3,645,583美元。公司成功地发射了并将其第一颗LizzieSat卫星部署到地球低轨道,标志着其业务发展的重大里程碑。Sidus Space计划扩展其卫星服务,提供轨道基础设施和基于空间的数据收集,旨在解决更大的市场需求,并在其制造过程数字化之后过渡到基于订阅的模式。公司未来的计划包括增强其卫星星座能力,增加国际和国内伙伴关系,并扩展其数据分析提供以为客户提供更大的价值。
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