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Sidus Space | 10-Q: Q2 2024 Earnings Report

Sidus Space | 10-Q: Q2 2024 Earnings Report

Sidus Space | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/20 04:19

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Sidus Space reported Q2 2024 revenue of $927,570, down 32% from $1.37 million in Q2 2023, with a net loss of $4.14 million compared to $3.50 million loss year-over-year. The quarter saw gross loss of $841,101 versus gross profit of $507,777 in Q2 2023, primarily due to lower satellite-related revenue and increased depreciation expenses.The company achieved significant operational milestones, including successful launch and operation of its first LizzieSat multi-mission satellite in Q1 2024, and activation of the FeatherEdge AI platform for near real-time intelligence from earth observation data. Manufacturing revenue decreased due to timing of fixed price milestone contracts and fewer satellite-related contracts.Looking ahead, Sidus Space is advancing its satellite manufacturing capabilities with plans to produce 5-10 satellites monthly at its Cape Canaveral facility. The company strengthened its financial position through public offerings in January and February 2024, raising net proceeds of approximately $12.1 million to support ongoing operations and satellite constellation development.
Sidus Space reported Q2 2024 revenue of $927,570, down 32% from $1.37 million in Q2 2023, with a net loss of $4.14 million compared to $3.50 million loss year-over-year. The quarter saw gross loss of $841,101 versus gross profit of $507,777 in Q2 2023, primarily due to lower satellite-related revenue and increased depreciation expenses.The company achieved significant operational milestones, including successful launch and operation of its first LizzieSat multi-mission satellite in Q1 2024, and activation of the FeatherEdge AI platform for near real-time intelligence from earth observation data. Manufacturing revenue decreased due to timing of fixed price milestone contracts and fewer satellite-related contracts.Looking ahead, Sidus Space is advancing its satellite manufacturing capabilities with plans to produce 5-10 satellites monthly at its Cape Canaveral facility. The company strengthened its financial position through public offerings in January and February 2024, raising net proceeds of approximately $12.1 million to support ongoing operations and satellite constellation development.
Sidus Space報告2024年第二季度營業收入爲927,570美元,比2023年第二季度的137萬美元下降了32%,淨虧損爲414萬美元,而去年同期爲350萬美元的虧損。該季度毛虧損爲841,101美元,而2023年第二季度毛利潤爲507,777美元,主要由於衛星相關收入減少和折舊費用增加。該公司實現了重要的運營里程碑,包括在2024年第一季度成功發射和運行其首個LizzieSat多任務衛星,以及激活FeatherEdge人工智能平台,以便從地球觀測數據中獲取近實時情報。由於固定價格里程碑合同的時間安排及衛星相關合同減少,製造業收入下降。展望未來,Sidus Space正在提升其衛星製造能力,計劃在其卡納維拉爾角設施每月生產5-10顆衛星。該公司通過2024年1月和2月的公開發行增強了其財務狀況,籌集了約1210萬美元的淨收益,以支持持續的事件;事件控制項和衛星星座開發。
Sidus Space報告2024年第二季度營業收入爲927,570美元,比2023年第二季度的137萬美元下降了32%,淨虧損爲414萬美元,而去年同期爲350萬美元的虧損。該季度毛虧損爲841,101美元,而2023年第二季度毛利潤爲507,777美元,主要由於衛星相關收入減少和折舊費用增加。該公司實現了重要的運營里程碑,包括在2024年第一季度成功發射和運行其首個LizzieSat多任務衛星,以及激活FeatherEdge人工智能平台,以便從地球觀測數據中獲取近實時情報。由於固定價格里程碑合同的時間安排及衛星相關合同減少,製造業收入下降。展望未來,Sidus Space正在提升其衛星製造能力,計劃在其卡納維拉爾角設施每月生產5-10顆衛星。該公司通過2024年1月和2月的公開發行增強了其財務狀況,籌集了約1210萬美元的淨收益,以支持持續的事件;事件控制項和衛星星座開發。
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