The following is a summary of the Sidus Space, Inc. (SIDU) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Sidus Space reported a 90% year-over-year revenue increase for Q3 2024, amounting to $1.9 million.

• Gross profit for Q3 2024 was $38,000, a significant improvement from a $96,000 loss in Q3 2023, with a gross margin of 2%.

• Net loss for Q3 2024 was reduced to $3.9 million from $4.1 million in the prior year.

• Adjusted EBITDA loss improved to negative $2.5 million, a 33% better performance compared to the same period last year.

Business Progress:

• Sidus Space has launched and operates LizzieSat platform and secured significant contracts including a $2 million contract with the U.S. Navy and an exclusive agreement with Lonestar for lunar satellite missions.

• Received FCC satellite approval for LizzieSat-2-5, paving the way for micro-constellation deployment.

• Plans to launch the next satellites, LizzieSat-2 in December 2024 and LizzieSat-3 in Q1 2025.

Opportunities:

• Growth in the commercial and government satellite markets, supported by the company's diverse offerings like LizzieSat and FeatherEdge computing systems.

• Expansion into lunar missions through the Lonestar agreement for data storage satellites orbiting the moon.

Risks:

• Potential delays and external dependencies affecting launches, impacting revenue and operational schedules.

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