Overview
- Sidus Space reported first-quarter revenue of about $359,000, up 51% from a year earlier, and a net loss of $5.2 million that was smaller than last year.
- After a share sale completed in April, the company said it had $27.3 million in cash and no term debt, giving it more room to fund operations.
- The company delivered initial images from the HEO camera on LizzieSat-3, an early step toward selling subscription-based space imagery and data.
- Sidus expanded its deal with Lone Star Data Holdings for another orbital data-storage payload and is advancing its Fortis VPX compute hardware and next LizzieSat builds (LS-4 and LS-5).
- Leadership will shift with John Burke becoming interim CFO on June 1, and the stock fell about 9% in pre-market trading after the updates.