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Sidus Space, Inc. - $SIDU STOCK NEWS

Welcome to our dedicated page for Sidus Space news (Ticker: $SIDU), a resource for investors and traders seeking the latest updates and insights on Sidus Space stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sidus Space's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sidus Space's position in the market.

Rhea-AI Summary

Sidus Space, a NASDAQ-listed company, is part of the NASA Lunar Terrain Vehicle Services Contract led by Intuitive Machines. This collaboration aims to develop a crewed rover for Moon exploration using advanced technologies. Sidus Space's involvement highlights their expertise and contribution to the future of lunar exploration.

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3.43%
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Sidus Space, Inc. (NASDAQ:SIDU) will host its first-quarter 2024 financial results conference call on May 15th at 5:00 p.m. ET. The call will provide insights into the company's financial performance and future prospects.

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-6.87%
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conferences earnings
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Sidus Space, a Space and Data-as-a-Service satellite company, delivered electronic LCS cabinets to Bechtel for NASA's mobile launcher 2 project, marking a milestone in the Artemis Campaign. They continue production for more cabinets, emphasizing commitment to future missions.

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-4.01%
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Sidus Space, Inc. (NASDAQ: SIDU) partners with Orbital Transports to expand its market reach in the global space industry. The partnership allows Sidus to offer technology integration services on its LizzieSat satellite bus platform and high-performance edge computing platform, enhancing its visibility and business opportunities.
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-2.01%
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Sidus Space, Inc. (NASDAQ: SIDU) announced a new agreement with HEO for NEI payload and data services at the Space Symposium in Colorado Springs. The agreement involves hosting HEO's NEI imager, HOLMES-006, on LizzieSat-3, along with a data services contract. This is the second agreement between the two companies, showcasing Sidus Space's commitment to space technology.
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-3.04%
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Sidus Space, Inc. (NASDAQ: SIDU) unveils its Mission Control Center (MCC) as a new revenue stream, offering spacecraft monitoring and support services to commercial customers. The MCC ensures mission success by monitoring all aspects of a mission, from launch to completion, with 100% uptime and bidirectional communication capabilities.
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10.76%
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Sidus Space, Inc. (NASDAQ: SIDU) announces participation in key industry and investor conferences in April 2024. CEO and Founder Carol Craig to join a panel at the Space Foundation Space Symposium. CFO Bill White to present at LD Micro Invitational XIV and Water Tower Research AI & Technology Hybrid Investor Conference.
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0.95%
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Rhea-AI Summary
Sidus Space, Inc. (NASDAQ:SIDU) reports financial results for 2023, highlighting the successful launch of LizzieSat-1 and plans for future satellite launches. The company achieved a 28% gross margin in 2023, showing an 8% improvement over the previous year. Sidus raised $15.2 million post-year end for further expansion. Operational and corporate highlights include new patents, contracts, and financial data. Despite a revenue decrease of $1.3 million in 2023, cost of revenue decreased by 26%, leading to a 14% increase in gross profit with a margin of 28%. Adjusted EBITDA loss increased to $10.9 million, and the net loss was $14.3 million for 2023. The balance sheet shows cash of $1.2 million at the end of 2023, with increases in liabilities compared to the previous year.
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-4.63%
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Sidus Space, Inc. CEO to participate in Women in Space panel discussion at the Department of Commerce. The event celebrates Women's History Month and women's achievements in the space industry.
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1.1%
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conferences
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Sidus Space, Inc. (NASDAQ: SIDU) announced the successful establishment of two-way communications with its 3D-printed satellite, LizzieSat™, powered by Geospatial Artificial Intelligence. The company's innovative production process using Markforged's material reduces cost, weight, and production time, with a 45-day manufacturing timeline per satellite. Sidus plans to launch two more LizzieSats this year, enhancing its Data-as-a-Service business model.
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Sidus Space, Inc.

Nasdaq:SIDU

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13.88M
3.78M
12.56%
8%
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About SIDU

sidus space makes it easy for any corporation, industry or vertical to start their journey off-planet with our rapidly scalable, low-cost satellite services, space-based solutions and testing alternatives. more than just a “satellite-as-a-service” provider, we become your trusted mission partner from concept to low earth orbit and beyond. service-disabled veteran-owned small business woman-owned small business hispanic minority-owned small business