Sidus Space Inc Stock Price, News & Analysis

Sidus Space (NASDAQ:SIDU) has selected L3Harris Technologies (NYSE:LHX) for its InControl™ and OnTime™ software to manage the LizzieSat™ Constellation. InControl enables comprehensive satellite command and control, while OnTime facilitates mission planning and execution tracking. This collaboration, commencing at the Cape Canaveral facility, aims to optimize operations for over 100 satellites, reducing operational costs significantly. LizzieSats are innovative low Earth orbit microsatellites designed for rapid technology testing and integration, supporting Sidus’s Space-as-a-Service model.

Sidus Space (NASDAQ:SIDU) is set to present at the Emerging Growth Conference on May 25, 2022, at 9:45 AM Eastern. This interactive online event allows investors to engage with Ms. Carol Craig, the company's Founder and CEO. The presentation will focus on Sidus Space's satellite services, including design, manufacture, launch, and data collection. Attendees can register here. An archived webcast will be available afterwards.

Sidus Space, Inc. (NASDAQ:SIDU) announced the successful completion of the Preliminary Design Review (PDR) milestone for NASA’s ASTRA project on May 6, 2022. This collaboration aims to demonstrate autonomous operations for future deep space missions using the LizzieSat-1 satellite, with a planned launch from the ISS in late 2022. Sidus Space is increasing confidence in its systems' interactions while moving towards the Critical Design Review (CDR) in June 2022, focusing on autonomy and real-time assessments for long-duration missions.

Sidus Space, Inc. (NASDAQ:SIDU) reported a remarkable 1075% revenue increase for Q1 2022, reaching $1,799,335, up from $153,136 in Q1 2021. The growth was fueled by a larger customer base and higher contract values. Gross profit improved significantly to $978,337 from a loss of $134,540 in the prior year. However, operating expenses soared to $3,242,783, primarily due to staff expansion and a one-time non-cash expense of $1.2M. The company is preparing for the launch of its LizzieSat™ satellite and enhancing its leadership team with industry veterans.

Sidus Space, Inc. (NASDAQ: SIDU) announced that CEO Carol Craig received the i4 Business 2022 Women’s Inspired Leadership Award in the "Spirit of Progress" category. Ms. Craig has significantly impacted the aerospace and defense industry, leading to job creation and advancements in space. She made history as the first female founder of a space company to go public in December 2021. The award honors women who have influenced their fields and communities. The recognition event took place on May 10 at Caribe Royale Resort in Florida.

Sidus Space (NASDAQ:SIDU) has signed a memorandum of understanding with Dhruva Space to enhance commercialization of innovative space technologies. This partnership aims to support space missions in India and the U.S. through collaborations on satellite operations, R&D, and technology commercialization. It will involve the marketing and deployment of satellites to improve technology readiness levels. Sidus CEO Carol Craig highlights this agreement as a key step toward expanding opportunities for both companies.

Sidus Space, Inc. (NASDAQ: SIDU) has announced that its Founder and CEO, Carol Craig, received the Distinguished Alumni Achievement Award from the University of Illinois on April 26, 2022. This award recognizes exceptional contributions in the field of computer science. Craig, a trailblazer as the first female founder of a public space-based company, has an extensive military and engineering background. Sidus Space operates from Cape Canaveral, Florida, focusing on commercial satellite services and aims to make space accessible for various industries.

Sidus Space (NASDAQ: SIDU) announces the appointment of John Curry as the new Chief Mission Operations Officer. With over 35 years of experience in spacecraft design and management, including his tenure as a NASA Flight Director, Curry is expected to enhance operational efficiency. His previous roles include oversight of lunar mission design and leadership in the Dream Chaser program at Sierra Nevada Corporation. Curry aims to leverage his expertise to ensure the successful deployment of the Lizziesat™ constellation.

Sidus Space, Inc. (NASDAQ:SIDU) announced the appointment of Teresa Burchfield as Chief Financial Officer, effective April 11, 2022. Burchfield brings over 30 years of finance experience, previously serving key roles at Tupperware, including CFO for the US & Canada. She succeeds Scott Silverman, who will assist in a consulting role until June 30, 2022. Burchfield's extensive background in finance and operational efficiency is expected to be pivotal as Sidus pursues expansion and shareholder value enhancement.