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.
Sidus Space, Inc. (NASDAQ: SIDU) is a space and defense technology company whose news flow reflects its activities in satellite manufacturing, AI-enabled space-based data solutions, and defense-related programs. Company announcements frequently highlight developments around its LizzieSat® satellite platform, capital markets transactions, and participation in government and commercial initiatives.
Recent news releases describe successful commissioning milestones for LizzieSat-3, including bus-level commissioning and the activation of autonomous navigation software. Sidus Space has reported that LS-3 supports multiple customer payloads and delivers AI-driven, on-orbit sensor data processing through the Orlaith AI Platform powered by FeatherEdge edge computing. News items also note that the satellite’s sensor suite includes high-resolution imaging systems and an Automatic Identification System (AIS) payload that receives maritime vessel data in near real time.
Sidus Space’s news feed also covers defense and government contract activity. The company has announced that it is one of the contract awardees under the Missile Defense Agency’s SHIELD IDIQ program, associated with the Golden Dome defense strategy, and has described its role in providing mission-ready, integrated technologies across multiple domains. Another strand of coverage involves a subcontractor role with MobLobSpace under a NASA SBIR award, where Sidus contributes spacecraft integration expertise and constellation scaling analysis for a space-based radar system hosted on LizzieSat.
In addition, Sidus Space regularly issues releases on equity offerings and corporate governance updates, including best-efforts public offerings of its Class A common stock under an effective Form S-3 shelf registration statement, board appointments, and changes to board committee leadership. Investors and observers who follow SIDU news can use this page to review announcements related to satellite deployments, AI and data capabilities, defense contracts, NASA-linked projects, financing transactions, and board-level changes.
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.
Sidus Space, Inc. (NASDAQ:SIDU) reported its fourth-quarter and full-year 2021 results. Fourth-quarter revenue increased 95% to $523,419, despite a net loss of $2,426,490. For the full year, revenue declined 22% to $1,408,724, impacted by COVID-19 supply chain issues. Operating expenses surged due to staff expansion and initial public offering costs. Total assets rose to $17.3 million, with cash holdings of $13.7 million. Notably, Sidus secured contracts exceeding $5 million with NASA and expanded its partnerships, highlighting a strategic focus on growth and innovation.
Sidus Space, Inc. (NASDAQ: SIDU) has announced the upcoming launch of its LizzieSat™ satellite to the International Space Station (ISS) later this year. The multi-mission satellite will cater to various customer needs, providing data from Low Earth Orbit through established communications and navigation systems. The satellite is expected to be delivered via NASA's Commercial Resupply Services, specifically through SpaceX and Northrop Grumman. The Preliminary Design Review is complete, and final customer payloads are being tracked for a Q4 2022 launch.
Sidus Space, Inc. (NASDAQ: SIDU) announces its participation in two key events: the SATELLITE 2022 Conference on March 22-24 in Washington DC and the Space Symposium from April 4-7 in Colorado Springs. The company will showcase its multipurpose satellite, LizzieSat™, which integrates custom payloads for data collection from Low Earth Orbit. With a wide array of Space-as-a-Service offerings, Sidus Space aims to connect with global industry professionals and reinforce its market presence.
Sidus Space, Inc. (NASDAQ:SIDU) has successfully completed the LizzieSat™ (LS) Preliminary Design Review (PDR), signaling that the satellite's design and system architecture meet project requirements. This achievement indicates the program is on schedule for its initial launch within a planned fleet of 100 microsatellites intended for diverse customer payloads and space-based data collection. The LS satellites, weighing 100kg, are designed for rapid integration of customer technology, enhancing Sidus Space's capabilities in the commercial satellite sector.
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