Sidus Space reports Q2 EPS (99c) vs ($6.85) last year

Reports Q2 revenue $930,000 vs $1.37M last year. “During the second quarter of 2024, we achieved a major milestone with the successful commissioning of our first LizzieSat(TM) (LS-1) which was launched on the SpaceX Transporter-10 Rideshare Mission in March. Following this critical phase, we began activating payloads and accomplished the primary objectives of several LS-1 missions. As the first commercial satellite designed, manufactured and operated entirely by Sidus, LS-1 has demonstrated our vertical integration capabilities and our experience in deploying and operating our satellite equipped with multiple technologies that serve a diverse range of applications and customers,” said Carol Craig, Founder and CEO of Sidus Space. “This accomplishment marks a significant step forward in our strategy to establish Sidus as a leader in the Space ecosystem. Our Space-based Data-as-a-Service business model, enabled by the LizzieSat(TM) constellation, is primed to scale rapidly, driving high-margin revenue as we prepare for the launches of LizzieSat(TM) 2 and 3 with SpaceX,” Ms. Craig concluded.