Sidus Space Transitions to Recurring Revenue Model, Reports $1.3M Q2 Revenue Amid New Product Launches

Sidus Space reported Q2 2025 revenue of $1.3M, marking a pivotal period in the company's transition to a recurring revenue model. CEO Carol M. Craig emphasized focus on three core growth areas: satellite manufacturing and integration, space-based data and AI services, and commercial product lines. The company plans to launch new multi-domain products, highlighting its growth strategy.

Sidus Space (NASDAQ: SIDU), an innovative space and defense technology company, reported its financial results for the second quarter of 2025, showcasing a pivotal period in the company's transition to a recurring revenue model. The company reported a revenue of $1.3 million, up 36% compared to the second quarter of 2024 [1].

CEO Carol M. Craig emphasized the company's focus on three core growth areas: satellite manufacturing and integration, space-based data and AI services, and commercial product lines. Sidus Space aims to launch new multi-domain products, highlighting its growth strategy.

The company's operational highlights included the completion of the ADCS system commissioning on LizzieSat®-3 with cutting-edge Autonomous, Machine-Learning-Powered on-board GNC software, and the deployment of the Orlaith™ AI system in Asia, strengthening global AI and analytics offerings [1].

Financial Highlights for the Second Quarter Ending June 30, 2025, include a gross profit loss of $(1.0) million compared to $(841,000) in Q2 2024, driven by reduced contributions from legacy high-margin services as the company transitions to higher-value, recurring revenue lines. The company reported SG&A expenses of $4.3 million, up from $3.1 million in Q2 2024, driven by headcount growth, launch rescheduling, and operational scaling. Adjusted EBITDA loss was $3.9 million, compared to a $3.2 million loss in Q2 2024 [1].

Sidus Space's cash position as of June 30, 2025, was $3.6 million, compared to $1.4 million a year earlier. The company also reported a net loss of $5.6 million, versus $4.1 million in Q2 2024, driven by strategic investment and depreciation [1].

The company is scheduled to host a conference call and webcast today, Thursday, August 14, at 5:00 p.m. ET, to discuss its Q2 2025 financial results [1].

References:
[1] https://finance.yahoo.com/news/sidus-space-reports-second-quarter-204500453.html