Sidus Space Earnings Call Transcripts
Fiscal Year 2026
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Revenue declined year-over-year, but gross and net losses improved due to lower costs and higher interest income. Major capital raises strengthened liquidity, enabling investment in commercialization and expansion. Fortis VPX and LizzieSat platforms advanced toward broader market adoption.
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Revenue grew 51% year-over-year to $359,000, with improved gross loss and a strengthened balance sheet following a $58.5 million capital raise. Operational milestones in satellite launches and technology platforms support a transition to commercialization and recurring revenue.
Fiscal Year 2025
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Revenue declined 28% year-over-year to $3.4 million as the business shifted from legacy contracts to higher-margin, scalable satellite and AI-driven solutions. Despite a wider net loss and increased investment, the company strengthened its balance sheet, advanced new satellite platforms, and secured key defense and commercial partnerships.
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Revenue declined year-over-year as the company shifted from legacy contracts to higher-value, recurring space and AI-driven solutions, resulting in increased costs and net loss. Strategic investments, new product launches, and capital raises position the company for improved margins and diversified growth in 2026.
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Q2 2025 saw strong progress in satellite launches, AI product commercialization, and a 36% year-over-year revenue increase for the quarter, despite a net loss driven by strategic investments. The company raised $6.7 million post-quarter and is positioned for material revenue growth in the second half of 2025.
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Q1 2025 saw a successful satellite launch and the rollout of new AI-driven, multi-domain technologies, but revenue declined 77% year-over-year as the business shifted from legacy contracts to higher-value offerings. Net loss widened, but cash reserves improved and commercialization is expected to drive growth in the second half of 2025.
Fiscal Year 2024
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2024 saw a strategic pivot to higher-margin AI and data services, with three satellites launched, expanded global partnerships, and a strengthened cash position. Revenue declined 22% year-over-year, but the company is focused on EBITDA positivity and scaling recurring revenue in 2025.
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Q3 2024 saw 90% revenue growth year-over-year, driven by satellite contracts and milestone payments. Gross margin turned positive, losses narrowed, and major contracts were secured, including a lunar satellite partnership. Strong pipeline and expansion plans support a positive outlook.
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Q2 2024 saw a successful LizzieSat-1 launch, validating technology and expanding the pipeline to $100 million, but revenue fell to under $1 million and gross margin turned negative due to contract timing and higher costs. Two more satellites are set for launch in the next six to nine months.