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Sidus Space, Inc. - $SIDU STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sidus Space's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Sidus Space (NASDAQ: SIDU) announced the successful completion of the commissioning phase for LizzieSat-1 (LS-1), its latest satellite. LS-1 was launched on March 4, 2024, via SpaceX Falcon 9 and successfully deployed. The Sidus team completed the Launch and Early Operations Phase (LEOP) on March 14, establishing two-way communications with the satellite. Following extensive performance evaluations over two months in Low Earth Orbit, LS-1 has met all critical commissioning criteria and is now fully operational. The team will now focus on activating onboard payloads and meeting mission objectives, aiming for primary objectives to be achieved in the coming weeks.

CEO Carol Craig expressed pride in the team's efforts and anticipates launching additional satellites later this year.

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Sidus Space, Inc. rescheduled its first quarter 2024 financial results conference call to May 20th, 2024, at 5:00 p.m. ET. The decision follows the engagement of Fruci and Associates after dismissing BF Borgers CPA PC as its independent registered public accounting firm. Investors can participate in the call by submitting questions via email and access the webcast for more information.

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Sidus Space, a NASDAQ-listed company, is part of the NASA Lunar Terrain Vehicle Services Contract led by Intuitive Machines. This collaboration aims to develop a crewed rover for Moon exploration using advanced technologies. Sidus Space's involvement highlights their expertise and contribution to the future of lunar exploration.

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Sidus Space, Inc. (NASDAQ:SIDU) will host its first-quarter 2024 financial results conference call on May 15th at 5:00 p.m. ET. The call will provide insights into the company's financial performance and future prospects.

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Sidus Space, a Space and Data-as-a-Service satellite company, delivered electronic LCS cabinets to Bechtel for NASA's mobile launcher 2 project, marking a milestone in the Artemis Campaign. They continue production for more cabinets, emphasizing commitment to future missions.

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Sidus Space, Inc. (NASDAQ: SIDU) partners with Orbital Transports to expand its market reach in the global space industry. The partnership allows Sidus to offer technology integration services on its LizzieSat satellite bus platform and high-performance edge computing platform, enhancing its visibility and business opportunities.
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Sidus Space, Inc. (NASDAQ: SIDU) announced a new agreement with HEO for NEI payload and data services at the Space Symposium in Colorado Springs. The agreement involves hosting HEO's NEI imager, HOLMES-006, on LizzieSat-3, along with a data services contract. This is the second agreement between the two companies, showcasing Sidus Space's commitment to space technology.
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Sidus Space, Inc. (NASDAQ: SIDU) unveils its Mission Control Center (MCC) as a new revenue stream, offering spacecraft monitoring and support services to commercial customers. The MCC ensures mission success by monitoring all aspects of a mission, from launch to completion, with 100% uptime and bidirectional communication capabilities.
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Sidus Space, Inc. (NASDAQ: SIDU) announces participation in key industry and investor conferences in April 2024. CEO and Founder Carol Craig to join a panel at the Space Foundation Space Symposium. CFO Bill White to present at LD Micro Invitational XIV and Water Tower Research AI & Technology Hybrid Investor Conference.
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Sidus Space, Inc. (NASDAQ:SIDU) reports financial results for 2023, highlighting the successful launch of LizzieSat-1 and plans for future satellite launches. The company achieved a 28% gross margin in 2023, showing an 8% improvement over the previous year. Sidus raised $15.2 million post-year end for further expansion. Operational and corporate highlights include new patents, contracts, and financial data. Despite a revenue decrease of $1.3 million in 2023, cost of revenue decreased by 26%, leading to a 14% increase in gross profit with a margin of 28%. Adjusted EBITDA loss increased to $10.9 million, and the net loss was $14.3 million for 2023. The balance sheet shows cash of $1.2 million at the end of 2023, with increases in liabilities compared to the previous year.
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Sidus Space, Inc.

Nasdaq:SIDU

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About SIDU

sidus space makes it easy for any corporation, industry or vertical to start their journey off-planet with our rapidly scalable, low-cost satellite services, space-based solutions and testing alternatives. more than just a “satellite-as-a-service” provider, we become your trusted mission partner from concept to low earth orbit and beyond. service-disabled veteran-owned small business woman-owned small business hispanic minority-owned small business