U.S. stock futures were mostly flat this morning, with the Nasdaq 100 futures slipping around 0.01% on Tuesday.Shares of Sidus Space, Inc. (NASDAQ:SIDU) fell in pre-market trading after the company announced the pricing of public offering.Sidus Space announced the pricing of a best-efforts public offering of 19,230,800 shares of its Class A common stock at $1.30 per share.Sidus Space shares declined 39.2% to $1.39 in pre-market trading.Here are some other stocks moving lower in pre-market trading.Starfighte ...

U.S. stock futures were mostly flat this morning, with the Nasdaq 100 futures slipping around 0.01% on Tuesday.Shares of Sidus Space, Inc. (NASDAQ:SIDU) fell in pre-market trading after the company announced the pricing of public offering.Sidus Space announced the pricing of a best-efforts public offering of 19,230,800 shares of its Class A common stock at $1.30 per share.Sidus Space shares declined 39.2% to $1.39 in pre-market trading.Here are some other stocks moving lower in pre-market trading.Starfighte ...

Market Overview - Major U.S. indexes closed higher, with the Dow Jones Industrial Average rising 0.47% to 48,362.68, the S&P 500 advancing 0.6% to 6,878.49, and the Nasdaq adding 0.5% to finish at 23,428.82 [1] Novo Nordisk - Novo Nordisk's stock saw a slight increase of 0.01%, closing at $48.10, with an intraday high of $48.22 and a low of $47.59; the stock surged nearly 9.5% in after-hours trading to $52.66 [2] - The FDA approved Novo Nordisk's Wegovy pill, the first oral GLP-1 therapy authorized in the U.S. for long-term weight management and cardiovascular risk reduction, based on the OASIS trial where patients lost an average of 16.6% of their body weight [3] Starfighters Space Inc. - Starfighters Space shares skyrocketed by 372.97%, closing at $31.50, with an intraday high of $31.50 and a low of $6.40; however, the stock plummeted 23.75% to $24.02 in after-hours trading [4] - The surge followed the company's IPO priced at $3.59, raising $40 million for hypersonic research and satellite launch operations, amid strong momentum in the space sector driven by defense contracts and investor interest [5] D-Wave Quantum Inc. - D-Wave Quantum's stock climbed 20.07%, closing at $32.19, with a high of $32.39 and a low of $27.62 [6] - The stock's increase was part of a late-December "Santa Rally," driven by retail investors focusing on high-beta quantum computing names, with D-Wave's shares jumping nearly 20% after announcing its Advantage2 system will feature at CES 2026 [7] Sidus Space Inc. - Sidus Space shares jumped 96.98%, closing at $2.28, with an intraday high of $2.59 and a low of $1.80; the stock dropped 39.2% in after-hours trading [8] - The surge was attributed to the company being selected as a contract awardee under the U.S. Missile Defense Agency's SHIELD IDIQ program, supporting the Golden Dome missile defense strategy [9] ZIM Integrated Shipping Services Ltd. - ZIM Integrated Shipping saw a 3.27% rise, closing at $19.88, with an intraday high of $20.14 and a low of $19.30; in extended trading, the stock rose 11.7% to $22.20 [11] - The increase followed the company receiving multiple competitive proposals for acquiring all outstanding shares, with the board evaluating these offers as part of a strategic review [12]

Last Thursday, President Donald Trump signed the “Ensuring American Space Superiority” executive order aimed at cementing U.S. dominance in the final frontier. SIDU stock is soaring. See the chart and price action here. The order shifts the U.S. space economy from a government-led model to a commercially-driven powerhouse, setting aggressive deadlines that have sent space sector stocks “to the moon.” Read Next— High Hopes: Pot Stocks Blaze As Trump Eyes Rescheduling Trump's Moon Shot MandateThe executive or ...

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 100 points on Monday.Following the market opening Monday, the Dow traded up 0.18% to 48,222.17 while the NASDAQ jumped 0.56% to 23,439.24. The S&P 500 also rose, gaining, 0.45% to 6,864.96.Check This Out: GE Vernova To Rally Around 26%? Here Are 10 Top Analyst Forecasts For MondayLeading and Lagging SectorsEnergy shares rose by 1.3% on Monday.In trading on Monday, utilities stocks fell by 0.5%.Top HeadlineThe Chicago Fed Nat ...

"This milestone reflects our ability to deliver integrated solutions across multiple domains and demonstrates the strength of our approach to building long-term capability within the defense sector. Sidus Space combines advanced technologies, vertical integration, and mission expertise to support multiple programs, ensuring we can meet the complex requirements of today's national security environment," said Carol Craig, Founder and CEO of Sidus Space. The SHIELD contract vehicle provides a flexible, enterpr ...

Financial Data and Key Metrics Changes - Total revenue for the first nine months of 2025 was approximately $2.8 million, a decrease of about $1 million or 27% compared to $3.8 million in the same period in 2024, reflecting a strategic shift away from legacy contract work [18] - Cost of revenue rose to approximately $2.8 million, a 48% increase from $1.9 million during the first nine months of 2024 [18] - Gross loss for the period was approximately $4 million, compared to a loss of about $719,000 in the same period last year [19] - Selling general and administrative expenses totaled $13 million, compared to $9.9 million in the prior year, reflecting key growth initiatives [20] - Net loss for Q3 2025 was $6 million compared to $3.9 million in the same period of the prior year [24] Business Line Data and Key Metrics Changes - The company is transitioning from legacy high-margin contracts to higher-value commercial space-based and AI-driven solutions, which is expected to generate more sustainable recurring revenue in future periods [18] - The gross loss increase was primarily due to higher depreciation from recently capitalized assets and reduced contributions from legacy services [23] Market Data and Key Metrics Changes - The company is seeing strong momentum internationally, especially among allies seeking sovereign U.S. origin multi-domain capabilities [31] - Greater budget clarity within the U.S. is helping stabilize and improve program timelines, which is viewed as an upside [31] Company Strategy and Development Direction - The company is evolving into a diversified space and defense innovator, focusing on full-spectrum solutions from design and manufacturing to on-orbit operations and data services [5] - The vertically integrated model enables scalability and efficiency, allowing rapid entry into new markets and development of recurring revenue streams [10] - The company is strategically investing in infrastructure, technology, and team to build capabilities comparable to larger competitors with less capital [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience and adaptability regardless of external landscape challenges, including government funding uncertainties [7] - The company is positioned to meet rising global demand for resilient, secure, and cost-effective space capabilities [11] - The recent capital raises are intended to fund product commercialization, LISIS-AT scaling, and AI development [32] Other Important Information - The company completed two successful capital raises, receiving approximately $15.5 million of net proceeds [24] - The LISIS-AT platform is increasingly software-defined, enabling rapid in-orbit reconfiguration and performance optimization [11] Q&A Session Summary Question: What is the commercialization timeline for Fortis VPX? - The first three VPX products remain on track for release to production in January of 2026, with customer integrations and revenue contributions expected shortly thereafter [29] Question: Can you update on the commissioning timeline for LISIS-AT 3? - The commissioning is progressing well, with multiple payloads and sensors, and additional satellites in production will expand hosted payload capability and data availability [30] Question: Are customers already evaluating Fortis VPX or FeatherEdge? - Active early access programs are in place with both government and commercial customers, with several transitioning toward multi-year hardware agreements [31] Question: What does your geographic revenue mix look like going forward? - Strong momentum is seen internationally, especially among allies, with greater budget clarity in the U.S. improving program timelines [31] Question: How does the recent capital raise position the company? - The capital raise funds a significant portion of near-term product commercialization, LISIS-AT scaling, and AI development [32] Question: Can you expand on alignment with the DOD's Golden Dome vision? - The company's technology roadmap aligns directly with the DOD's Golden Dome vision, focusing on resilient, distributed, multi-layered sensing and communications architecture [32] Question: What is the potential market for your lunar-capable LISIS-AT Lunar platform? - The company believes its early mover position creates a strategic opportunity in the expanding lunar exploration and infrastructure programs [33]

Financial Performance - Revenue for Q3 2025 was $1.3 million, down 31% from $1.9 million in Q3 2024, reflecting a strategic pivot away from legacy services to new commercial models [5]. - Gross Loss for Q3 2025 was ($1.3 million), compared to a profit of $38 thousand in Q3 2024, driven by increased satellite depreciation and reduced contribution from legacy high-margin services [5]. - Net Loss for Q3 2025 was $6.0 million, compared to a loss of $3.9 million in Q3 2024, marking a 55% increase in losses [11]. - Adjusted EBITDA loss was $4.0 million for Q3 2025, compared to a loss of $2.5 million in Q3 2024, reflecting a 62% increase in losses [11]. - Total revenue for the three months ended September 30, 2025, was $1,298,058, a decrease from $1,868,958 in the same period of 2024, representing a decline of approximately 30.6% [15]. - Net loss for the nine months ended September 30, 2025, was $18,073,296, compared to a net loss of $11,849,173 for the same period in 2024, indicating an increase in losses of about 52.2% [17]. - Basic and diluted loss per common share for the three months ended September 30, 2025, was $0.24, compared to $0.93 for the same period in 2024 [15]. Expenses - Cost of Revenue increased to $2.6 million, up 42% from Q3 2024, primarily due to increased satellite and software depreciation and higher material and labor costs [5]. - SG&A Expenses rose to $4.3 million, up from $3.2 million in Q3 2024, attributed to headcount growth and operational scaling [5]. - Operating expenses for the three months ended September 30, 2025, totaled $4,332,441, up from $3,210,069 in the same period of 2024, reflecting an increase of approximately 35.0% [15]. - Cash used in operating activities for the nine months ended September 30, 2025, was $14,065,111, compared to $10,288,228 for the same period in 2024, marking an increase of about 36.0% [17]. - Depreciation and amortization for the nine months ended September 30, 2025, was $3,224,809, up from $1,494,449 in the same period of 2024, indicating an increase of about 116.0% [17]. - Total other expense for the three months ended September 30, 2025, was $402,193, compared to $730,691 in the same period of 2024, showing a decrease of approximately 45.0% [15]. Cash Position - Cash Position as of September 30, 2025, was $12.7 million, down from $15.7 million a year earlier [5]. - Cash at the end of the period on September 30, 2025, was $12,734,087, a decrease from $15,703,579 at the beginning of the period [17]. - The company reported a net cash provided by financing activities of $16,885,424 for the nine months ended September 30, 2025, compared to $15,406,183 in 2024, reflecting an increase of about 9.6% [17]. Strategic Initiatives - The company appointed Lawrence Hollister as Chief Business Officer to drive strategic growth and market expansion [3]. - Sidus Space completed two capital raises to fund key technology initiatives, including the Fortis™ VPX product line [3]. - The company advanced design and manufacturing across multiple LizzieSat® platforms and broadened its product families with new designs [2]. - Proceeds from the issuance of common stock units for the nine months ended September 30, 2025, amounted to $15,511,838, compared to $13,742,311 in 2024, representing an increase of approximately 12.9% [17].

Core Insights - Sidus Space reported its financial results for Q3 2025, highlighting a strategic pivot towards new commercial models and a focus on operational efficiencies [1][2]. Financial Highlights - Revenue for Q3 2025 was $1.3 million, a decrease of 31% from $1.9 million in Q3 2024, attributed to a shift away from legacy services [4]. - Cost of revenue increased to $2.6 million, up 42% from Q3 2024, due to higher satellite and software depreciation, as well as increased material and labor costs [4]. - Gross loss was $1.3 million compared to a profit of $38 thousand in Q3 2024, primarily due to increased satellite depreciation and reduced contributions from legacy high-margin services [4]. - Selling, general, and administrative (SG&A) expenses rose to $4.3 million from $3.2 million in Q3 2024, driven by headcount growth and operational scaling [4]. - Net loss for the quarter was $6.0 million, compared to a loss of $3.9 million in Q3 2024 [4]. Operational Highlights - The company appointed Lawrence Hollister as Chief Business Officer to drive strategic growth and market expansion [5]. - Sidus Space completed the delivery of additional hardware enclosures for the Mobile Launcher 2 and successfully executed two capital raises to fund key technology initiatives [5]. - The design for the FeatherEdge™ 248Vi was completed, advancing AI/ML processing for space and defense applications [5]. - A contract was signed to integrate the Lonestar Commercial Pathfinder Mission on LizzieSat®-5 [5]. Cash Position - As of September 30, 2025, the cash position was $12.7 million, down from $15.7 million a year earlier [4]. Strategic Focus - The company is focused on aligning spending with near-term revenue milestones, identifying operational efficiencies, strengthening intellectual property, and expanding global partnerships [2].

Satellite Launch and Technology - Sidus Space successfully launched three hybrid, additively manufactured LizzieSat® satellites equipped with advanced AI edge-computing capabilities in just over 12 months[117]. - The LizzieSat platform includes upgrades such as an AI processor capable of handling 248 trillion operations per second (TOPS) and a payload processor with speeds up to 12 Gb/s[120]. - The modular LizzieSat platform can be customized for various technologies and mission requirements, supporting a broad range of operational and data collection needs[119]. - Successfully launched LizzieSat®-1 in March 2024, LizzieSat®-2 in December 2024, and completed the build and launch of LizzieSat®-3 in Q1 2025, establishing a micro-constellation for near real-time solutions[141]. - Integrated second-generation automated identification system (AIS) technology into the LizzieSat® satellite constellation, enhancing vessel tracking and monitoring solutions[149]. - Expected to launch four to six more LizzieSat® satellites ranging from 100kg to 400kg over the next 24 months, expanding commercial satellite operations[151]. Contracts and Revenue - Signed a preliminary contract valued at $120 million to design and build the first-generation lunar fleet of Data Storage Spacecraft for Lonestar Data Holdings, reinforcing the adaptability of the LizzieSat® platform[141]. - Awarded a $2 million contract from Craig Technologies to manufacture two fleet interactive display equipment (FIDE) pre-production unit main panels for U.S. Navy Propulsion systems[141]. - The data-as-a-service model is subscription-based with multiple price tiers, applicable to government, defense, and commercial customers[123]. - Revenue for the three months ended September 30, 2025, decreased by $570,900, a 31% decline compared to the same period in 2024[177]. - Non-related party revenue fell approximately 68% to about $559,000 for the three months ended September 30, 2025, down from approximately $1.8 million in the same period of 2024[178]. - Related party revenue increased by 562% to approximately $739,000 for the three months ended September 30, 2025, compared to approximately $112,000 in the same period of 2024[178]. Financial Performance - Gross profit decreased 450% for the nine months ended September 30, 2025, resulting in a loss of approximately $3.9 million compared to a loss of approximately $719,000 for the same period in 2024[187]. - Net loss for the nine months ended September 30, 2025, was approximately $18.1 million, an increase of 52% compared to a net loss of approximately $11.8 million in 2024[194]. - Current assets decreased by approximately $1.1 million to approximately $21.1 million as of September 30, 2025, from approximately $22.2 million as of December 31, 2024[200]. - Current liabilities increased by approximately $1.1 million to $15.4 million as of September 30, 2025, primarily due to an increase in asset-based loan liability[201]. - Adjusted EBITDA for the nine months ended September 30, 2025, was approximately $(12.6) million, a decrease of 51% compared to $(8.3) million in 2024[194]. - Cash used in operating activities was approximately $14.1 million, an increase of 37% compared to $10.3 million in the same period of 2024[203]. Manufacturing and Operations - The company operates a 35,000-square-foot manufacturing facility that is ISO 9001:2015 and AS9100 Rev. D certified, supporting the manufacturing, testing, and assembly of space-grade hardware[124]. - Sidus Space's manufacturing capabilities include precision machining, multi-material 3D printing, and a reconfigurable avionics lab for producing space system components[124][130]. - The company aims to expand its space and defense hardware operations from one shift to two and a half shifts, targeting growth in avionics and wire harness divisions[153]. - Established a fully operational mission control center to manage satellite operations and enhance constellation operation capabilities[141]. Market Trends and Growth - The global space economy is projected to reach $1.8 trillion by 2035, growing from $630 billion in 2023, with an average annual growth rate of 9%[167]. - The small satellite market is expected to grow at a CAGR of 16.4%, reaching approximately $30.6 billion by 2034, driven by cost-effectiveness and advances in miniaturization[168]. - The small satellite launch market is projected to grow from $7.6 billion to $28.4 billion, reflecting a 279% increase[172]. - The company is actively expanding its international market presence, signing partnership agreements with companies in Germany, Japan, Bahrain, and India[163]. Intellectual Property and Innovation - Strengthened intellectual property portfolio with the approval of new patents and the publication of a patent application protecting enhanced functionality of the LizzieSat® Modular Satellite Platform System[142]. - The company holds 14 granted patents and 13 pending applications related to space technologies, indicating a strong focus on innovation[157]. Financial Adjustments and Reporting - The company adopted ASC 606 for revenue recognition, which did not have a material impact on the consolidated financial statements[211]. - The company accounts for most fixed price or time and materials contracts as performance obligations satisfied over time, reflecting the right to collect based on services provided[216]. - The provision for expected credit losses on trade receivables is estimated based on historical information and customer solvency, with adjustments for forward-looking information[218]. - The company is evaluating the benefits of relying on exemptions and reduced reporting requirements provided by the JOBS Act as an "emerging growth company"[226].