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].