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Sidus Space, Inc. Class A (SIDU)
:SIDU
RESEARCH TOOLSreports
Earnings Data
Report Date
Mar 31, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.89Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: 17.19%
|Next Earnings Date:Mar 31, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth, successful satellite launches, and key technological advancements. Although there were notable cost increases and a continued net loss, the positive developments and financial improvements indicate a generally optimistic outlook.Company Guidance
During Sidus Space's third quarter 2024 earnings call, CEO Carol Craig highlighted significant growth and strategic advancements, noting a 90% year-over-year revenue increase to approximately $1.9 million, driven by satellite-related contracts. The company achieved a gross profit margin improvement to 2%, compared to a negative 10% in the same period last year. Significant accomplishments included a $2 million contract with the U.S. Navy, successful completion of a NASA mission, and securing regulatory approval for a micro constellation in Low Earth Orbit. Sidus also introduced innovative technologies, such as integrating Iridium-enabled technology for real-time data transmission and a high-speed switch card for satellite communications. The company anticipates continued growth, with LizzieSat-2 and LizzieSat-3 launches planned within the next six months and a promising sales pipeline bolstered by these advancements.Significant Revenue Growth
Sidus Space achieved a 90% year-over-year revenue increase during the third quarter of 2024, reaching total revenue of approximately $1.9 million.
Successful Satellite Launches and Contracts
Sidus completed the primary objectives of the ASTRA in-space payload mission with NASA and received a follow-on contract. They also secured contracts with Xiomas Technologies and the U.S. Navy, along with a multimillion-dollar satellite agreement with the Netherlands organization.
Launch and Approval Milestones
Sidus received FCC approval for LizzieSat-2 through 5 and completed testing for LizzieSat-2, slated for launch in December 2024. LizzieSat-3 is scheduled for Q1 2025.
Operational and Technological Advancements
Sidus upgraded its LizzieSat communication system to integrate Iridium-enabled technology for near real-time messaging applications, enhancing their position in the commercial space market.
Improved Financial Metrics
Gross profit increased by 140%, and adjusted EBITDA loss improved by 33% compared to the same period last year.
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SIDU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SIDU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $1.28 | $1.20 | -6.25% |
| Aug 19, 2024 | $3.81 | $3.11 | -18.37% |
| May 20, 2024 | $3.23 | $3.12 | -3.41% |
| Mar 27, 2024 | $3.67 | $3.50 | -4.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sidus Space, Inc. Class A (SIDU) report earnings?
Sidus Space, Inc. Class A (SIDU) is schdueled to report earning on Mar 31, 2025, TBA Not Confirmed.
What is Sidus Space, Inc. Class A (SIDU) earnings time?
Sidus Space, Inc. Class A (SIDU) earnings time is at Mar 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SIDU EPS forecast?
Currently, no data Available
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