Company: SIDU
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023543
Chunk: 53

Company: Sidus Space Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 53
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AAP
MEASURES

To
provide investors with additional information in connection with our results as determined in accordance with GAAP, we use non-GAAP measures
of adjusted EBITDA. We use adjusted EBITDA in order to evaluate our operating performance and make strategic decisions regarding future
direction of the company since it provides a meaningful comparison to our peers using similar measures. We define adjusted EBITDA as
net income (as determined by U.S. GAAP) adjusted for interest expense, depreciation and amortization expense, acquisition deal costs,
severance costs, capital market and advisory fees, equity-based compensation and warrant costs. These non-GAAP measures may be different
from non-GAAP measures made by other companies since not all companies will use the same measures. Therefore, these non-GAAP measures
should not be considered in isolation or as a substitute for relevant U.S. GAAP measures and should be read in conjunction with information
presented on a U.S. GAAP basis.

The
following table reconciles adjusted EBITDA to net loss (the most comparable GAAP measure) for the three months ended September 30, 2025
and 2024:

    Three Months Ended  

    September 30,  

    2025  
    2024  
    Change  
    % 
  
    Net Income / (Loss) 
    $(6,033,599) 
    $(3,902,589) 
    $(2,131,010) 
     55%
  
    Interest Income/Expense (i) 
     402,552  
     733,714  
     (331,162) 
     (45)%
  
    Depreciation and Amortization (ii) 
     1,157,840  
     636,416  
     521,424  
     82%
  
    Fundraising expense (iii) 
     307,950  
     -  
     307,950  
     N/A 
  
    Severance Costs 
     -  
     3,192  
     (3,192) 
     N/A 
  
    Equity based compensation (iv) 
     188,615  
     76,013  
     112,602  
     148%
  
    Total Non-GAAP Adjustments 
     2,056,957  
     1,