Company: SIDU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024043
Chunk: 47

Company: Sidus Space Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 47
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) 
     (186,041) 
     22%
  
    Gross Profit (Loss) Percentage 
     (81)% 
     (91)% 

    Selling, general and administrative expense 
     4,263,269  
     3,056,814  
     1,206,455  
     39%
  
    Other income (expense) 
     (334,659) 
     (238,169) 
     (96,490) 
     41%
  
    Net loss 
    $(5,625,070) 
    $(4,136,084) 
    $(1,488,986) 
     36%

Revenue

Total
revenue for the three months ended June 30, 2025 increased approximately $333,000 compared to the three months ended June 30, 2024. Non-related
party revenue decreased by approximately 17% for the three months ended June 30, 2025, to approximately $691,000 as compared to approximately
$835,000 for the three months ended June 30, 2024. This was primarily driven by the timing of fixed price milestone contracts revenue.
Related party revenue increased 514% to approximately $570,000 for the three months ended June 30, 2025 versus approximately $93,000
for the three months ended June 30, 2024. This was influenced by the timing of fixed-price milestone contracts.

Cost
of Revenue

Cost
of revenue increased 29% for the three months ended June 30, 2025 to approximately $2.3 million as compared to approximately $1.8 million
for the three months ended June 30, 2024 and included approximately $318,000 related party cost of sales as of June 30, 2025 and approximately
$47,000 as of June 30, 2024. The overall increase in cost of revenue was primarily driven by a mix of contracts of varying types, satellite
and related software depreciation expense increase of approximately $486,000 versus 2024 and continued increased supply chain related
costs in the manufacturing side of our business.

Gross
Profit (Loss)

The
22% decrease in our gross profit for the three months ended June 30, 2025 to a loss of approximately $1.0 million as compared to a loss
of approximately $841,000 for the three months ended June 30