Company: SIDU
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023543
Chunk: 87

Company: Sidus Space Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 87
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597,023  
     1,830,787  
     766,236  
     42%
  
    Gross Profit (Loss) 
     (1,298,965) 
     38,171  
     (1,337,136) 
     (3503)%
  
    Gross Profit (Loss) Percentage 
     (100)% 
     2% 

    Selling, General & Administrative Expense 
     4,332,441  
     3,210,069  
     1,122,372  
     35%
  
    Other income (expense) 
     (402,193) 
     (730,691) 
     328,498  
     (45)%
  
    Net loss 
    $(6,033,599) 
    $(3,902,589) 
    $(2,131,010) 
     55%

Revenue

Total
revenue for the three months ended September 30, 2025 decreased $570,900 compared to the three months ended September 30, 2024. Non-related
party revenue decreased by approximately 68% for the three months ended September 30, 2025, to approximately $559,000 as compared to
approximately $1.8 million for the three months ended September 30, 2024. This was primarily driven by the timing of fixed price milestone
contracts revenue. Related party revenue increased 562% to approximately $739,000 for the three months ended September 30, 2025 versus
approximately $112,000 for the three months ended September 30, 2024. This was influenced by the timing of fixed-price milestone contracts.

Cost
of Revenue

Cost
of revenue increased 42% for the three months ended September 30, 2025 to approximately $2.6 million as compared to approximately $1.8
million for the three months ended September 30, 2024 and included approximately $654,000 related party cost of sales as of September
30, 2025 and approximately $58,000 as of September 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 $500,000 versus 2024, and approximately
$250,000 increased direct labor costs due to the contracts processed in the quarter were more