Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1098

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1098
---
EO, GEO, Cislunar and Lunar satellites. We have limited experience in forecasting,
marketing and selling such services, and if we are unable to utilize our current or future sales organization effectively in order to
adequately target and engage our potential customers, our business may be adversely affected.

Our
success depends, in part, on our ability to attract new customers in a cost-effective manner. We expect that we will need to make significant
investments in order to attract new customers. Our sales growth is dependent upon our ability to implement strategic initiatives, and
these initiatives may not be effective in generating sales growth. In addition, marketing campaigns, which we have not historically utilized,
can be expensive and may not result in the acquisition of customers in a cost-effective manner, if at all. Further, as our brand becomes
more widely known, future marketing campaigns or brand content may not attract new customers at the same rate as past campaigns or brand
content. If we are unable to attract new customers, our business, financial condition and results of operations will be harmed.

Any
setbacks we may experience during commercial satellite launches and other demonstration and commercial missions could have a material
adverse effect on our business, financial condition and results of operation, and could harm our reputation.

The
success of our launch and satellite services business will depend on our ability to successfully and regularly deliver customer satellites
into orbit. In November 2019, we successfully launched EFTP, our on-orbit external experimental facility hosted on the NanoRacks International
Space Station External Platform (NREP). Additionally, in January of 2020, a microsatellite was successfully launched from the ISS using
our SSIKLOPS platform for the STP program office. In March 2024, we launched our first LizzieSat® satellite, in December 2024 we
launched our second LizzieSat® and in March 2025, we launched our third LizzieSat® satellite

There
is no guarantee that our planned commercial launches or subsequent commercial launches thereafter will be successful. While we believe
that our launch partners have built operational processes to ensure that the design, manufacture, performance and servicing of their
launch vehicles meet rigorous performance goals, there can be no assurance that our launch partners will not experience operational
or process failures and other problems during any of our planned launches. Any failures or setbacks could harm our reputation and have
a material adverse effect on our business, financial condition and results of operation.

The
market for commercial