Company: SIDU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024043
Chunk: 49

Company: Sidus Space Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 49
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    Change  
    % 
  
    Revenue 
    $1,499,517  
    $1,977,725  
    $(478,208) 
     (24)%
  
    Cost of revenue 
     4,155,137  
     2,734,762  
     1,420,375  
     52%
  
    Gross Profit (Loss) 
     (2,655,620) 
     (757,037) 
     (1,898,583) 
     251%
  
    Gross Profit Percentage 
     (177)% 
     (38)% 

    Selling, general and administrative expense 
     8,707,711  
     6,702,397  
     2,005,314  
     30%
  
    Other expense 
     (676,366) 
     (487,150) 
     (189,216) 
     39%
  
    Net loss 
    $(12,039,697) 
    $(7,946,584) 
    $(4,093,113) 
     52%

Revenue

Total
revenue for the six months ended June 30, 2025 decreased approximately $478,000 compared to the six months ended June 30, 2024. Non-related
party revenue decreased by approximately 49% for the six months ended June 30, 2025, to approximately $852,000 as compared to approximately
$1.7 million for the six months ended June 30, 2024. This was primarily driven by the timing of fixed price milestone contracts revenue.
Related party revenue increased 117% to approximately $648,000 for the six months ended June 30, 2025 versus approximately $298,000 for
the six months ended June 30, 2024. This was influenced by the timing of fixed-price milestone contracts.

39

Cost
of Revenue

Cost
of revenue increased 52% for the six months ended June 30, 2025 to approximately $4.2 million as compared to approximately $2.7 million
for the six months ended June 30, 2024 and included approximately $356,000 related party cost of sales as of June 30, 2025 and approximately
$214,000 as of June 30, 2024. The overall increase in cost of revenue was primarily