Company: SIDU
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023543
Chunk: 92

Company: Sidus Space Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 92
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 (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  
     1,449,335  
     607,622  
     42%
  
    Adjusted EBITDA 
     (3,976,642) 
     (2,453,254) 
     (1,523,388) 
     (62)%

    (i)
    Sidus
    Space incurred decreased interest income/expense due to decreased interest expense from a short-term note