Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1241

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 1241
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 past, and will encounter in the future, risks and uncertainties frequently experienced by
growing companies with limited operating histories in rapidly changing industries. If our assumptions regarding these risks and uncertainties,
which we use to plan and operate our business, are incorrect or change, or if we do not address these risks successfully, our results
of operations could differ materially from its expectations and its business, financial condition and results of operations could be
adversely affected.

We
have incurred significant losses since inception, we expect to incur losses in the future, and we may not be able to achieve or maintain
profitability.

We
have incurred significant losses since our inception. We incurred net losses of $17,524,056 and $14,328,348 for the years ended December
31, 2024 and 2023, respectively. While we have generated limited revenue to date, we have not yet achieved production level satellite
manufacturing, launch and data activities, and it is difficult for us to predict our future operating results. As a result, our losses
may be larger than anticipated, and we may not achieve profitability when expected, or at all, and even if we do, we may not be able
to maintain or increase profitability.

We
expect our operating expenses to increase over the next several years as we commence production level satellite manufacturing and satellite
launch activities, continue to refine and streamline our design and manufacturing processes, make technical improvements, increase our
launch cadence, hire additional employees and initiate research and development efforts relating to new products and technologies, including
our space services business. These efforts may be more costly than we expect and may not result in increased revenue or growth in our
business. Any failure to increase our revenue sufficiently to keep pace with our investments and other expenses could prevent us from
achieving or maintaining profitability or positive cash flow. Furthermore, if our future growth and operating performance fail to meet
investor or analyst expectations, or if we have future negative cash flow or losses resulting from our investment in acquiring customers
or expanding our operations, this could have a material adverse effect on our business, financial condition and results of operations.

We
may require substantial additional funding to finance our operations, but adequate additional financing may not be available when we
need it, on acceptable terms or at all.

In
the future, we could be required to raise capital through public or private financing or other arrangements. Such financing may not be
available on acceptable terms, or at all, and our failure to raise capital