Sidus Space Reports Second Quarter 2024 Financial Results, Provides Business Update

Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a provider of end-to-end precision Space Infrastructure solutions that include satellite Data-as-a-Service on its proprietary on-orbit platform, announced its financial results for the second quarter ended June 30, 2024 and provided a business update. The Company will host a conference call and webcast today, Monday, August 19^andat 5:00 PM ET.

“In the second quarter of 2024, we achieved a significant milestone with the successful commissioning of our first LizzieSat (LS-1), which launched in March on the SpaceX Transporter-10 Rideshare Mission. Following this critical phase, we began activating payloads and achieved the primary objectives of several LS-1 missions. As the first commercial satellite designed, manufactured and operated entirely by Sidus, LS-1 demonstrated our vertical integration capabilities and our experience in deploying and operating our satellite, equipped with multiple technologies that serve a wide range of applications and customers,” said Carol Craig, Founder and CEO of Sidus Space. “This achievement marks a significant step forward in our strategy to establish Sidus as a leader in the Space ecosystem. Our space-based Data-as-a-Service business model, enabled by the LizzieSat constellation, is poised to scale rapidly, delivering high-margin revenues as we prepare for the launches of LizzieSat 2 and 3 with SpaceX,” concluded Ms Craig.