Sidus Space (SIDU) investor relations material

Executive summary

• Transitioned from government-focused contract manufacturing to a diversified space and defense technology company, emphasizing vertically integrated, end-to-end satellite and AI-enabled data solutions.

• Launched three LizzieSat satellites between March 2024 and March 2025, validating platform capabilities and supporting commercialization.

• Focused on company-owned, multi-mission satellites to diversify revenue streams and enhance business resilience.

• Advanced onboard computing and AI capabilities with the Fortis VPX platform, targeting both commercial and defense markets.

• Strategic shift toward higher-margin, scalable products and platforms, reducing reliance on legacy contract manufacturing.

Financial highlights

• Full year 2025 revenue was $3.4 million, down 28% from $4.7 million in 2024, reflecting a shift away from legacy contracts.

• Cost of revenue increased 48% to $9.1 million, driven by higher depreciation and supply chain pressures.

• Gross loss widened to $5.7 million from $1.5 million in 2024, mainly due to increased depreciation and contract mix.

• Adjusted EBITDA loss was $17.3 million, compared to $12.9 million in 2024, reflecting ongoing investment in scaling.

• Net loss for 2025 was $29.5 million, up from $17.5 million in 2024, primarily due to infrastructure and personnel investments and a $4.5 million impairment charge.

Outlook and guidance

• Focus on accelerating commercialization, expanding defense market presence, and prioritizing scalable, higher-margin products.

• LS-4 and LS-5 satellites in production, featuring advanced AI and onboard processing, with customer deployments expected.

• Continued emphasis on cost discipline, capital efficiency, and converting pipeline into contracted programs.