Sidus Space Inc

NASDAQ:SIDUUnited States

Nov 15, 2024

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• Press Release: CORRECTING AND REPLACING: Sidus Space Reports Third Quarter 2024 Financial Results and Provides Business Update, from 5:35AM ET on Friday Nov 15, 2024 by Dow Jones

  5:35AM ET on Friday Nov 15, 2024 by Dow Jones
  Companies Mentioned: SIDU
  outstanding 4,181,344 743,049 3,695,944 518,803 =========== =========== ============ ============ SIDUS SPACE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) Nine Months Ended September 30, --------------------------- 2024 2023 ------------ ------------ Cash Flows From Operating Activities: Net loss $(11,849,173) $(11,024,725) Adjustments to reconcile net loss to net cash used in operating activities: Stock based compensation 236,040 845,029 Depreciation and amortization 1,494,449 148,166 Bad debt - 15,000 Changes in operating assets and liabilities: Accounts receivable (320,263) 258,493 Accounts receivable - related party (202,510) (77,796) Inventory (482,685) (717,645) Contract asset - (16,192) Contract asset - related party (7,031) (15,956) Prepaid expenses and other assets 987,099 (2,511,912) Accounts payable and accrued liabilities (495,734) 3,087,470 Accounts payable and accrued liabilities - related party 348,249 29,553 Contract liability - 16,192 Contract liability - related party 7,031 15,956 Changes in operating lease assets and liabilities (3,700) (6,613) ------------ ------------ Net Cash provided by (used in) Operating Activities (10,288,228) (9,954,980) ------------ ------------ Cash Flows From Investing Activities: Purchase of property and equipment (5,102,661) (4,836,249) Cash paid for asset acquisition - (468,663) ------------ ------------ Net Cash used in Investing Activities (5,102,661) (5,304,912) ------------ ------------ Cash Flows From Financing Activities: Proceeds from issuance of common stock units 13,742,311 14,788,121 Proceeds from asset-based loan agreement 3,990,957 3,487,982 Repayment of asset-based loan agreement (2,177,085) (3,490,144) Repayment of notes payable (150,000) (223,995) ------------ ------------ Net Cash provided by (used in) Financing Activities 15,406,183 14,561,964 ------------ ------------ Net change in cash 15,294 (697,928) Cash, beginning of period 1,216,107 2,295,259 ------------ ------------ Cash, end of period $ 1,231,401 $ 1,597,331 ============ ============ Supplemental cash flow information Cash paid for interest $ 524,015 $ 20,353 ============ ============ Cash paid for taxes $ - $ - ============ ============ Non-cash Investing and Financing transactions: Class A common stock issued for conversion of Series A convertible preferred stock $ 16,566 $ - ============ ============ Recognition of right-of-use asset and lease liability $ 284,861 $ 135,235 ============ ============ Class A common stock issued for exercised cashless warrant $ - $ 1,160 ============ ============
  

• -- Earnings Flash (SIDU) SIDUS SPACE Posts Q3 Revenue $1.9M, from 5:32AM ET on Friday Nov 15, 2024 by MT Newswires

  5:32AM ET on Friday Nov 15, 2024 by MT Newswires
  Companies Mentioned: SIDU
  05:32 AM EST, 11/15/2024 (MT Newswires) -- ...

• -- Earnings Flash (SIDU) SIDUS SPACE Reports Q3 Loss $-0.93, from 5:31AM ET on Friday Nov 15, 2024 by MT Newswires

  5:31AM ET on Friday Nov 15, 2024 by MT Newswires
  Companies Mentioned: SIDU
  05:31 AM EST, 11/15/2024 (MT Newswires) -- ...