Sidus Space reported total revenue of $238,494 for the three months ended March 31, 2025, a significant decrease from $1,050,155 in the first quarter of 2024. The company recorded a gross loss of $1,628,478 for Q1 2025, compared to a gross profit of $84,064 in Q1 2024.
Selling, general, and administrative expenses increased to $4,444,442 for Q1 2025, up from $3,645,583 in Q1 2024. Consequently, the net loss for the three months ended March 31, 2025, widened to $6,414,627, compared to $3,810,500 in the prior year period.
The Adjusted EBITDA loss also increased to $4,674,423 for Q1 2025, from $2,678,691 for Q1 2024. Cash and cash equivalents decreased to $11,711,301 as of March 31, 2025, down from $15,703,579 at December 31, 2024, reflecting ongoing investments and operational costs.
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