Sidus Space Reports Full Year 2023 Financial Results and Provides Business Update
Sidus Space Reports Full Year 2023 Financial Results and Provides Business Update
Sidus Space Reports Full Year 2023 Financial Results and Provides Business Update
Sidus Space公布2023年全年财务业绩并提供业务最新情况
March 27, 2024 8:00am EDT Download as PDF
美国东部时间 2024 年 3 月 27 日上午 8:00 以 PDF 格式下载
CAPE CANAVERAL, Fla.--(BUSINESS WIRE)-- Sidus Space, Inc. (NASDAQ:SIDU) (the "Company" or "Sidus"), a Space and Data-as-a-Service satellite company, announces financial results for the full year ended December 31, 2023 and provides a business update. Management is scheduled to host a conference call and webcast today, March 27th, at 9:00 a.m. ET.
佛罗里达州卡纳维拉尔角--（美国商业资讯）-- Sidus Space, Inc.。太空和数据即服务卫星公司纳斯达克股票代码：SIDU）（“公司” 或 “Sidus”）公布了截至2023年12月31日的全年财务业绩，并提供了业务最新情况。管理层定于今天，即3月27日主持电话会议和网络直播第四，美国东部时间上午 9:00
"2023 was a pivotal year for Sidus, culminating with the successful launch of our first LizzieSat on the SpaceX Transporter-10 Rideshare Mission earlier this month. LizzieSat-1 is the first of several satellites planned for launch to Low Earth Orbit. We are quickly building our constellation of 3D-printed, AI-enhanced satellites, with two more LizzeSats manifested for launch before the end of the year," said Carol Craig, Founder and CEO of Sidus.
“2023年对Sidus来说是关键的一年，本月早些时候，我们在SpaceX Transporter-10拼车任务中成功发射了第一颗LizzieSat。LizzieSat-1是计划发射到低地球轨道的几颗卫星中的第一颗。我们正在迅速建造由3D打印、人工智能增强型卫星组成的星座，另外两颗LizzeSats计划在年底之前发射。” Sidus创始人兼首席执行官卡罗尔·克雷格说。
"Launching LizzieSat-1 was a major step in executing our strategy of building high-margin, recurring revenue streams from our satellite data, and we have already begun to see the effects of this on our financials with a gross margin of 28% for 2023, an 8% improvement over the prior year," continued Craig. "Additionally, we bolstered our balance sheet subsequent to year end by raising gross proceeds of $15.2 million, putting us on stronger financial footing as we continue to expand our constellation later this year and into the future."
克雷格继续说：“发射LizzieSat-1是我们执行利用卫星数据建立高利润的经常性收入来源战略的重要一步，我们已经开始看到这对财务的影响，2023年毛利率为28％，比上年增长8％。”“此外，我们在年底之后筹集了1,520万美元的总收益，从而巩固了资产负债表，这为我们在今年晚些时候和未来继续扩大业务范围奠定了更坚实的财务基础。”
Operational Highlights for the Quarter Ending December 31, 2023:
截至2023年12月31日的季度运营亮点：
- Successfully Completed LizzieSat Vibration Testing
- Announced Issuance of New U.S. Patent for Electromagnetic Interference (EMI) Filter Unit
- Integrated FeatherEdge AI into LizzieSat
- Received NASA Stennis ASTRA Flight Software and Hardware
- Awarded Additional Bechtel Cable Assembly Contract for Mobile Launcher 2
- Added Contracts for Data Collected by LizzieSat Satellites
- Awarded 5 Year, $10 Million Ceiling (IDIQ) Commercial Contract to Support Commercial Lunar Transportation
- Completed Environmental Testing of AI-Enhanced LizzieSat
- 成功完成 LizzieSat 振动测试
- 宣布颁发新的美国电磁干扰（EMI）滤波器单元专利
- 将 FeatherEdge AI 集成到 LizzieSat
- 收到了 NASA Stennis ASTRA 飞行软件和硬件
- 获得了 Bechtel 移动发射器 2 的额外电缆组装合同
- 为LizzieSat Satellites收集的数据增加了合同
- 获得为期5年、价值1,000万美元的上限（IDIQ）商业合同，以支持商业月球运输
- 已完成人工智能增强型 LizzieSat 的环境测试
Subsequent Operational Highlights:
后续运营亮点：
- Established Two-Way Communications with State-of-the-Art Hybrid 3D-Printed LizzieSat after Successful Launch and Deployment on the SpaceX Transporter-10 Rideshare Mission
- Launched LizzieSat from Vandenberg Space Force Base
- Completed Contract to Deliver Onboard Computing Flight Hardware
- Completed System Requirements & Design Review, Demonstrating Progress Toward Launch of Innovative Precision Positioning, Navigation and Timing Payload
- Integrated NASA Stennis ASTRA Engineering Unit into LizzieSat
- Announced Publication of New U.S. Patent Application for LizzieSat Platform
- Awarded National Geospatial-Intelligence Agency IDIQ Research and Development Contract with $794 Million Ceiling to Solis Applied Science Team, Including Sidus Space
- Unveiled Cutting-edge Multi-Material 3D Printed Space Hardware Division
- Announced Technology Hosting Payload Contract with ASPINA
- Achieved Critical Artificial Intelligence (AI) and Hardware Contract Milestones
- Secured NOAA Approval to Provide Imaging Services to Government and Commercial Customers
- 在成功发射和部署SpaceX Transporter-10拼车任务后，与最先进的混合3D打印LizzieSat建立了双向通信
- 从范登堡太空部队基地发射了 LizzieSat
- 完成了交付机载计算飞行硬件的合同
- 完成了系统要求和设计审查，展示了在发射创新的精密定位、导航和定时有效载荷方面取得的进展
- 将 NASA Stennis ASTRA 工程单元整合到 LizzieSat
- 宣布公布LizzieSat平台新的美国专利申请
- 向包括Sidus Space在内的索利斯应用科学团队授予国家地理空间情报局IDIQ研发合同，上限为7.94亿美元
- 推出尖端的多材料 3D 打印太空硬件部门
- 宣布与ASPINA签订技术托管有效负载合同
- 实现了关键的人工智能 (AI) 和硬件合同里程碑
- 获得 NOAA 批准，可向政府和商业客户提供影像服务
Corporate Governance and Capital Formation Highlights:
公司治理和资本形成亮点：
- Appointed Bill White as Chief Financial Officer
- Subsequent to December 31, 2023, the Company received gross proceeds of $15.2 million through the exercise of warrants and two equity offerings
- 任命比尔·怀特为首席财务官
- 2023年12月31日之后，公司通过行使认股权证和两次股票发行获得了1,520万美元的总收益
Financial Highlights for the Full Year Ending December 31, 2023:
截至2023年12月31日的全年财务摘要：
Total revenue for the twelve months ended December 31, 2023 totaled approximately $6.0 million, a decrease of $1.3 million compared to total revenue for the twelve months ended December 31, 2022. This decrease was primarily driven by the timing of fixed price milestone contracts offset by satellite payload revenue.
截至2023年12月31日的十二个月的总收入约为600万美元，与截至2022年12月31日的十二个月的总收入相比减少了130万美元。下降的主要原因是固定价格里程碑合同的时机被卫星有效载荷收入所抵消。
Cost of revenue decreased 26% for the twelve months ended December 31, 2023 to approximately $4.3 million as compared to approximately $5.9 million for the twelve months ended December 31, 2022. The decrease was primarily driven by a mix of contracts and an increase in our higher margin satellite related business, which helped offset continued increased supply chain related costs in the manufacturing side of our business.
截至2023年12月31日的十二个月中，收入成本下降了26％，至约430万美元，而截至2022年12月31日的十二个月的收入成本约为590万美元。下降的主要原因是合同的混合以及我们利润率更高的卫星相关业务的增加，这有助于抵消我们业务制造方面持续增加的供应链相关成本。
Gross profit increased 14% for the twelve months ended December 31, 2023 to approximately $1.6 million as compared to approximately $1.4 million for the twelve months ended December 31, 2022. Gross profit margin increased to 28% for the full year 2023 as compared to 20% for the full year 2022. This improvement was driven by an increase in the Company's higher margin satellite business.
截至2023年12月31日的十二个月中，毛利增长了14％，达到约160万美元，而截至2022年12月31日的十二个月的毛利约为140万美元。2023年全年的毛利率增至28％，而2022年全年的毛利率为20％。这一改善是由该公司利润率更高的卫星业务的增长推动的。
Selling, general, and administrative expenses for the twelve months ended December 31, 2023 totaled $14.2 million as compared to $13.5 million for the same period the prior year. The increase was primarily due to an increase in professional fees, including legal costs, associated with the acquisition of Exo-Space, as well as an increase in fundraising and employee expenses. This was offset by a decrease in insurance rates, license fees, and IR/PR expenses.
截至2023年12月31日的十二个月中，销售、一般和管理费用总额为1,420万美元，而去年同期为1,350万美元。增长主要是由于与收购Exo-Space相关的专业费用（包括法律费用）的增加，以及筹款和员工开支的增加。这被保险费率、许可费和IR/PR支出的下降所抵消。
Adjusted EBITDA loss, a non-GAAP measure, for the twelve months ended December 31, 2023 totaled $10.9 million as compared to an Adjusted EBITDA loss of $9.7 million for the same period the prior year. Total non-GAAP adjustments for interest expense, depreciation and amortization, acquisition deal costs, severance costs, capital markets and advisory fees, equity-based compensation, and warrant costs are provided in the reconciliation table below.
截至2023年12月31日的十二个月中，调整后的息税折旧摊销前利润亏损总额为1,090万美元，而去年同期调整后的息税折旧摊销前利润亏损为970万美元。下表中提供了利息支出、折旧和摊销、收购交易成本、遣散费、资本市场和咨询费、股票薪酬和认股权证成本的非公认会计准则调整总额。
Net loss for the twelve months ended December 31, 2023 was $14.3 million as compared to a net loss of $12.8 million for the same period the prior year.
截至2023年12月31日的十二个月中，净亏损为1,430万美元，而去年同期的净亏损为1,280万美元。
Balance Sheet:
资产负债表：
At December 31, 2023, the Company had cash of $1.2 million as compared to $2.3 million at December 31, 2022. Subsequent to December 31, 2023, the Company received gross proceeds of $15.2 million through the exercise of warrants and two offerings.
截至2023年12月31日，该公司的现金为120万美元，而截至2022年12月31日为230万美元。2023年12月31日之后，公司通过行使认股权证和两次发行获得了1,520万美元的总收益。
Accounts Payable and other current liabilities was $6.7 million at December 31, 2023, as compared to $3.4 million at December 31, 2022. Asset-based loan liability was $2.6 million at December 31, 2023 as compared to $502 thousand at December 31, 2022. Notes payable was $2 million at December 31, 2023 as compared to $1.6 million at December 31, 2022. These increases were primarily due to timing of vendor payments, increased utilization of our asset-based loan and accrued interest expense related to our note payable.
截至2023年12月31日，应付账款和其他流动负债为670万美元，而截至2022年12月31日为340万美元。截至2023年12月31日，基于资产的贷款负债为260万美元，而截至2022年12月31日为50.2万美元。截至2023年12月31日，应付票据为200万美元，而截至2022年12月31日的应付票据为160万美元。这些增长主要是由于供应商付款的时机、资产贷款利用率的提高以及与应付票据相关的应计利息支出。
Conference Call and Webcast
电话会议和网络直播
| Event: | Sidus Space Fourth Quarter and Full Year 2023 Financial Results Conference Call | |
| Date: | Wednesday, March 27, 2024 | |
| Time: | 9:00 a.m. Eastern Time | |
| Live Call: | + 1-877-269-7751 (U.S. Toll-Free) or +1-201-389-0908 (International) | |
| Webcast: | https://viavid.webcasts.com/starthere.jsp?ei=1661883&tp_key=c30998f081 |
| 活动： | Sidus Space 2023 年第四季度和全年财务业绩电话会议 | |
| 日期： | 2024年3月27日，星期三 | |
| 时间： | 美国东部时间上午 9:00 | |
| 实时通话： | + 1-877-269-7751（美国免费电话）或 +1-201-389-0908（国际） | |
| 网络直播： | https://viavid.webcasts.com/starthere.jsp?ei=1661883&tp_key=c30998f081 |
For interested individuals unable to join the conference call, a dial-in replay of the call will be available until Wednesday, April 10, 2024, at 11:59 P.M. ET and can be accessed by dialing +1-844-512-2921 (U.S. Toll Free) or +1-412-317-6671 (International) and entering replay pin number: 13745176. An online archive of the webcast will be available for three months following the event at investors.sidusspace.com.
对于无法参加电话会议的感兴趣的个人，电话会议的拨号重播将在美国东部时间2024年4月10日星期三晚上 11:59 之前开放，拨打+1-844-512-2921（美国免费电话）或+1-412-317-6671（国际）并输入重播密码：13745176。网络直播的在线档案将在活动结束后的三个月内在以下网址公布 投资者sidusspace.com。
About Sidus Space
关于 Sidus Space
Sidus Space (NASDAQ: SIDU) is a multi-faceted Space and Data-as-a-Service satellite company focused on mission-critical hardware manufacturing; multi-disciplinary engineering services; satellite design, production, launch planning, mission operations; and in-orbit support. The Company is in Cape Canaveral, Florida, where it operates from a 35,000-square-foot manufacturing, assembly, integration, and testing facility focused on vertically integrated Space-as-a-Service solutions including end-to-end satellite support.
Sidus Space（纳斯达克股票代码：SIDU）是一家多方面的太空和数据即服务卫星公司，专注于任务关键硬件制造、多学科工程服务、卫星设计、生产、发射规划、任务运营和在轨支持。该公司位于佛罗里达州卡纳维拉尔角，在那里运营的制造、组装、集成和测试设施占地35,000平方英尺，专注于垂直整合的太空即服务解决方案，包括端到端卫星支持。
Sidus Space has a mission of Bringing Space Down to Earth and a vision of enabling space flight heritage status for new technologies while delivering data and predictive analytics to domestic and global customers. More than just a "Satellite-as-a-Service" provider, Sidus Space's products and services are offered through its four business units: Space and Defense Hardware Manufacturing, Satellite Manufacturing and Payload Integration, Space-Based Data Solutions, and AI/ML Products and Services to support customers from concept to Low Earth Orbit and beyond. Sidus Space is ISO 9001:2015, AS9100 Rev. D certified, and ITAR registered.
Sidus Space的使命是将太空带回地球，其愿景是使新技术成为太空飞行遗产，同时向国内和全球客户提供数据和预测分析。Sidus Space不仅仅是一家 “卫星即服务” 提供商，还通过其四个业务部门提供产品和服务：太空和国防硬件制造、卫星制造和有效载荷集成、天基数据解决方案以及人工智能/机器学习产品和服务，为客户从概念到低地球轨道及其他领域提供支持。Sidus Space 已获得 ISO 9001:2015、AS9100 Rev. D 认证，并在 ITAR 注册。
Forward-Looking Statements
前瞻性陈述
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute 'forward-looking statements' within the meaning of The Private Securities Litigation Reform Act of 1995. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'target,' 'will,' 'would' and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors discussed in Sidus Space's Annual Report on Form 10-K for the year ended December 31, 2023, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
根据1995年《私人证券诉讼改革法》，本新闻稿中有关未来预期、计划和前景的声明，以及有关非历史事实事项的任何其他陈述，可能构成 “前瞻性陈述”。“预测”、“相信”、“继续”、“可以”、“估计”、“打算”、“可能”、“计划”、“潜力”、“预测”、“项目”、“应该”、“目标”、“将” 和类似的表述旨在识别前瞻性陈述，尽管并非所有前瞻性陈述都包含这些识别词。由于各种重要因素，实际业绩可能与此类前瞻性陈述所示结果存在重大差异，包括：与市场状况相关的不确定性以及Sidus Space截至2023年12月31日止年度的10-K表年度报告以及向美国证券交易委员会提交的其他定期报告中讨论的其他因素。本新闻稿中包含的任何前瞻性陈述仅代表截至本新闻稿发布之日，Sidus Space, Inc.明确声明不承担任何更新任何前瞻性陈述的义务，无论是由于新信息、未来事件还是其他原因。
NON-GAAP MEASURES
非公认会计准则指标
To provide investors with additional information in connection with our results as determined in accordance with GAAP, we use non-GAAP measures of adjusted EBITDA. We use adjusted EBITDA in order to evaluate our operating performance and make strategic decisions regarding future direction of the company since it provides a meaningful comparison to our peers using similar measures. We define adjusted EBITDA as net income (as determined by U.S. GAAP) adjusted for interest expense, depreciation and amortization expense, acquisition deal costs, severance costs, capital market and advisory fees, equity-based compensation and warrant costs. These non-GAAP measures may be different from non-GAAP measures made by other companies since not all companies will use the same measures. Therefore, these non-GAAP measures should not be considered in isolation or as a substitute for relevant U.S. GAAP measures and should be read in conjunction with information presented on a U.S. GAAP basis.
为了向投资者提供与根据公认会计原则确定的业绩有关的更多信息，我们使用调整后息税折旧摊销前利润的非公认会计准则指标。我们使用调整后的息税折旧摊销前利润来评估我们的经营业绩，并就公司的未来发展方向做出战略决策，因为调整后的息税折旧摊销前利润可以与使用类似衡量标准的同行进行有意义的比较。我们将调整后的息税折旧摊销前利润定义为经利息支出、折旧和摊销费用、收购交易成本、遣散费、资本市场和咨询费、股票薪酬和认股权证成本调整后的净收益（由美国公认会计原则确定）。这些非公认会计准则指标可能与其他公司制定的非公认会计准则指标不同，因为并非所有公司都将使用相同的衡量标准。因此，不应孤立地考虑这些非公认会计准则指标，也不应将其作为相关的美国公认会计原则指标的替代品，应与根据美国公认会计原则提供的信息一起阅读。
The following table reconciles adjusted EBITDA to net loss (the most comparable GAAP measure) for the twelve months ended December 31, 2023, and 2022:
下表将截至2023年12月31日和2022年12月31日的十二个月调整后的息税折旧摊销前利润与净亏损（最具可比性的GAAP指标）进行了对账：
| Twelve Months Ended | |||||||||||||
| December 31, | |||||||||||||
| 2023 | 2022 | Change | % | ||||||||||
| Net Income / (Loss) | $ | (14,328,348) | (12,839,968) | $ | (1,488,380) | 12% | |||||||
| Interest Expense (i) | 903,136 | 795,669 | 107,467 | 14% | |||||||||
| Depreciation and Amortization | 217,107 | 238,859 | (21,752) | (9%) | |||||||||
| Acquisition Deal Costs (ii) | 220,632 | - | 220,632 | - | |||||||||
| Severance Costs | 147,222 | 63,769 | 83,453 | 131% | |||||||||
| Capital Market and advisory fees (iii) | 927,875 | 824,036 | 103,839 | 13% | |||||||||
| Equity-based compensation (iv) | 104,038 | 1,209,000 | (1,104,962) | (91%) | |||||||||
| Warrant costs (v) | 917,848 | - | 917,848 | - | |||||||||
| Total Non-GAAP Adjustments | 3,437,858 | 3,131,333 | 306,525 | 10% | |||||||||
| Adjusted EBITDA | (10,890,490) | (9,708,635) | (1,181,855) | 12% | |||||||||
| 十二个月已结束 | |||||||||||||
| 十二月三十一日 | |||||||||||||
| 2023 | 2022 | 改变 | % | ||||||||||
| 净收入/（亏损） | $ | (14,328,348) | (12,839,968) | $ | (1,488,380) | 12% | |||||||
| 利息支出 (i) | 903,136 | 795,669 | 107,467 | 14% | |||||||||
| 折旧和摊销 | 217,107 | 238,859 | (21,752) | (9%) | |||||||||
| 收购交易成本 (ii) | 220,632 | - | 220,632 | - | |||||||||
| 遣散费 | 147,222 | 63,769 | 83,453 | 131% | |||||||||
| 资本市场和咨询费 (iii) | 927,875 | 824,036 | 103,839 | 13% | |||||||||
| 基于股权的薪酬 (iv) | 104,038 | 1,209,000 | (1,104,962) | (91%) | |||||||||
| 认股权证成本 (v) | 917,848 | - | 917,848 | - | |||||||||
| 非公认会计准则调整总额 | 3,437,858 | 3,131,333 | 306,525 | 10% | |||||||||
| 调整后的息税折旧摊销前 | (10,890,490) | (9,708,635) | (1,181,855) | 12% | |||||||||
| (i) | Sidus Space incurred increased interest expense due to short-term note payable becoming due in Q4 2024 and interest expense related to an asset-based loan. |
| (ii) | Sidus Space incurred one-time legal costs associated with the acquisition of Exo-Space, an Artificial Intelligence (AI) company. |
| (iii) | Sidus Space incurred one-time stock issuance costs in 2023 and 2022, respectively. |
| (iv) | Sidus Space issued stock-based compensation for services rendered in 2023 and 2022, respectively. |
| (v) | Sidus Space incurred one-time costs related to underwriter warrants during 2023. |
| (i) | 由于短期应付票据将于2024年第四季度到期，以及与资产贷款相关的利息支出，Sidus Space的利息支出增加。 |
| (ii) | Sidus Space承担了与收购人工智能（AI）公司Exo-Space有关的一次性法律费用。 |
| (iii) | Sidus Space分别在2023年和2022年产生了一次性股票发行成本。 |
| (iv) | Sidus Space分别为2023年和2022年提供的服务发布了股票补偿。 |
| (v) | 2023年，Sidus Space产生了与承销商认股权证有关的一次性费用。 |
| SIDUS SPACE, INC. | ||||||
| CONSOLIDATED BALANCE SHEETS | ||||||
| December 31, | December 31, | |||||
| 2023 | 2022 | |||||
| Assets | ||||||
| Current assets | ||||||
| Cash | $ | 1,216,107 | $ | 2,295,259 | ||
| Accounts receivable | 1,175,077 | 850,340 | ||||
| Accounts receivable - related parties | 67,447 | 168,170 | ||||
| Inventory | 1,217,929 | 583,437 | ||||
| Contract asset | 77,124 | 60,932 | ||||
| Contract asset - related party | 43,173 | 14,982 | ||||
| Prepaid and other current assets | 5,405,453 | 3,476,748 | ||||
| Total current assets | 9,202,310 | 7,449,868 | ||||
| Property and equipment, net | 9,570,214 | 2,554,992 | ||||
| Operating lease right-of-use assets | 115,573 | 249,937 | ||||
| Intangible asset | 398,135 | - | ||||
| Other assets | 64,880 | 42,778 | ||||
| Total Assets | $ | 19,351,112 | $ | 10,297,575 | ||
| Liabilities and Stockholders' Equity | ||||||
| Current liabilities | ||||||
| Accounts payable and other current liabilities | $ | 6,697,562 | $ | 3,415,845 | ||
| Accounts payable and accrued interest - related party | 677,039 | 566,636 | ||||
| Contract liability | 77,124 | 60,932 | ||||
| Contract liability - related party | 43,173 | 14,982 | ||||
| Asset-based loan liability | 2,587,900 | 502,349 | ||||
| Notes payable | 2,017,286 | 1,599,150 | ||||
| Operating lease liability | 119,272 | 199,158 | ||||
| Total current liabilities | 12,219,356 | 6,359,052 | ||||
| Operating lease liability - non-current | - | 63,310 | ||||
| Total Liabilities | 12,219,356 | 6,422,362 | ||||
| Commitments and contingencies | ||||||
| Stockholders' Equity | ` | |||||
| Preferred Stock: 5,000,000 shares authorized; $0.0001 par value; no shares issued and outstanding | ||||||
| Series A convertible preferred stock: 2,000 shares authorized; 372 and 0 shares issued and outstanding, respectively | - | - | ||||
| Common stock: 210,000,000 authorized; $0.0001 par value | ||||||
| Class A common stock: 200,000,000 shares authorized; 983,173 and 80,227 shares issued and outstanding, respectively | 98 | 8 | ||||
| Class B common stock: 10,000,000 shares authorized; 100,000 shares issued and outstanding | 10 | 10 | ||||
| Additional paid-in capital | 49,918,441 | 32,131,041 | ||||
| Accumulated deficit | (42,786,793) | (28,255,846) | ||||
| Total Stockholders' Equity | 7,131,756 | 3,875,213 | ||||
| Total Liabilities and Stockholders' Equity | $ | 19,351,112 | $ | 10,297,575 | ||
| SIDUS SPACE, INC. | ||||||
| 合并资产负债表 | ||||||
| 十二月三十一日 | 十二月三十一日 | |||||
| 2023 | 2022 | |||||
| 资产 | ||||||
| 流动资产 | ||||||
| 现金 | $ | 1,216,107 | $ | 2,295,259 | ||
| 应收账款 | 1,175,077 | 850,340 | ||||
| 应收账款-关联方 | 67,447 | 168,170 | ||||
| 库存 | 1,217,929 | 583,437 | ||||
| 合约资产 | 77,124 | 60,932 | ||||
| 合同资产-关联方 | 43,173 | 14,982 | ||||
| 预付资产和其他流动资产 | 5,405,453 | 3,476,748 | ||||
| 流动资产总额 | 9,202,310 | 7,449,868 | ||||
| 财产和设备，净额 | 9,570,214 | 2,554,992 | ||||
| 经营租赁使用权资产 | 115,573 | 249,937 | ||||
| 无形资产 | 398,135 | - | ||||
| 其他资产 | 64,880 | 42,778 | ||||
| 总资产 | $ | 19,351,112 | $ | 10,297,575 | ||
| 负债和股东权益 | ||||||
| 流动负债 | ||||||
| 应付账款和其他流动负债 | $ | 6,697,562 | $ | 3,415,845 | ||
| 应付账款和应计利息——关联方 | 677,039 | 566,636 | ||||
| 合同责任 | 77,124 | 60,932 | ||||
| 合同责任-关联方 | 43,173 | 14,982 | ||||
| 基于资产的贷款负债 | 2,587,900 | 502,349 | ||||
| 应付票据 | 2,017,286 | 1,599,150 | ||||
| 经营租赁责任 | 119,272 | 199,158 | ||||
| 流动负债总额 | 12,219,356 | 6,359,052 | ||||
| 经营租赁负债——非当期 | - | 63,310 | ||||
| 负债总额 | 12,219,356 | 6,422,362 | ||||
| 承付款和意外开支 | ||||||
| 股东权益 | ` | |||||
| 优先股：授权5,000,000股；面值0.0001美元；未发行和流通股票 | ||||||
| A系列可转换优先股：授权2,000股；已发行和流通股分别为372股和0股 | - | - | ||||
| 普通股：授权210,000,000 美元；面值0.0001美元 | ||||||
| A类普通股：授权2亿股；已发行和流通的股票分别为983,173和80,227股 | 98 | 8 | ||||
| B类普通股：授权1,000,000股；已发行和流通10万股 | 10 | 10 | ||||
| 额外的实收资本 | 49,918,441 | 32,131,041 | ||||
| 累计赤字 | (42,786,793) | (28,255,846) | ||||
| 股东权益总额 | 7,131,756 | 3,875,213 | ||||
| 负债总额和股东权益 | $ | 19,351,112 | $ | 10,297,575 | ||
| SIDUS SPACE, INC. | ||||||
| CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||
| Years Ended | ||||||
| December 31, | ||||||
| 2023 | 2022 | |||||
| Revenue | $ | 5,010,565 | $ | 6,250,780 | ||
| Revenue - related parties | 952,220 | 1,042,628 | ||||
| Total - revenue | 5,962,785 | 7,293,408 | ||||
| Cost of revenue | 4,321,482 | 5,855,275 | ||||
| Gross profit (loss) | 1,641,303 | 1,438,133 | ||||
| Operating expenses | ||||||
| Selling, general and administrative expenses | 14,166,617 | 13,482,432 | ||||
| Total operating expenses | 14,166,617 | 13,482,432 | ||||
| Net loss from operations | (12,525,314) | (12,044,299) | ||||
| Other income (expense) | ||||||
| Other income | 17,950 | - | ||||
| Interest expense | (747,420) | (781,376) | ||||
| Asset-based loan expense | (155,716) | (14,293) | ||||
| Finance expense | (917,848) | - | ||||
| Total other income (expense) | (1,803,034) | (795,669) | ||||
| Loss before income taxes | (14,328,348) | (12,839,968) | ||||
| Provision for income taxes | - | - | ||||
| Net loss | $ | (14,328,348 | $ | (12,839,968 | ||
| Dividend on Series A preferred Stock | (202,599) | - | ||||
| Net loss attributed to stockholders | (14,530,947 | (12,839,968 | ||||
| Basic and diluted loss per common share | $ | (23.11) | $ | (74.80) | ||
| Basic and diluted weighted average number of common shares outstanding | 619,986 | 171,658 | ||||
| SIDUS SPACE, INC. | ||||||
| 合并运营报表 | ||||||
| 年份已结束 | ||||||
| 十二月三十一日 | ||||||
| 2023 | 2022 | |||||
| 收入 | $ | 5,010,565 | $ | 6,250,780 | ||
| 收入-关联方 | 952,220 | 1,042,628 | ||||
| 总计-收入 | 5,962,785 | 7,293,408 | ||||
| 收入成本 | 4,321,482 | 5,855,275 | ||||
| 毛利（亏损） | 1,641,303 | 1,438,133 | ||||
| 运营费用 | ||||||
| 销售、一般和管理费用 | 14,166,617 | 13,482,432 | ||||
| 运营费用总额 | 14,166,617 | 13,482,432 | ||||
| 运营净亏损 | (12,525,314) | (12,044,299) | ||||
| 其他收入（支出） | ||||||
| 其他收入 | 17,950 | - | ||||
| 利息支出 | (747,420) | (781,376) | ||||
| 基于资产的贷款支出 | (155,716) | (14,293) | ||||
| 财务费用 | (917,848) | - | ||||
| 其他收入总额（支出） | (1,803,034) | (795,669) | ||||
| 所得税前亏损 | (14,328,348) | (12,839,968) | ||||
| 所得税准备金 | - | - | ||||
| 净亏损 | $ | (14,328,348 | $ | (12,839,968) | ||
| A系列优先股的股息 | (202,599) | - | ||||
| 归因于股东的净亏损 | (14,530,947) | (12,839,968) | ||||
| 普通股每股基本亏损和摊薄亏损 | $ | (23.11) | $ | (74.80) | ||
| 已发行普通股的基本和摊薄后的加权平均数 | 619,986 | 171,658 | ||||
| SIDUS SPACE, INC. | ||||||
| CONSOLIDATED STATEMENTS OF CASH FLOW | ||||||
| Years Ended | ||||||
| December 31, | ||||||
| 2023 | 2022 | |||||
| Cash Flows From Operating Activities: | ||||||
| Net loss | $ | (14,328,348) | $ | (12,839,968) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
| Stock based compensation | 1,021,886 | 1,209,000 | ||||
| Finance Expense | - | - | ||||
| Depreciation and amortization | 217,107 | 319,936 | ||||
| Bad debt | 17,871 | 22,500 | ||||
| Changes in operating assets and liabilities: | ||||||
| Accounts receivable | (290,839) | (741,984) | ||||
| Accounts receivable - related party | 100,723 | 275,112 | ||||
| Inventory | (624,881) | (455,935) | ||||
| Contract asset | (16,192) | (60,932) | ||||
| Contract asset - related party | (28,191) | (14,982) | ||||
| Prepaid expenses and other assets | (1,950,807) | (1,911,941) | ||||
| Accounts payable and accrued liabilities | 3,986,275 | 2,049,484 | ||||
| Accounts payable and accrued liabilities - related party | 110,403 | 50,099 | ||||
| Contract liability | 16,192 | 60,932 | ||||
| Contract liability - related party | 28,191 | (48,429) | ||||
| Changes in operating lease assets and liabilities | (8,832) | (6,800) | ||||
| Net Cash used in Operating Activities | (11,749,442) | (12,093,908) | ||||
| Cash Flows From Investing Activities: | ||||||
| Purchase of property and equipment | (7,208,200) | (2,099,858) | ||||
| Cash paid for asset acquisition | (483,644) | - | ||||
| Net Cash used in Investing Activities | (7,691,844) | (2,099,858) | ||||
| Cash Flows From Financing Activities: | ||||||
| Proceeds from issuance of common stock units | 14,788,121 | 3,221,355 | ||||
| Proceeds from issuance of Series A preferred stock units | 1,811,000 | - | ||||
| Proceeds from asset-based loan agreement | 6,379,624 | 502,349 | ||||
| Repayment of asset-based loan agreement | (4,294,073) | - | ||||
| Proceeds from notes payable | - | - | ||||
| Repayment of notes payable | (302,983) | - | ||||
| Payment of lease liabilities | - | (148,019) | ||||
| Repayment of notes payable - related party | - | (797,505) | ||||
| Dividend paid | (19,555) | - | ||||
| Net Cash provided by Financing Activities | 18,362,134 | 2,778,180 | ||||
| Net change in cash | (1,079,152) | (11,415,586) | ||||
| Cash, beginning of period | 2,295,259 | 13,710,845 | ||||
| Cash, end of period | $ | 1,216,107 | $ | 2,295,259 | ||
| Supplemental cash flow information | ||||||
| Cash paid for interest | $ | 190,920 | $ | 284,178 | ||
| Cash paid for taxes | $ | - | $ | - | ||
| Non-cash Investing and Financing transactions: | ||||||
| Debt forgiveness | $ | - | $ | 1,624,755 | ||
| Class A common stock issued for conversion of Series A convertible preferred stock | $ | 166,483 | $ | - | ||
| Common stock issue for reverse split adjustment | $ | - | $ | - | ||
| Modification of right-of-use asset and lease liability | $ | 135,235 | $ | - | ||
| Class A common stock issued for exercised cashless warrant | $ | - | $ | - | ||
| SIDUS SPACE, INC. | ||||||
| 合并现金流量表 | ||||||
| 年份已结束 | ||||||
| 十二月三十一日 | ||||||
| 2023 | 2022 | |||||
| 来自经营活动的现金流： | ||||||
| 净亏损 | $ | (14,328,348) | $ | (12,839,968) | ||
| 为使净亏损与经营活动中使用的净现金相一致而进行的调整： | ||||||
| 基于股票的薪酬 | 1,021,886 | 1,209,000 | ||||
| 财务费用 | - | - | ||||
| 折旧和摊销 | 217,107 | 319,936 | ||||
| 坏账 | 17,871 | 22,500 | ||||
| 运营资产和负债的变化： | ||||||
| 应收账款 | (290,839) | (741,984) | ||||
| 应收账款-关联方 | 100,723 | 275,112 | ||||
| 库存 | (624,881) | (455,935) | ||||
| 合约资产 | (16,192) | (60,932) | ||||
| 合同资产-关联方 | (28,191) | (14,982) | ||||
| 预付费用和其他资产 | (1,950,807) | (1,911,941) | ||||
| 应付账款和应计负债 | 3,986,275 | 2,049,484 | ||||
| 应付账款和应计负债-关联方 | 110,403 | 50,099 | ||||
| 合同责任 | 16,192 | 60,932 | ||||
| 合同责任-关联方 | 28,191 | (48,429) | ||||
| 经营租赁资产和负债的变化 | (8,832) | (6,800) | ||||
| 用于经营活动的净现金 | (11,749,442) | (12,093,908) | ||||
| 来自投资活动的现金流： | ||||||
| 购买财产和设备 | (7,208,200) | (2,099,858) | ||||
| 为资产收购支付的现金 | (483,644) | - | ||||
| 用于投资活动的净现金 | (7,691,844) | (2,099,858) | ||||
| 来自融资活动的现金流： | ||||||
| 发行普通股单位所得收益 | 14,788,121 | 3,221,355 | ||||
| A系列优先股发行的收益 | 1,811,000 | - | ||||
| 基于资产的贷款协议的收益 | 6,379,624 | 502,349 | ||||
| 偿还基于资产的贷款协议 | (4,294,073) | - | ||||
| 应付票据的收益 | - | - | ||||
| 偿还应付票据 | (302,983) | - | ||||
| 支付租赁负债 | - | (148,019) | ||||
| 应付票据的偿还——关联方 | - | (797,505) | ||||
| 已支付的股息 | (19,555) | - | ||||
| 融资活动提供的净现金 | 18,362,134 | 2,778,180 | ||||
| 现金净变动 | (1,079,152) | (11,415,586) | ||||
| 现金，期初 | 2,295,259 | 13,710,845 | ||||
| 现金，期末 | $ | 1,216,107 | $ | 2,295,259 | ||
| 补充现金流信息 | ||||||
| 支付利息的现金 | $ | 190,920 | $ | 284,178 | ||
| 缴纳税款的现金 | $ | - | $ | - | ||
| 非现金投资和融资交易： | ||||||
| 债务减免 | $ | - | $ | 1,624,755 | ||
| 为转换A系列可转换优先股而发行的A类普通股 | $ | 166,483 | $ | - | ||
| 反向拆分调整的常见股票问题 | $ | - | $ | - | ||
| 修改使用权资产和租赁负债 | $ | 135,235 | $ | - | ||
| 为行使的无现金认股权证发行的A类普通股 | $ | - | $ | - | ||
View source version on businesswire.com: https://www.businesswire.com/news/home/20240327147611/en/
在 businesswire.com 上查看源版本： https://www.businesswire.com/news/home/20240327147611/en/
Investor Relations
Valter Pinto or Jack Perkins
KCSA Strategic Communications
sidus@kcsa.com
(212) 896-1254
投资者关系
瓦尔特·平托或杰克·珀金斯
KCSA 战略传播
sidus@kcsa.com
(212) 896-1254
Media Inquiries
press@sidusspace.com
媒体查询
press@sidusspace.com
Source: Sidus Space, Inc.
资料来源：Sidus Space, Inc.
Released March 27, 2024
2024 年 3 月 27 日发布