Sidus Space Inc (NASDAQ:SIDU) CEO Carol Craig told shareholders that the company is looking ahead to a “transformational” year in 2023 after its first year as a publicly traded company.
“The foundational progress made in 2022 is aligned with our strategic roadmap for growth and, building on these powerful achievements, I believe our team has positioned Sidus Space for a transformational 2023,” Craig wrote in a letter to shareholders.
“We remain committed to prioritizing progress toward profitability and creating value for our shareholders as we continue to scale up to meet increasing demand.”
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In the letter, the firm said it had firmed up its position as an end-to-end full stack solutions provider for the $1 trillion space economy while accelerating the implementation of its Space-as-a-Service strategy throughout the year.
Throughout the year, Sidus expanded products and services to customers globally, which contributed to year-over-year revenue growth and gross profit in the first nine months of 2022 was more than 450% and 821%, respectively, as compared to the first nine months of 2021.
Sidus expanded products and services to customers globally throughout the year, contributing to revenue and gross profit growth in the first nine months of 2022 by 450% and 821% respectively compared to the first nine months of 2021.
In the coming year, Sidus said it plans to pursue new contracts and accelerate international expansion ahead of its LizzieSat-1 launch.
Sidus Space, located in Cape Canaveral, Florida, operates from a 35,000-square-foot manufacturing, assembly, integration, and testing facility focused on commercial satellite design, manufacture, launch, and data collection.
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