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公佈2023年全年財務業績並提供業務最新情況
March 27, 2024 8:00am EDT Download as PDF
美國東部時間 2024 年 3 月 27 日上午 8:00 以 PDF 格式下載
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.
佛羅里達州卡納維拉爾角--（美國商業資訊）-- Sidus Space, Inc.。太空和數據即服務衛星公司納斯達克股票代碼：SIDU）（“公司” 或 “Sidus”）公佈了截至2023年12月31日的全年財務業績，並提供了業務最新情況。管理層定於今天，即3月27日主持電話會議和網絡直播第四，美國東部時間上午 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年對Sidus來說是關鍵的一年，本月早些時候，我們在SpaceX Transporter-10拼車任務中成功發射了第一顆LizzieSat。LizzieSat-1是計劃發射到低地球軌道的幾顆衛星中的第一顆。我們正在迅速建造由3D打印、人工智能增強型衛星組成的星座，另外兩顆LizzeSats計劃在年底之前發射。” Sidus創始人兼首席執行官卡羅爾·克雷格說。
"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."
克雷格繼續說：“發射LizzieSat-1是我們執行利用衛星數據建立高利潤的經常性收入來源戰略的重要一步，我們已經開始看到這對財務的影響，2023年毛利率爲28％，比上年增長8％。”“此外，我們在年底之後籌集了1,520萬美元的總收益，從而鞏固了資產負債表，這爲我們在今年晚些時候和未來繼續擴大業務範圍奠定了更堅實的財務基礎。”
Operational Highlights for the Quarter Ending December 31, 2023:
截至2023年12月31日的季度運營亮點：
- 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 振動測試
- 宣佈頒發新的美國電磁干擾（EMI）濾波器單元專利
- 將 FeatherEdge AI 集成到 LizzieSat
- 收到了 NASA Stennis ASTRA 飛行軟件和硬件
- 獲得了 Bechtel 移動發射器 2 的額外電纜組裝合同
- 爲LizzieSat Satellites收集的數據增加了合同
- 獲得爲期5年、價值1,000萬美元的上限（IDIQ）商業合同，以支持商業月球運輸
- 已完成人工智能增強型 LizzieSat 的環境測試
Subsequent Operational Highlights:
後續運營亮點：
- 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
- 在成功發射和部署SpaceX Transporter-10拼車任務後，與最先進的混合3D打印LizzieSat建立了雙向通信
- 從范登堡太空部隊基地發射了 LizzieSat
- 完成了交付機載計算飛行硬件的合同
- 完成了系統要求和設計審查，展示了在發射創新的精密定位、導航和定時有效載荷方面取得的進展
- 將 NASA Stennis ASTRA 工程單元整合到 LizzieSat
- 宣佈公佈LizzieSat平台新的美國專利申請
- 向包括Sidus Space在內的索利斯應用科學團隊授予國家地理空間情報局IDIQ研發合同，上限爲7.94億美元
- 推出尖端的多材料 3D 打印太空硬件部門
- 宣佈與ASPINA簽訂技術託管有效負載合同
- 實現了關鍵的人工智能 (AI) 和硬件合同里程碑
- 獲得 NOAA 批准，可向政府和商業客戶提供影像服務
Corporate Governance and Capital Formation Highlights:
公司治理和資本形成亮點：
- 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
- 任命比爾·懷特爲首席財務官
- 2023年12月31日之後，公司通過行使認股權證和兩次股票發行獲得了1,520萬美元的總收益
Financial Highlights for the Full Year Ending December 31, 2023:
截至2023年12月31日的全年財務摘要：
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日的十二個月的總收入約爲600萬美元，與截至2022年12月31日的十二個月的總收入相比減少了130萬美元。下降的主要原因是固定價格里程碑合同的時機被衛星有效載荷收入所抵消。
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日的十二個月中，收入成本下降了26％，至約430萬美元，而截至2022年12月31日的十二個月的收入成本約爲590萬美元。下降的主要原因是合同的混合以及我們利潤率更高的衛星相關業務的增加，這有助於抵消我們業務製造方面持續增加的供應鏈相關成本。
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日的十二個月中，毛利增長了14％，達到約160萬美元，而截至2022年12月31日的十二個月的毛利約爲140萬美元。2023年全年的毛利率增至28％，而2022年全年的毛利率爲20％。這一改善是由該公司利潤率更高的衛星業務的增長推動的。
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日的十二個月中，銷售、一般和管理費用總額爲1,420萬美元，而去年同期爲1,350萬美元。增長主要是由於與收購Exo-Space相關的專業費用（包括法律費用）的增加，以及籌款和員工開支的增加。這被保險費率、許可費和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日的十二個月中，調整後的息稅折舊攤銷前利潤虧損總額爲1,090萬美元，而去年同期調整後的息稅折舊攤銷前利潤虧損爲970萬美元。下表中提供了利息支出、折舊和攤銷、收購交易成本、遣散費、資本市場和諮詢費、股票薪酬和認股權證成本的非公認會計准則調整總額。
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日的十二個月中，淨虧損爲1,430萬美元，而去年同期的淨虧損爲1,280萬美元。
Balance Sheet:
資產負債表：
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，該公司的現金爲120萬美元，而截至2022年12月31日爲230萬美元。2023年12月31日之後，公司通過行使認股權證和兩次發行獲得了1,520萬美元的總收益。
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，應付賬款和其他流動負債爲670萬美元，而截至2022年12月31日爲340萬美元。截至2023年12月31日，基於資產的貸款負債爲260萬美元，而截至2022年12月31日爲50.2萬美元。截至2023年12月31日，應付票據爲200萬美元，而截至2022年12月31日的應付票據爲160萬美元。這些增長主要是由於供應商付款的時機、資產貸款利用率的提高以及與應付票據相關的應計利息支出。
Conference Call and Webcast
電話會議和網絡直播
| 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 |
| 活動： | Sidus Space 2023 年第四季度和全年財務業績電話會議 | |
| 日期： | 2024年3月27日，星期三 | |
| 時間： | 美國東部時間上午 9:00 | |
| 實時通話： | + 1-877-269-7751（美國免費電話）或 +1-201-389-0908（國際） | |
| 網絡直播： | 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.
對於無法參加電話會議的感興趣的個人，電話會議的撥號重播將在美國東部時間2024年4月10日星期三晚上 11:59 之前開放，撥打+1-844-512-2921（美國免費電話）或+1-412-317-6671（國際）並輸入重播密碼：13745176。網絡直播的在線檔案將在活動結束後的三個月內在以下網址公佈 投資者sidusspace.com。
About Sidus Space
關於 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（納斯達克股票代碼：SIDU）是一家多方面的太空和數據即服務衛星公司，專注於任務關鍵硬件製造、多學科工程服務、衛星設計、生產、發射規劃、任務運營和在軌支持。該公司位於佛羅里達州卡納維拉爾角，在那裏運營的製造、組裝、集成和測試設施佔地35,000平方英尺，專注於垂直整合的太空即服務解決方案，包括端到端衛星支持。
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的使命是將太空帶回地球，其願景是使新技術成爲太空飛行遺產，同時向國內和全球客戶提供數據和預測分析。Sidus Space不僅僅是一家 “衛星即服務” 提供商，還通過其四個業務部門提供產品和服務：太空和國防硬件製造、衛星製造和有效載荷集成、天基數據解決方案以及人工智能/機器學習產品和服務，爲客戶從概念到低地球軌道及其他領域提供支持。Sidus Space 已獲得 ISO 9001:2015、AS9100 Rev. D 認證，並在 ITAR 註冊。
Forward-Looking Statements
前瞻性陳述
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.
根據1995年《私人證券訴訟改革法》，本新聞稿中有關未來預期、計劃和前景的聲明，以及有關非歷史事實事項的任何其他陳述，可能構成 “前瞻性陳述”。“預測”、“相信”、“繼續”、“可以”、“估計”、“打算”、“可能”、“計劃”、“潛力”、“預測”、“項目”、“應該”、“目標”、“將” 和類似的表述旨在識別前瞻性陳述，儘管並非所有前瞻性陳述都包含這些識別詞。由於各種重要因素，實際業績可能與此類前瞻性陳述所示結果存在重大差異，包括：與市場狀況相關的不確定性以及Sidus Space截至2023年12月31日止年度的10-K表年度報告以及向美國證券交易委員會提交的其他定期報告中討論的其他因素。本新聞稿中包含的任何前瞻性陳述僅代表截至本新聞稿發佈之日，Sidus Space, Inc.明確聲明不承擔任何更新任何前瞻性陳述的義務，無論是由於新信息、未來事件還是其他原因。
NON-GAAP MEASURES
非公認會計准則指標
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.
爲了向投資者提供與根據公認會計原則確定的業績有關的更多信息，我們使用調整後息稅折舊攤銷前利潤的非公認會計准則指標。我們使用調整後的息稅折舊攤銷前利潤來評估我們的經營業績，並就公司的未來發展方向做出戰略決策，因爲調整後的息稅折舊攤銷前利潤可以與使用類似衡量標準的同行進行有意義的比較。我們將調整後的息稅折舊攤銷前利潤定義爲經利息支出、折舊和攤銷費用、收購交易成本、遣散費、資本市場和諮詢費、股票薪酬和認股權證成本調整後的淨收益（由美國公認會計原則確定）。這些非公認會計准則指標可能與其他公司制定的非公認會計准則指標不同，因爲並非所有公司都將使用相同的衡量標準。因此，不應孤立地考慮這些非公認會計准則指標，也不應將其作爲相關的美國公認會計原則指標的替代品，應與根據美國公認會計原則提供的信息一起閱讀。
The following table reconciles adjusted EBITDA to net loss (the most comparable GAAP measure) for the twelve months ended December 31, 2023, and 2022:
下表將截至2023年12月31日和2022年12月31日的十二個月調整後的息稅折舊攤銷前利潤與淨虧損（最具可比性的GAAP指標）進行了對賬：
| 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% | |||||||||
| 十二個月已結束 | |||||||||||||
| 十二月三十一日 | |||||||||||||
| 2023 | 2022 | 改變 | % | ||||||||||
| 淨收入/（虧損） | $ | (14,328,348) | (12,839,968) | $ | (1,488,380) | 12% | |||||||
| 利息支出 (i) | 903,136 | 795,669 | 107,467 | 14% | |||||||||
| 折舊和攤銷 | 217,107 | 238,859 | (21,752) | (9%) | |||||||||
| 收購交易成本 (ii) | 220,632 | - | 220,632 | - | |||||||||
| 遣散費 | 147,222 | 63,769 | 83,453 | 131% | |||||||||
| 資本市場和諮詢費 (iii) | 927,875 | 824,036 | 103,839 | 13% | |||||||||
| 基於股權的薪酬 (iv) | 104,038 | 1,209,000 | (1,104,962) | (91%) | |||||||||
| 認股權證成本 (v) | 917,848 | - | 917,848 | - | |||||||||
| 非公認會計准則調整總額 | 3,437,858 | 3,131,333 | 306,525 | 10% | |||||||||
| 調整後 EBITDA | (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) | 由於短期應付票據將於2024年第四季度到期，以及與資產貸款相關的利息支出，Sidus Space的利息支出增加。 |
| (ii) | Sidus Space承擔了與收購人工智能（AI）公司Exo-Space有關的一次性法律費用。 |
| (iii) | Sidus Space分別在2023年和2022年產生了一次性股票發行成本。 |
| (iv) | Sidus Space分別爲2023年和2022年提供的服務發佈了股票補償。 |
| (v) | 2023年，Sidus Space產生了與承銷商認股權證有關的一次性費用。 |
| 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. | ||||||
| 合併資產負債表 | ||||||
| 十二月三十一日 | 十二月三十一日 | |||||
| 2023 | 2022 | |||||
| 資產 | ||||||
| 流動資產 | ||||||
| 現金 | $ | 1,216,107 | $ | 2,295,259 | ||
| 應收賬款 | 1,175,077 | 850,340 | ||||
| 應收賬款-關聯方 | 67,447 | 168,170 | ||||
| 庫存 | 1,217,929 | 583,437 | ||||
| 合約資產 | 77,124 | 60,932 | ||||
| 合同資產-關聯方 | 43,173 | 14,982 | ||||
| 預付資產和其他流動資產 | 5,405,453 | 3,476,748 | ||||
| 流動資產總額 | 9,202,310 | 7,449,868 | ||||
| 財產和設備，淨額 | 9,570,214 | 2,554,992 | ||||
| 經營租賃使用權資產 | 115,573 | 249,937 | ||||
| 無形資產 | 398,135 | - | ||||
| 其他資產 | 64,880 | 42,778 | ||||
| 總資產 | $ | 19,351,112 | $ | 10,297,575 | ||
| 負債和股東權益 | ||||||
| 流動負債 | ||||||
| 應付賬款和其他流動負債 | $ | 6,697,562 | $ | 3,415,845 | ||
| 應付賬款和應計利息——關聯方 | 677,039 | 566,636 | ||||
| 合同責任 | 77,124 | 60,932 | ||||
| 合同責任-關聯方 | 43,173 | 14,982 | ||||
| 基於資產的貸款負債 | 2,587,900 | 502,349 | ||||
| 應付票據 | 2,017,286 | 1,599,150 | ||||
| 經營租賃責任 | 119,272 | 199,158 | ||||
| 流動負債總額 | 12,219,356 | 6,359,052 | ||||
| 經營租賃負債——非當期 | - | 63,310 | ||||
| 負債總額 | 12,219,356 | 6,422,362 | ||||
| 承付款和意外開支 | ||||||
| 股東權益 | ` | |||||
| 優先股：授權5,000,000股；面值0.0001美元；未發行和流通股票 | ||||||
| A系列可轉換優先股：授權2,000股；已發行和流通股分別爲372股和0股 | - | - | ||||
| 普通股：授權210,000,000 美元；面值0.0001美元 | ||||||
| A類普通股：授權2億股；已發行和流通的股票分別爲983,173和80,227股 | 98 | 8 | ||||
| B類普通股：授權1,000,000股；已發行和流通10萬股 | 10 | 10 | ||||
| 額外的實收資本 | 49,918,441 | 32,131,041 | ||||
| 累計赤字 | (42,786,793) | (28,255,846) | ||||
| 股東權益總額 | 7,131,756 | 3,875,213 | ||||
| 負債總額和股東權益 | $ | 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. | ||||||
| 合併運營報表 | ||||||
| 年份已結束 | ||||||
| 十二月三十一日 | ||||||
| 2023 | 2022 | |||||
| 收入 | $ | 5,010,565 | $ | 6,250,780 | ||
| 收入-關聯方 | 952,220 | 1,042,628 | ||||
| 總計-收入 | 5,962,785 | 7,293,408 | ||||
| 收入成本 | 4,321,482 | 5,855,275 | ||||
| 毛利（虧損） | 1,641,303 | 1,438,133 | ||||
| 運營費用 | ||||||
| 銷售、一般和管理費用 | 14,166,617 | 13,482,432 | ||||
| 運營費用總額 | 14,166,617 | 13,482,432 | ||||
| 運營淨虧損 | (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) | ||||
| 基於資產的貸款支出 | (155,716) | (14,293) | ||||
| 財務費用 | (917,848) | - | ||||
| 其他收入總額（支出） | (1,803,034) | (795,669) | ||||
| 所得稅前虧損 | (14,328,348) | (12,839,968) | ||||
| 所得稅準備金 | - | - | ||||
| 淨虧損 | $ | (14,328,348 | $ | (12,839,968) | ||
| A系列優先股的股息 | (202,599) | - | ||||
| 歸因於股東的淨虧損 | (14,530,947) | (12,839,968) | ||||
| 普通股每股基本虧損和攤薄虧損 | $ | (23.11) | $ | (74.80) | ||
| 已發行普通股的基本和攤薄後的加權平均數 | 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. | ||||||
| 合併現金流量表 | ||||||
| 年份已結束 | ||||||
| 十二月三十一日 | ||||||
| 2023 | 2022 | |||||
| 來自經營活動的現金流： | ||||||
| 淨虧損 | $ | (14,328,348) | $ | (12,839,968) | ||
| 爲使淨虧損與經營活動中使用的淨現金相一致而進行的調整： | ||||||
| 基於股票的薪酬 | 1,021,886 | 1,209,000 | ||||
| 財務費用 | - | - | ||||
| 折舊和攤銷 | 217,107 | 319,936 | ||||
| 壞賬 | 17,871 | 22,500 | ||||
| 運營資產和負債的變化： | ||||||
| 應收賬款 | (290,839) | (741,984) | ||||
| 應收賬款-關聯方 | 100,723 | 275,112 | ||||
| 庫存 | (624,881) | (455,935) | ||||
| 合約資產 | (16,192) | (60,932) | ||||
| 合同資產-關聯方 | (28,191) | (14,982) | ||||
| 預付費用和其他資產 | (1,950,807) | (1,911,941) | ||||
| 應付賬款和應計負債 | 3,986,275 | 2,049,484 | ||||
| 應付賬款和應計負債-關聯方 | 110,403 | 50,099 | ||||
| 合同責任 | 16,192 | 60,932 | ||||
| 合同責任-關聯方 | 28,191 | (48,429) | ||||
| 經營租賃資產和負債的變化 | (8,832) | (6,800) | ||||
| 用於經營活動的淨現金 | (11,749,442) | (12,093,908) | ||||
| 來自投資活動的現金流： | ||||||
| 購買財產和設備 | (7,208,200) | (2,099,858) | ||||
| 爲資產收購支付的現金 | (483,644) | - | ||||
| 用於投資活動的淨現金 | (7,691,844) | (2,099,858) | ||||
| 來自融資活動的現金流： | ||||||
| 發行普通股單位所得收益 | 14,788,121 | 3,221,355 | ||||
| A系列優先股發行的收益 | 1,811,000 | - | ||||
| 基於資產的貸款協議的收益 | 6,379,624 | 502,349 | ||||
| 償還基於資產的貸款協議 | (4,294,073) | - | ||||
| 應付票據的收益 | - | - | ||||
| 償還應付票據 | (302,983) | - | ||||
| 支付租賃負債 | - | (148,019) | ||||
| 應付票據的償還——關聯方 | - | (797,505) | ||||
| 已支付的股息 | (19,555) | - | ||||
| 融資活動提供的淨現金 | 18,362,134 | 2,778,180 | ||||
| 現金淨變動 | (1,079,152) | (11,415,586) | ||||
| 現金，期初 | 2,295,259 | 13,710,845 | ||||
| 現金，期末 | $ | 1,216,107 | $ | 2,295,259 | ||
| 補充現金流信息 | ||||||
| 支付利息的現金 | $ | 190,920 | $ | 284,178 | ||
| 繳納稅款的現金 | $ | - | $ | - | ||
| 非現金投資和融資交易： | ||||||
| 債務減免 | $ | - | $ | 1,624,755 | ||
| 爲轉換A系列可轉換優先股而發行的A類普通股 | $ | 166,483 | $ | - | ||
| 反向拆分調整的常見股票問題 | $ | - | $ | - | ||
| 修改使用權資產和租賃負債 | $ | 135,235 | $ | - | ||
| 爲行使的無現金認股權證發行的A類普通股 | $ | - | $ | - | ||
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
投資者關係
瓦爾特·平託或傑克·珀金斯
KCSA 戰略傳播
sidus@kcsa.com
(212) 896-1254
Media Inquiries
press@sidusspace.com
媒體查詢
press@sidusspace.com
Source: Sidus Space, Inc.
資料來源：Sidus Space, Inc.
Released March 27, 2024
2024 年 3 月 27 日發佈
譯文內容由第三人軟體翻譯。