Sidus Space Reports Second Quarter 2022 Results and Business Update

Revenue Increased 695% in Second Quarter 2022 from Second Quarter 2021

CAPE CANAVERAL, Fla.–(Sidus Space PR)– Sidus Space, Inc. (NASDAQ:SIDU), a Space-as-a-Service satellite company focused on commercial satellite design, manufacture, launch, and data collection, today announced financial results for the second quarter ended June 30, 2022 and provided company business updates.

Q2 2022 Financial Highlights

  • Revenue increased to $1.85 million for the three months ended June 30, 2022 from $232,000 in the comparable period of 2021, an increase of 695%.
    • This increase is primarily attributed to increased customer confidence as a result of previous deliveries and increased contract flow driven by sales efforts from an expanded sales team.
  • Gross Profit increased to $347,000 for the three months ended June 30, 2022 from a loss of $56,000 in the comparable period of 2021, attributable to an increase in revenue, a decrease in labor intensive contracts and an increase in our higher margin Satellite-as-a-Service business line.
  • Operating Expenses increased to $2.7 million for the three months ended June 30, 2022 compared to $418,000 for the three months ended June 30, 2021, resulting from expansion of our staff and facilities, as well as increased insurance, investor relations, legal and accounting fees that are associated with being a publicly traded company.
  • During the quarter, the Company’s principal shareholder forgave approximately $1.624 million of debt, consisting of the entire unpaid principal amount and accrued interest owed by the Company to the shareholder.
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Satellite Imagery from Capella Space Now Openly Accessible on the Amazon Web Services Cloud

High Quality SAR imagery can now be accessed by anyone via the Registry of Open Data on AWS

This nighttime SAR image shows the Rajpath, the large ceremonial boulevard in New Delhi, leading to the India Gate. Traditional EO satellites cannot capture images at night, but Capella’s SAR technology depicts the Rajpath clearly, even in the dark. (Credit: Capella Space)

SAN FRANCISCO (Capella Space PR) — Capella Space, a leading Earth observation company, today announced the expansion of its Open Data Program, making a selection of its SAR (synthetic aperture radar) imagery freely and openly accessible through the Amazon Web Services (AWS) Open Data Sponsorship Program

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Agreement Between Amazon Web Services and AEB Rewards Brazilian Startups

Event within the SpaceBR Show was the first action within the scope of the Term of Strategic Intent and Cooperation signed between the institutions

BRASILIA (Brazilain Space Agency PR) — On the third day of the SpaceBR Show, there was a competition between eight startups in the space sector, which were selected among 21 registered, by professionals from the Brazilian Space Agency (AEB), based on the degree of adherence to the space theme, to participate in pitches with Agency and AWS jurors. The event was the result of a Term of Strategic Intent and Cooperation signed between AEB and Amazon Web Services (AWS), which had as one of its objectives to foster entrepreneurship and disruption between companies in the space sector.

“We have been emphatic in saying that Brazil is one of the few countries capable of acting in all segments of the space sector. We have infrastructure, we have a consumer market, we have a creative people. For all of this to turn into a thriving space economy, we have to engage in global value chains. The partnership with AWS and the incentive for startups are part of this joint effort by the Brazilian space sector”, said AEB President Carlos Moura.

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AWS Announces 10 Startups Selected for the 2022 AWS Space Accelerator

SEATTLE (Amazon Web Services PR) — Amazon Web Services (AWS) is pleased to officially announce the selection of the 10 participants for the 2022 AWS Space Accelerator. This year’s finalists brought forward pioneering ideas that will draw valuable insights from the depths of the ocean floor to the surface of the moon, and nearly everything in between.

This global group of emerging startups from across the United States, Asia, and Europe was selected from among hundreds of applications by a panel from AWS and AlchemistX. The selected startups each have an inspiring and innovative vision for how to transform the growing global space industry across a diverse set of mission areas, including Earth observation (EO), space situational awareness, launch and propulsion, and space exploration:

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Brazilian Space Agency and Amazon Web Service Sign Strategic Intent Statement

The objective is to support long-term growth in the regional space sector

BRASILIA, Brazil (AEB PR) — The Brazilian Space Agency (AEB) and Amazon Web Services (AWS) signed a Term of Strategic Intent and Cooperation. The initiative, with which the Brazilian Embassy in Washington also collaborated, is the first of its kind for AWS in Latin America and will support innovation and continued growth in the country’s space industry.

AEB plays an important role in the Latin American context, being responsible for a wide variety of space activities related to space transport, satellites, research and applications. AEB has supported the strengthening of the Brazilian infrastructure for rocket launch, production and exploration of space systems. It also supports educational and research activities in astronautical and related sciences. In addition, AEB is a bilateral partner of NASA in ionospheric research and a signatory to the Artemis Agreements for the joint exploration of the Moon.

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D-Orbit Announces AWS Ground Station Integration with AURORA Mission Control Software

Uses AWS to help manage complex missions for D-Orbit ION satellite carriers, downlink and process data from multiple satellites, and enable bi-directional communication between D-Orbit’s satellites and Aurora

Lisbon, Portugal, July 22nd, 2021 – D-Orbit, a leader in the space logistics and transportation service industry and an Amazon Web Services (AWS) technology partner, today announced integration of AWS Ground Station with D-Orbit’s AURORA cloud-based mission control software. D-Orbit uses AWS Ground Station to power AURORA, manage increasingly complex missions for D-Orbit’s ION Satellite Carrier such as the ongoing PULSE mission, and strengthen the D-Orbit space transportation and logistics infrastructure. D-Orbit also plans to use AWS Ground Station with AURORA to communicate with its WILD RIDE mission, launched on June 30th, and with D-Orbit’s future fleet.

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SES Expands Cloud Leadership as Amazon Web Services Direct Connect Partner

AWS Direct Connect Delivery Partner certification is an important part of leading satellite connectivity provider’s multi-cloud strategy

LUXEMBOURG, 17 June 2021 – SES today announced it has joined the Amazon Web Services (AWS) Direct Connect Delivery Partner program. Through a technical and business review process, AWS validated SES’s ability to connect its customers directly to their AWS services over its network of multi-orbit satellites. This provides SES customers flexible, secure, reliable access to their cloud-based applications and services from virtually any location around the world. This is a major advantage to both enterprises and government users who require reliable bandwidth while working in remote locations. SES is the first satellite operator to achieve AWS Direct Connect Partner status.

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Amazon Web Services Selects 10 Companies for First Space Accelerator Program

by Douglas Messier
Managing Editor

Amazon Web Services (AWS) Space Accelerator has selected 10 companies for its four-week program that teaches business how they can grow using analytics technology and cloud computing.

“Today, I’m thrilled to announce the 10 startups we selected to take part in the first cohort of the accelerator: Cognitive Space, D-Orbit, Descartes Labs, Edgybees, Hawkeye 360, LeoLabs, Lunar Outpost, Orbital Sidekick, Satellite VU, and Ursa Space,” said Amazon CTO Werner Hans Peter Vogels in a blog post.

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Amazon Web Services Announces Space Accelerator

Amazon Web Services (AWS) has launched a space accelerator to assist startups in the industry. The company described the new program in a blog post:

The AWS Space Accelerator is a four-week business support program that is open to space startups seeking to use AWS to help solve the biggest challenges in the space industry. Applications are open today and proposals are due by April 21, 2021.

The AWS Space Accelerator will provide technical, business, and mentoring resources to space startups around the globe. AWS is offering this opportunity in collaboration with Seraphim, one of the world’s leading investment groups focused exclusively on the space industry, who will provide business development and investment guidance. AWS and Seraphim will select a cohort of space startups to participate in an intensive, four-week program with AWS Cloud and technical training to help them accelerate research, development, and growth using AWS. Seraphim, has helped dozens of emerging space companies around the world become investment ready through its own space accelerator program.

“Startups provide a catalyst for bold new experimentation in the space industry,” said Clint Crosier, director of aerospace and satellite at AWS. “We are proud to announce the AWS Space Accelerator as part of our ongoing commitment to help startups succeed, and to shape the future of aerospace. We look forward to helping the first cohort of companies launch and grow through this new program.”

You can learn more at the AWS Space Accelerator website.

V-R3x CubeSats to Develop Communications, Navigation

Three small satellites, or CubeSats, used in the V-R3x technology demonstration. (Credit: NASA/Ames Research Center/Dominic Hart)

Swarming small satellites to develop the next generation of communication and navigation tech

MOFFETT FIELD, Calif. (NASA PR) — Learning how to communicate and navigate multiple spacecraft autonomously in space is a technology challenge that will become even more important to solve as NASA continues to operate in low-Earth orbit and beyond.

The V-R3x mission uses a swarm of three small satellites to demonstrate new technologies and techniques for radio networking and navigation. By developing and demonstrating these technologies on a small scale, they can be implemented for future multi-spacecraft missions, enabling NASA to pursue its future science, technology, and exploration goals.

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Government Backs UK Companies Tackling Dangerous Space Junk

Distribution of space debris around Earth (Credit: ESA)

Seven UK companies have been awarded a share of over £1 million [$1.3 million] to help track debris in space

  • Currently there are approximately 160 million objects in orbit – mainly debris – which could collide with satellites vital to services we use every day
  • UK Space Agency and Ministry of Defence sign formal agreement to work together on monitoring threats and hazards in orbit

SWINDON, UK (UK Space Agency PR) –Seven pioneering projects which will develop new sensor technology or artificial intelligence to monitor hazardous space debris, have been announced today by the UK Space Agency.

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Amazon Launches Space Segment

Jeff Bezos

Jeff Bezos’ Amazon Web Services (AWS) has unveiled a new space business segment. The company described it in a blog post.

Today, we’re excited to announce that AWS is introducing a new business segment dedicated to accelerating innovation in the global aerospace and satellite industry. The Aerospace and Satellite Solutions business segment will bring AWS services and solutions to the space enterprise, and work with customers and partners around the world to:

  • Reimagine space system architectures.
  • Transform space enterprises.
  • Launch new services that process space data on Earth and in orbit.
  • Provide secure, flexible, scalable, and cost-efficient cloud solutions to support government missions and companies advancing space around the world.

Whether on Earth or in space, AWS is committed to understanding our customers’ missions. As we enter new areas of exploration, leadership, and knowledge are key. That’s why we are excited to welcome Retired Air Force Major General Clint Crosier, former director of Space Force Planning at the U.S. Space Force, as the leader of this new business segment. Maj. Gen. Crosier has spent the last 33 years driving transformation and mission success across the space enterprise, and led the Defense Department’s efforts to stand up the U.S.’s newest military service.

“We find ourselves in the most exciting time in space since the Apollo missions,” said Maj. Gen. Crosier. “I have watched AWS transform the IT industry over the last 10 years and be instrumental in so many space milestones. I am honored to join AWS to continue to transform the industry and propel the space enterprise forward.”

You can read more here.

NASA is Part of COVID-19 High Performance Computing Consortium

WASHINGTON (Trump Administration PR) — The White House announced the launch of the COVID-19 High Performance Computing Consortium to provide COVID-19 researchers worldwide with access to the world’s most powerful high performance computing resources that can significantly advance the pace of scientific discovery in the fight to stop the virus.

“America is coming together to fight COVID-19, and that means unleashing the full capacity of our world-class supercomputers to rapidly advance scientific research for treatments and a vaccine. We thank the private sector and academic leaders who are joining the federal government as part of the Trump Administration’s whole-of-America response,” said Michael Kratsios, U.S. Chief Technology Officer.

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Amazon Web Services, Lockheed Martin Team to Make Downlinking Satellite Data Easier, Less Expensive

SEATTLE & BETHESDA, Md.–(Amazon Web Services/Lockheed Martin PR) — Today at AWS re:Invent, Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ:AMZN), and Lockheed Martin (NYSE: LMT) announced a strategic collaboration to integrate the new AWS Ground Station service with Lockheed Martin’s new Verge antenna network.

AWS and Lockheed Martin are bringing these two highly capable systems together to provide a solution that addresses customer needs for resilient satellite uplinks and downlinks. Through this integration, customers using AWS Ground Station gain the ability to download data from multiple satellites at the same time and to continue downloading data even when unplanned outages like a weather event impact parts of the network.

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Iridium, Amazon Team for Satellite Cloud-based Internet of Things Solution


MCLEAN, Va.
, Sept. 27, 2018 (Iridium PR) — Iridium Communications Inc. (NASDAQ:IRDM) announced today it has joined the Amazon Web Services (AWS) Partner Network (APN) and has been collaborating with AWS on the development of Iridium CloudConnect, the first and only satellite cloud-based solution that offers truly global coverage for Internet of Things (IoT) applications.

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