![]() ![]() Similar to laying broadband cable to support the Internet ecosystem, we are developing the first of its kind multimission constellation designed as a flexible space infrastructure to support the growing space economy. The fundamental to support this growth are tied to our multimission satellite constellation business line, which recently gained international momentum with an agreement awarded by the Netherlands organization to support the testing of a laser comm technology for their military. Although our net loss increased primarily due to costs related to public company operations, underwriting expenses and increased launch cadence, we expect to reduce our losses over the next year as we look to increase bookings now that we have secured launch capacity for our next nine satellites. We continue to grow our satellite customer pipeline and ended 2022 with over 400% growth in revenue and over 400% growth in gross profit year-over-year relative to 2021. In addition to growing our management team and staff, we expanded our manufacturing capability through several spaces and defense contract and contracted with SpaceX to ensure access to space in an ever tightening launch market. We boast a unique one of a kind blend of extensive industry knowledge and experience along with modern disruptive innovation, fueling our ability to participate in high profile traditional space programs while also competing for business with new and emerging space economy opportunities. Building upon a strong foundation of aerospace, defense and government manufacturing experience, our industry leading capabilities combine state-of-the-art knowledge, equipment and facilities to deliver the superior quality and performance required by our expanding global customer base. 2022 was a year focused on expansion of our capabilities and creation of a scalable offering to facilitate commercial space growth.Īfter going public in December of 2021, we expanded our vertically integrated satellite manufacturing capability, solidified our go-to-market strategy, expanded our sales team and established partnerships, both downstream and upstream. For more information about these risks and uncertainties, please refer to the risk factors in the company's filings with the Securities and Exchange Commission, each of which can be found on our Web site, Listeners are cautioned not to put any undue reliance on forward-looking statements, and the company specifically disclaims any obligation to update the forward-looking statements that may be discussed during this call. These factors include our ability to estimate operational expenses and liquidity needs, customer demand, supply chain delays, including launch providers and extended sales cycles. Many factors could cause actual results to differ materially from the forward-looking statements made on this call. ![]() These statements are based on current expectations and assumptions and as a result, are subject to risks and uncertainties. ![]() During today's call, we may make certain forward-looking statements. ![]() We are please to share this business update 2022 results and our outlook for 2023, which we expect will be a momentous year for our company. Teresa Burchfield, our Chief Financial Officer, had a prior obligation and is unable to join this call but is happy to fill questions at a later date. As mentioned, my name is Carol Craig, and I am the Chief Executive Officer of Sidus Space. Please go ahead.Ĭarol Craig: Thank you, and good morning, everyone. I would now like to turn the conference to Carol Craig, Chief Executive Officer. And welcome to the Sidus Space 2022 Earnings Conference Call. (NASDAQ: SIDU) Q4 2022 Earnings Call Transcript March 17, 2023 ![]()
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