Airbus unveiled plans for private space station modules, Axiom Space said it will offer nations customized space programs, and Sierra Space and ILC Dover announced a strategic partnership to build inflatable stations and next-generation spacesuits to further commercial human spaceflight during the 38th Space Symposium in Colorado.
NASA MISSION UPDATE SpaceX’s uncrewed Dragon cargo spacecraft splashed down at 2:53 p.m. EDT Saturday, Aug. 20, north of Cape Canaveral off the Florida coast, marking the return of the company’s 25th contracted cargo resupply mission to the International Space Station for NASA. The spacecraft carried more than 4,000 pounds of valuable scientific experiments and other cargo back to Earth. Some of the scientific investigations returned by Dragon include: Space’s impact on materials: The Materials […]
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.
HOUSTON (KBR Inc. PR) — KBR (NYSE: KBR) is pleased to announce it is a major partner to Axiom Space, which NASA selected as one of two companies eligible to support the development of NASA’s next-generation spacesuit and spacewalk systems through the Exploration Extravehicular Activity Services (xEVAS) contract. This comprehensive contract includes a full range of services, including design, testing, and verification of manufacturing and processing of the new spacesuits. KBR will co-locate with Axiom Space in their facilities.
The xEVAS contract, which advances extravehicular activity capability for low-Earth orbit, on the lunar surface, and future human missions to Mars, is managed out of NASA’s Johnson Space Center (JSC) through the Extravehicular Activity (EVA) and Human Surface Mobility Program. The milestone-based contract’s period of performance continues through 2034 with a potential total value of $3.5 billion across the life of the program.
HOUSTON (Oceaneering International PR) — Oceaneering International (“Oceaneering”) (NYSE:OII) announces that Oceaneering Space Systems (“OSS”), a division of the Aerospace and Defense Technologies segment, will serve on a team led by Collins Aerospace (“Collins”), a Raytheon Technologies business selected by the National Aeronautics and Space Administration (“NASA”) to develop next-generation extravehicular spacesuits.
HOUSTON (NASA PR) — NASA and SpaceX are standing down from this week’s Falcon 9 launch of the CRS-25 cargo mission to the International Space Station. Officials from NASA and SpaceX met today to discuss an issue identified over the weekend and the best path forward.
Collins-led team to provide new spacesuit for ISS crew and Artemis moon missions
CEDAR RAPIDS, Iowa, June 1, 2022 (Collins Aerospace PR) – Collins Aerospace, a Raytheon Technologies (NYSE: RTX) business – along with teammates ILC Dover and Oceaneering – have been selected to produce NASA’s next-generation spacesuit, which astronauts could wear when working outside the International Space Station and – within the next decade – on the moon.
HOUSTON (NASA PR) — NASA has selected Axiom Space and Collins Aerospace to advance spacewalking capabilities in low-Earth orbit and at the Moon, by buying services that provide astronauts with next generation spacesuit and spacewalk systems to work outside the International Space Station, explore the lunar surface on Artemis missions, and prepare for human missions to Mars.
Moon dust poses a major challenge to NASA as the space agency prepares to return astronauts to the moon for the first time in more than 50 years. The abrasive, glass-like dust sticks to spacesuits, irritates throats and lungs, and threatens to clog vital equipment.
To address these challenges, NASA has selected lunar dust mitigation projects from Force Engineering, Innovative Aerospace, Smart Material Solutions and Cornerstone Research Group for continued funding under its Small Business Innovation Research (SBIR) program. The Phase II grants are worth up to $750,000 each. The companies previously received smaller SBIR Phase I grants.
HOUSTON (NASA PR) — NASA will announce at 2 p.m. EDT (1 p.m. CDT) Wednesday, June 1, the company, or companies, selected to move forward in developing the next generation of spacesuits for Artemis missions at the Moon and the International Space Station during an event at the agency’s Johnson Space Center in Houston. The announcement will air live on NASA Television, the agency’s website, and the NASA app. Event participants will […]