CAPE CANAVERAL, Fla. - Sidus Space, a company specializing in satellite and Data-as-a-Service solutions, has announced the successful deployment of its LizzieSat™ satellite into low Earth orbit. The satellite was part of SpaceX's Transporter-10 Rideshare mission, which launched from the Vandenberg Space Force Base in California.
Carol Craig, CEO at Sidus Space, expressed her excitement about the launch, stating, "This accomplishment is a testament to the dedication, expertise, and collaboration of our team." LizzieSat™ is designed to enhance space-based data collection and analysis, integrating Space Platform with a Purpose™ and FeatherEdge AI technology.
The company aims to expand its customer base in both military and commercial sectors, offering tailored intelligence solutions for industries such as defense, agriculture, maritime, and oil and gas. With the deployment of LizzieSat™, Sidus Space is making strides in its mission of "Bringing Space Down to Earth™."
Sidus Space, based in Cape Canaveral, Florida, operates a comprehensive facility for manufacturing, assembly, integration, and testing. The company is known for providing vertically integrated Space-as-a-Service solutions, including end-to-end satellite support. It is also ISO 9001:2015, AS9100 Rev. D certified, and ITAR registered.
Plans for the continuation of the LizzieSat™ mission include the launch of LizzieSat-2 and LizzieSat-3 on future SpaceX Rideshare missions. This progression underscores Sidus Space's commitment to advancing space technology and data collection capabilities.
The information in this article is based on a press release statement from Sidus Space.
InvestingPro Insights
As Sidus Space celebrates the successful deployment of its LizzieSat™ satellite, the financial landscape of the company offers a mixed picture. According to InvestingPro data, Sidus Space has a market capitalization of 23.71 million USD, reflecting the scale of the business in the competitive aerospace sector. Despite a significant return over the last week with a 19.87% increase and an even stronger return of 30.05% over the last month, the company's stock price has experienced a substantial decline of 93.52% over the past year, indicating a period of high volatility for investors.
InvestingPro Tips highlight that Sidus Space has been quickly burning through cash and analysts do not expect the company to be profitable this year. This aligns with the reported operating income margin for the last twelve months as of Q3 2023 standing at -176.4%, underscoring the financial challenges the company faces despite its operational milestones. Additionally, Sidus Space's price-to-book ratio as of the same period is 2.79, which could suggest that the stock is potentially undervalued if the company's book value is considered a measure of its intrinsic worth. However, the negative P/E ratio of -1.72 indicates that investors are not currently expecting earnings growth in the near term.
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