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Sidus Space Eyes ‘Higher-Value’ Commercial Opportunities
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Sidus Space Eyes ‘Higher-Value’ Commercial Opportunities
Sidus Space reported a net loss of $6 million in the third quarter as it advances its strategic transition toward higher-value commercial operations. The aerospace company reported third-quarter revenue of $1.3 million, down 31 percent from $1.9 million in the same period last year. The decline reflects a strategic shift away from lower-margin legacy services toward higher-value commercial technology platforms.Sidus attributed cost increases to …
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