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CAPE CANAVERAL, Fla. - Sidus Space, Inc. (NASDAQ: SIDU), known for its space and defense technology solutions, recently announced the launch of its new Fortis™ VPX computing system. The company, currently valued at $26.36 million, has seen its stock decline over 70% year-to-date, according to InvestingPro data. Despite recent market challenges, InvestingPro analysis suggests the stock may be undervalued at current levels. Fortis™ VPX is designed to handle command and data in environments requiring high reliability and is equipped with advanced artificial intelligence/machine learning (AI/ML) capabilities and precision navigation.
The system, which aligns with the Sensor Open Systems Architecture (SOSA™) technical standard, aims to provide a scalable digital backbone to support the development of missions across various domains, including maritime, land, space, and airborne. Its modularity and compatibility with SOSA™ standards are expected to reduce lifecycle costs and streamline integration processes for Sidus Space’s customers. While the company maintains a healthy current ratio of 1.16 and holds more cash than debt on its balance sheet, InvestingPro data indicates rapid cash burn remains a concern for investors.
Sidus Space CEO Carol Craig emphasized the system’s potential as a "force multiplier for AI-driven mission systems," citing its ability to adapt to changing mission requirements swiftly.
Fortis™ VPX targets a growing market for autonomous intelligence and is positioned to cater to the needs of satellite constellations, tactical ground systems, unmanned aerial vehicles (UAVs), and intelligence, surveillance, and reconnaissance (ISR) platforms. The company’s proprietary IP and alignment with SOSA™ standards are anticipated to generate recurring revenue through system sales and service-based contracts.
Sidus Space has been a pioneer in deploying operational AI in space since 2023, which has positioned the company as an early entrant in space-qualified AI/Edge platforms. The integration of its FeatherEdge™ AI system with Fortis™ has been demonstrated in space with LizzieSat™-3, achieving full mission qualification. While analysts project sales growth for the current year, the company faces profitability challenges with negative EBITDA of $15.38 million in the last twelve months. For deeper insights into Sidus Space’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, available for over 1,400 US stocks.
The company’s Chief Technology Officer, Val Ojdanic, highlighted the global trend towards edge AI computing, referencing China’s recent launch of an AI-focused satellite as part of a larger constellation. Ojdanic believes that Fortis™ VPX meets the scalability and ruggedization requirements for powering next-generation infrastructure.
Sidus Space, headquartered on Florida’s Space Coast, provides a range of space mission solutions, including satellite manufacturing, AI-driven data services, and space and defense hardware manufacturing. The company’s forward-looking statements in the press release are subject to various factors, including market conditions, as detailed in its regulatory filings.
This report is based on a press release statement from Sidus Space.
In other recent news, Sidus Space Inc. reported a significant decline in its financial performance for the first quarter of 2025. The company’s revenue decreased by 77% compared to the same period in 2024, amounting to $238,000. Additionally, Sidus Space experienced a net loss of $6.4 million, an increase from the $3.8 million loss reported in the previous year. Despite these setbacks, the company improved its cash position to $11.7 million, up from $6.2 million the year before. Sidus Space is transitioning from research and development to commercialization, with a focus on new product launches and satellite services. The company expects material revenue growth in the latter half of 2025 as it continues to expand its satellite services and secure initial product orders. The financial results have raised concerns among investors about Sidus Space’s ability to successfully navigate this transition. As the company moves forward, it will be crucial to monitor its progress in achieving the anticipated growth targets.
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