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Sidus Space (Sidus Space) Operating Income : $-13.44 Mil (TTM As of Mar. 2024)


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What is Sidus Space Operating Income?

Sidus Space's Operating Income for the three months ended in Mar. 2024 was $-3.56 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-13.44 Mil.

Warning Sign:

Sidus Space Inc has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Sidus Space's Operating Income for the three months ended in Mar. 2024 was $-3.56 Mil. Sidus Space's Revenue for the three months ended in Mar. 2024 was $1.05 Mil. Therefore, Sidus Space's Operating Margin % for the quarter that ended in Mar. 2024 was -339.24%.

Sidus Space's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sidus Space's annualized ROC % for the quarter that ended in Mar. 2024 was -91.94%. Sidus Space's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -120.53%.


Sidus Space Operating Income Historical Data

The historical data trend for Sidus Space's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sidus Space Operating Income Chart

Sidus Space Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
-1.91 -1.53 -3.51 -12.04 -12.53

Sidus Space Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.65 -3.05 -3.88 -2.95 -3.56

Sidus Space Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-13.44 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Sidus Space  (NAS:SIDU) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Sidus Space's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-14.248 * ( 1 - 0% )/( (15.087 + 15.908)/ 2 )
=-14.248/15.4975
=-91.94 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Sidus Space's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-14.628/( ( (9.686 + max(0.465, 0)) + (11.594 + max(2.528, 0)) )/ 2 )
=-14.628/( ( 10.151 + 14.122 )/ 2 )
=-14.628/12.1365
=-120.53 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.243 + 1.218 + 5.405) - (7.281 + 0.12 + 0)
=0.465

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.823 + 1.424 + 4.768) - (4.367 + 0.12 + 0)
=2.528

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Sidus Space's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=-3.562/1.05
=-339.24 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Sidus Space Operating Income Related Terms

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Sidus Space (Sidus Space) Business Description

Traded in Other Exchanges
N/A
Address
150 N. Sykes Creek Parkway, Suite 200, Merritt Island, FL, USA, 32953
Sidus Space Inc is a Space and Defense as-a-Service company focused on providing complex space hardware, satellite/spacecraft design, manufacture, launch, and data solutions for both government and commercial in-space missions for all destinations through the solar system. This includes a Space-based infrastructure of multi-mission satellites with hyperspectral, multi-spectral and other sensors to provide monitoring services and solutions to multiple sectors and industries. The company supports Commercial Space, Aerospace, Defense, Underwater Marine and other commercial and government customers.
Executives
Carol Marlene Craig director, 10 percent owner, officer: CEO 150 N. SYKES CREEK PKWY, SUITE 200, MERRITT ISLAND FL 32953
Leonardo Riera director 18688 SEA TURTLE LANE, BOCA RATON FL 33498
Miguel Valero director 150 N. SYKES CREEK PARKWAY, SUITE 200, MERRITT ISLAND FL 32953
Oliver John Cole director 150 N. SYKES CREEK PARKWAY, SUITE 200, MERRITT ISLAND FL 32943
Dana S Kilborne director 102 WEST BAKER STREET, PLANT CITY FL 33563
Scott J Silverman officer: Chief Financial Officer 1825 PONCE DE LEON BLVD., SUITE 411, CORAL GABLES FL 33134