Good day, and welcome to the Sidus Space third quarter 2022 results and business update call. I would now like to turn the conference over to Carol Craig. Please go ahead.

Good morning. Thank you for joining us. My name is Carol Craig, and I am the Chief Executive Officer of Sidus Space. With me today is Teresa Burchfield, our Chief Financial Officer. On this call, I’ll provide highlights on the quarter and give a strategic update on the business. Teresa will review the company's third quarter financial results for 2022. Before we begin, let me refer you to Slide 2 of the presentation, which contains our Safe Harbor disclaimer. During today's call, we may make certain forward-looking statements. These statements are based on current expectations and assumptions, and as a result, are subject to risks and uncertainties. Many factors could cause actual results to differ materially from the forward-looking statements made on this call. These factors include our ability to estimate operational expenses and liquidity needs, customer demand, supply chain delays, including launch providers, and extended sales cycles. For more information about these risks and uncertainties, please refer to the risk factors in the company's filings with the Securities and Exchange Commission, each of which can be found on our website, www.sidusspace.com. Listeners are cautioned not to put any undue reliance on forward-looking statements, and the company specifically disclaims any obligation to update the forward-looking statements that may be discussed during this call. So, welcome to our second earnings call. On this call, Teresa, and I, will cover our overall strategy, along with an overview of Q3 and year-to-date key business accomplishments and results, having had another quarter of strong revenue growth. As a public company for less than one year, we recognize many of you are still new to our story and the space economy generally. So, we will continue to provide background on who we are and what our goals are, as we rapidly scale up our business.…

Thanks, Carol. We continue to move forward through the year with another quarter of triple digit revenue growth. The trajectory of our business and the progress towards launching our satellite, is in line with our expectations. Over time, we expect this to result in increased revenues and margins, despite the challenging supply chain and cost environment we are currently navigating through. Looking at our results, as of the end of September, on Slide 11, you can see our third quarter sales at $1.3 million, increased 164%, up over $800,000 versus third quarter 2021. We continue to see an increase in contracts as a result of expanded sales staff driving our market penetration, coupled with increasing demand across the sector. Sales this quarter were primarily driven through the space hardware manufacturing side of the business. As we progress with our satellite launch plans, we expect this mix will change, which is also expected to improve margins. Gross margin for the quarter was negative 7%, a reflection of both the mix of contracts in the quarter, and the mix of labor versus materials in each contract, as well as continued supply chain impacts. Our margins will evolve as revenue continues to grow. Gross margin will remain choppy when looking at it quarter-to-quarter, depending on the mix of revenue, but will smooth out when looked at over a longer period of time, as you will see in our year-to-date results on Slide 12. Our operating expense for the quarter was $2.9 million higher than last year. This increase is primarily to support the growth of our business through 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, and include a one-time banking advisory fee of $600,000.…

The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.