Quarterly ResultMay 15, 2026, 04:10 PM
Sidus Space Q1 Net Loss Narrows to $5.21M; Revenue Rises 50.7%
AI Summary
Sidus Space Inc. reported a net loss of $5.21 million for the three months ended March 31, 2026, a significant improvement from the $6.41 million net loss in the prior year period. Total revenue increased by 50.7% to $359,372. Despite the improved operational performance and reduced liabilities, the company experienced a substantial decrease in cash and an increase in cash used in operating activities.
Key Highlights
- Net loss for Q1 2026 was $5.21 million, an improvement from $6.41 million in Q1 2025.
- Total revenue increased 50.7% to $359,372 in Q1 2026 from $238,494 in Q1 2025.
- Basic and diluted loss per share improved to $(0.08) in Q1 2026 from $(0.35) in Q1 2025.
- Cash balance decreased to $27.35 million as of March 31, 2026, from $43.18 million at December 31, 2025.
- Total liabilities significantly decreased to $4.24 million as of March 31, 2026, from $15.46 million at December 31, 2025.
- Gross loss improved to $(1.05) million in Q1 2026 from $(1.63) million in Q1 2025.
- Net cash used in operating activities increased to $(5.65) million in Q1 2026 from $(3.21) million in Q1 2025.
- Property and equipment, net, increased to $17.26 million as of March 31, 2026, from $14.18 million at December 31, 2025.
Price Impact
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