Quarterly ResultMay 15, 2026, 06:22 AM
Sidus Space Q1 Revenue +51% to $359K; Net Loss -$5.2M
AI Summary
Sidus Space reported its first quarter 2026 financial results, showing a 51% year-over-year increase in revenue to $359,000 and a 36% improvement in gross loss to $1.1 million. The company also reduced its net loss by 19% to $5.2 million. Operationally, Sidus Space delivered initial imagery from LizzieSat-3, expanded agreements, and advanced payload integrations. Subsequent to the quarter, the company completed a $58.5 million direct offering and announced a CFO transition.
Key Highlights
- Q1 2026 revenue increased 51% year-over-year to $359,000.
- Gross loss improved 36% to $1.1 million in Q1 2026 from $1.6 million in Q1 2025.
- Net loss improved 19% to $5.2 million in Q1 2026 from $6.4 million in Q1 2025.
- Basic and diluted loss per share was $0.08, down from $0.35 in Q1 2025.
- Cash position was $27.3 million as of March 31, 2026, with no outstanding term debt.
- Completed a $58.5 million registered direct offering on April 21, 2026.
- Announced CFO transition, with John Burke appointed Interim CFO effective June 1, 2026.
- Delivered initial imagery from LizzieSat-3 and expanded agreement with Lonestar Data Holdings.
Price Impact
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