Sidus Space Q2 Revenue Falls 54% to $583K, Cash at $166.5M
SIDU has more than doubled off its 52-week low of $0.628.
Summary
Sidus Space reported Q2 2026 revenue of $583K, down 54% year-over-year, driven by timing of fixed-price milestone contracts. Net loss improved 15% to $4.8M, and adjusted EBITDA loss widened to $5.1M from $3.9M. Cash position stands at $166.5M with no term debt, following the $100M equity raise closed in May. The company completed vibration testing on its next LizzieSat spacecraft and integrated its Fortis VPX Maxima computing platform, marking progress toward commercialization. This follows the 10-Q filed yesterday, which disclosed the same revenue decline and an ineffective internal controls finding. The conference call is scheduled for today at 5:00 PM ET.
At the time of this announcement, SIDU was trading at $2.58 on NASDAQ in the Technology sector, with a market capitalization of approximately $261.4M. The 52-week trading range was $0.63 to $6.79. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: PR Newswire.