SIDU

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Sidus Space stock has more than doubled over the past year, yet its recent valuation checks suggest the shares are not an obvious bargain, which leaves investors weighing a strong price recovery against fairly cautious fundamentals. Sidus Space has returned 114.0% over the past year, so anyone looking at the stock today is assessing it after a sharp rebound rather than at the depths of past declines. The company’s push to advance its LizzieSat platform and related technology can support long term revenue potential, while reliance on fresh capital and successful contract conversion may keep risk perceptions elevated for now. On Simply Wall St’s broader valuation checks, Sidus Space scores 2 out of 6. This points to some attractive metrics but overall leans more expensive than cheap on a multi lens view of value, so investors do not have a clear wide margin of safety at the current price. The issue now is whether Sidus Space’s recent share price recovery is already pricing in the key growth and risk factors that matter most for long term value. Sidus Space delivered 114.0% returns over the last year. See how this stacks up to the rest of the Aerospace & Defense industry. P/B is a useful lens for Sidus Space because it puts more weight on the value of its equity base than on near term earnings swings. Sidus Space currently trades at a P/B of about 1.3x, which is below the Aerospace & Defense industry average of roughly 3.4x and also below the broader peer group at about 33.5x. That places the stock at a discount to both its sector and a wider set of peers on this metric. Despite the recent capital raise and attention around LizzieSat milestones, the current P/B still treats Sidus Space’s equity at a lower multiple than many listed aerospace contractors. For investors who focus on balance sheet based valuation, this gap suggests the market price may not fully reflect the value of the company’s recorded net assets. On the P/B multiple alone, Sidus Space stock appears undervalued relative to its industry and peers. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives for Sidus Space pick up where this valuation puzzle leaves off and spell out what would need to happen to Sidus Space's growth, margins and earnings for the stock to be worth materially more or less than today's price, using the Community page as the home for those views. Each narrative assigns a number to a clear view on how growth, profitability and risk could evolve. You can revisit these narratives as fresh information on the company arrives. If you have a view on whether Sidus Space's stronger capital position and recent LizzieSat progress really support today's valuation, this is a chance to add your voice in the Simply Wall St community and put a number driven case on the stock. Share a Narrative, assign it a score, and see how your thesis holds up as new results arrive. Do you think there's more to the story for Sidus Space? Head over to our Community to see what others are saying! Sidus Space screens as undervalued on book value, yet its broader valuation checks are relatively weak, so the signal is mixed rather than a clear green light. The key question is whether the discount to peers reflects an overlooked balance sheet or a fair markdown for funding needs and execution risk around LizzieSat and future contracts. For you as an investor, the crux is whether Sidus Space can convert its technology roadmap into durable revenue without eroding that apparent discount. That tension between potential upside and capital and delivery risk is what will decide whether today’s pricing proves attractive or justified. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SIDU. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management characterized the second quarter as a pivotal period where the company's balance sheet was aligned with its technological capabilities through substantial capital raises. The company is shifting its primary success metrics from technical milestones and satellite launches to customer adoption, recurring revenue, and operating leverage. A key operational milestone was the successful vibration testing of the next LizzieSat, clearing the path for the first flight of the proprietary Fortis VPX digital mission computing platform. Sidus maintains a vertically integrated model, positioning itself between large-scale traditional primes and standardized small-sat vendors to deliver custom spacecraft at production speed. The company's inclusion in the Russell 2000 and 3000 indexes is viewed as a strategic opening to increase institutional visibility and trading liquidity. Revenue declines were primarily attributed to a reduction in related-party activity, while gross loss improvements were driven by lower depreciation following previous asset impairments. Management defended recent equity dilution as a necessary step to strengthen the balance sheet for large government program bids rather than funding indefinite operating losses. Initial full commercial availability of the Fortis VPX platform is anticipated in early 2027, following final integration and customer qualification activities. The company expects the upcoming LizzieSat mission to advance its edge AI technology to Technology Readiness Level 9, a critical gating requirement for defense procurement. Capital allocation priorities are focused on expanding manufacturing capacity, strengthening government capture efforts, and accelerating next-generation satellite production. Management plans to expand investor relations outreach in the second half of 2026 to convert new index-driven visibility into sustained institutional interest. Future growth strategy includes evaluating targeted investments to deepen core competencies and accelerate market access across defense and commercial segments. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Completed two registered direct offerings in Q2 2026, generating $159 million in gross proceeds and significantly increasing the cash balance to $167 million. Eliminated all outstanding borrowings by fully repaying the asset-backed line of credit in January, simplifying the capital structure and reducing interest expense. Acknowledged that aerospace and defense procurement cycles require significant patience and that commercializing new technologies remains a complex execution risk. Noted a significant increase in professional fees related to the transition of the Chief Financial Officer and increased governance requirements.

This article first appeared on GuruFocus. Release Date: August 14, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Successfully raised $158.5 million in gross proceeds in Q2 2026, strengthening the balance sheet and reducing near-term financing risk. Completed environmental qualification testing (vibration) for the next LizzieSat, clearing a key milestone toward launch readiness. Fortis DPX Maxima, the proprietary digital mission computing platform, is set for its first flight, expected to achieve TRL 9 and enhance market credibility. Joined the Russell 3000, Russell 2000, and Russell MicroCap Indexes, increasing visibility and potential institutional investment. Strategic collaboration with Microchip Technology to integrate space-grade semiconductors, reducing integration complexity and accelerating product development. Expanding customer engagement with defense primes and commercial aerospace, with Fortis DPX evaluations underway for multiple mission applications. No outstanding borrowings after repaying the asset-backed line of credit, simplifying the capital structure and eliminating associated interest expense. Total revenue for the first half of 2026 decreased 37% year-over-year, with a 54% decline in Q2, driven by lower related-party and third-party revenue. Adjusted EBITDA loss widened to $9.7 million for the first half and $5.1 million for Q2, reflecting increased operating expenses. Significant dilution from equity offerings, with Class A shares outstanding increasing from 65.3 million to 101.1 million in six months. SG&A expenses rose 9% in the first half and 19% in Q2, primarily due to higher professional fees and payroll costs. Gross loss persists, though improved, indicating ongoing challenges in achieving profitability and positive gross margins. Commercial availability of Fortis DPX is not expected until early 2027, with procurement cycles requiring patience and delaying revenue generation. Cash used in operations was $9.1 million in the first half, highlighting continued cash burn despite the capital raise. Warning! GuruFocus has detected 4 Warning Signs with SIDU. Is SIDU fairly valued? Test your thesis with our free DCF calculator. Q: What is the significance of the capital raised in Q2 2026, and how does management view the associated dilution? A: Carol Craig, CEO, stated that the company raised $158.5 million in gross proceeds in Q2 through two offerings, including a $100 million offering in late May. She acknowledged that dilution is real and should not be dismissed but framed the capital as a strategic move to strengthen the balance sheet, improve financial flexibility, and accelerate commercialization from a position of strength. The funds are intended to support scaling satellite manufacturing, commercializing the Fortis DPX platform, and pursuing larger government programs, rather than funding indefinite operating losses. Q: What is the current status of the next LizzySat satellite mission and the Fortis DPX Maxima platform? A: Carol Craig, CEO, reported that the next LizzySat successfully completed vibration testing in June, a key environmental qualification milestone. This mission will be the first flight for the Fortis DPX Maxima digital mission computing platform, which pairs a quad-core ARM processor, reconfigurable FPGA, and an integrated NVIDIA Edge AI engine. Successful on-orbit operation is expected to advance the technology to Technology Readiness Level 9 (TRL 9), which is critical for defense and commercial procurement decisions. Q: What is the expected timeline for the full commercial availability of the Fortis VPX platform? A: Carol Craig, CEO, stated that the company anticipates initial full commercial availability of the Fortis VPX platform in early 2027, subject to final integration activities and customer qualifications currently underway. She noted that defense prime contractors, satellite manufacturers, and commercial aerospace organizations are actively evaluating the platform across a growing number of mission applications. Q: What were the key financial results for the second quarter and first half of 2026? A: Alan Khalili, CFO, reported that Q2 2026 revenue was approximately $583,000, a 54% decrease year-over-year, while the net loss improved by 15% to $4.8 million. For the first half, revenue was $942,000, down 37%, and the net loss improved by 17% to $10 million. The improvements were driven by lower depreciation, reduced costs, and the elimination of asset-based loan expenses following the repayment of the loan in January. Q: How has the company's balance sheet and liquidity position changed? A: Alan Khalili, CFO, stated that as of June 30, 2026, the company had $166.5 million in cash and working capital of $167.6 million, up from $43.2 million in cash at the start of the year. The company has no outstanding borrowings after fully repaying its asset-backed line of credit. The net proceeds from the two Q2 offerings were approximately $146.2 million, which will be used for working capital and general corporate purposes. Q: What is the company's strategy for converting its technology into recurring revenue? A: Carol Craig, CEO, emphasized that the company's focus is shifting from proving technology to scaling its commercial application. Success will be measured by customer adoption, recurring revenue, operating leverage, and long-term shareholder value. The company is investing in the commercialization of Fortis VPX, expanding manufacturing capacity, strengthening business development, and building operational infrastructure to support large customer programs. Q: What is the significance of the company's inclusion in the Russell indexes? A: Carol Craig, CEO, noted that Sidus joined the Russell 3000, Russell 2000, and Russell MicroCap Indexes in June 2026. She described this as an "opening, not an outcome," as it broadens the base of institutional investors who can consider the stock and is generally associated with increased trading liquidity. The company plans to expand its investor relations program to convert this visibility into sustained institutional interest. Q: How is the company positioning itself in the space and defense market? A: Carol Craig, CEO, described Sidus as occupying a distinct position between large primes building one-off spacecraft and small-sat vendors selling standardized buses. The company is a custom satellite manufacturer with flight-proven hardware, delivering mission-specific spacecraft at production speed and cost. The LizzySat platform is a validated engineering baseline that is tailored to each customer's payload and mission profile, with a development path towards cislunar and lunar environments. Q: What are the company's capital allocation priorities? A: Alan Khalili, CFO, outlined the priorities as continued investment in the commercialization of Fortis VPX and AI hardware/software, expanding manufacturing capacity, strengthening business development and government capture efforts, accelerating next-generation satellite production, and building operational infrastructure. The company remains focused on improving gross margins, increasing recurring revenues, and progressing toward sustainable positive cash flow. Q: What is the company's outlook on government and defense opportunities? A: Carol Craig, CEO, stated that the current geopolitical environment reinforces the company's technology priorities, including resilience-based architectures, autonomous operations, and AI-enabled decision-making. The company's participation in strategic contracting vehicles, including the Missile Defense Agency SHIELD program, and ongoing discussions with DoD agencies and defense primes have strengthened its opportunity pipeline. The company has also invested in security infrastructure and mission assurance capabilities to pursue more sensitive opportunities. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Sidus Space, Inc.? Here are five stocks we like better. Second-quarter revenue fell 54% to approximately $583,000, while the net loss narrowed to $4.8 million; adjusted EBITDA losses widened to $5.1 million. Sidus raised $158.5 million in gross proceeds through two equity offerings, ending the quarter with $166.5 million in cash and no outstanding borrowings, but shares outstanding increased substantially, creating dilution. Management is shifting from technology demonstrations to commercial scaling, with Fortis VPX targeted for initial full commercial availability in early 2027 and a focus on customer adoption, government contracts and recurring revenue. 3 Small-Cap Stocks Getting a Russell 2000 Rebalance Boost Sidus Space (NASDAQ:SIDU) reported lower second-quarter revenue while strengthening its cash position through two equity offerings that generated $158.5 million in gross proceeds during the quarter. Management said the company is shifting its focus from technology demonstrations toward customer adoption, recurring revenue and commercial scaling. For the three months ended June 30, 2026, Sidus reported revenue of approximately $583,000, down 54% from $1.3 million in the prior-year quarter. The company recorded a net loss of $4.8 million, compared with a $5.6 million loss a year earlier. Its adjusted EBITDA loss, a non-GAAP measure, widened to $5.1 million from $3.9 million. → Applied Materials Beat Everything but Wall Street’s Expectations for Margins 5 Drone and Defense Stocks Catching Major Momentum in 2026 Chairman and Chief Executive Officer Carol Craig said the quarter marked a point at which the company’s financial resources caught up with its technology development. “Our focus today is shifting from proving our technology to scaling its commercial application,” Craig said, adding that future performance should be measured by customer adoption, recurring revenue, operating leverage and shareholder value. Sidus completed two best-efforts registered direct offerings during the second quarter. An April offering generated $58.5 million in gross proceeds, while a May offering generated approximately $100 million in gross proceeds. Net proceeds from the transactions totaled approximately $146.2 million, according to Chief Financial Officer Alan Khalili. → Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing Sidus Space Breaks Into the $151B Golden Dome Defense Buildout As of June 30, the company held $166.5 million in cash and had working capital of $167.6 million, up from $43.2 million in cash at the beginning of 2026. Sidus had no outstanding borrowings after repaying its asset-backed line of credit in January. Craig acknowledged that the equity financings increased dilution, with Class A shares outstanding rising to 101.1 million as of June 30 from 65.3 million at the end of 2025. She said the capital was intended to improve financial flexibility, support commercialization, pursue larger government programs and reduce near-term financing pressure. → AirJoule Technologies: Short Squeeze Setup Amid Rising Risks Management said capital allocation priorities include commercializing the Fortis VPX platform and AI hardware and software portfolio, expanding manufacturing capacity, enhancing government business-development efforts, accelerating next-generation satellite production and building infrastructure for larger customer programs. Operationally, Sidus said its next LizzieSat completed vibration testing in June at Element US Space & Defense’s Orlando facility. The test is intended to simulate launch and ascent mechanical loads. Craig said the environmental qualification milestone clears the path toward launch readiness and on-orbit operations. The satellite is expected to be the first flight mission for Fortis VPX Maxima, the company’s proprietary digital mission computing platform. Sidus said the platform combines a quad-core ARM processor, reconfigurable FPGA, NVIDIA edge AI and machine-learning capabilities, and an assured positioning, navigation and timing suite. Craig said operating Fortis VPX Maxima in space is expected to advance the technology to Technology Readiness Level 9, subject to successful mission operations. She said flight heritage is often a requirement in procurement decisions for defense and commercial customers. The company now refers to the product as the Fortis VPX Digital Mission Computing Platform, reflecting its planned application across space, air, maritime and terrestrial systems. Sidus said the platform is designed for uses including autonomous mission execution, edge processing of high-bandwidth payload data, cybersecurity functions, sensor fusion, precision timing and electronic warfare-related applications. Sidus currently anticipates initial full commercial availability of Fortis VPX in early 2027, subject to final integration work and customer qualifications. Craig said defense prime contractors, satellite manufacturers and commercial aerospace organizations are evaluating the platform for a growing number of mission applications. For the first six months of 2026, Sidus recorded revenue of approximately $942,000, down 37% from $1.5 million in the first half of 2025. Related-party revenue declined to approximately $161,000 from $648,000, while third-party revenue declined 8% to approximately $781,000. First-half cost of revenue fell to $2.6 million from $4.2 million, reflecting lower satellite and related software depreciation after an impairment recorded in the fourth quarter of 2025, as well as lower contract material and labor costs. Gross loss improved to $1.7 million from $2.7 million. Selling, general and administrative expenses increased 9% to $9.5 million for the first half, primarily due to higher professional fees. The company’s first-half net loss narrowed 17% to $10 million from $12 million, aided by the elimination of asset-based loan costs and higher interest income on its cash balance. In the second quarter, cost of revenue decreased 47% to $1.2 million, while gross loss improved 39% to approximately $630,000. However, SG&A expenses rose 19% to $5.1 million, driven in part by professional fees associated with the CFO transition and higher payroll expenses. Khalili, who became CFO effective July 27, said his focus will be on financial discipline and converting Sidus’ satellite manufacturing, data, AI and mission-critical hardware portfolio into durable recurring revenue. Sidus joined the Russell 3000, Russell 2000 and Russell Microcap indexes as part of the June 2026 Russell reconstitution. Craig said the inclusion expands the company’s potential institutional investor audience, though she emphasized that it does not guarantee sustained investor interest or increased liquidity. The company plans to expand institutional outreach through conferences, non-deal roadshows, enhanced operational disclosures and targeted engagement with small-cap and space-sector funds during the second half of 2026. Craig also cited Sidus’ participation in the Missile Defense Agency’s SHIELD contracting vehicle and discussions with Department of Defense agencies, defense intelligence organizations and major defense prime contractors. She said the company has continued investments in security infrastructure, operational compliance and mission assurance to pursue more sensitive defense and intelligence opportunities. Management said the company’s near-term challenge is converting its technology and satellite flight heritage into customers, contracts and recurring revenue, while navigating complex space missions and lengthy government procurement cycles. Sidus Space Inc (NASDAQ: SIDU) is an end-to-end space-as-a-service company headquartered in Houston, Texas. The firm provides mission design, spacecraft manufacturing, ground segment infrastructure and mission operations through a turnkey approach tailored to commercial and government customers. Sidus leverages its integrated supply chain to support client missions from concept development through data delivery. The company’s product offerings include small satellite buses, flight computers, payload integration services and proprietary ground control software, supplemented by cloud-based data processing and analytics tools. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Sidus Space Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Strengthens Balance Sheet, Completes Launch Qualification Milestone, and Advances Transition to Commercialization CAPE CANAVERAL, Fla., Aug. 14, 2026 /PRNewswire/ -- Sidus Space, Inc. (NASDAQ: SIDU), (the "Company" or "Sidus"), an innovative space and defense technology company, today announced its financial results for the second quarter ended June 30, 2026, and provided a business update highlighting a strengthened capital position, completion of a key launch qualification milestone, and continued advancement of its proprietary technology portfolio. The Company will host a conference call and webcast today, Friday, August 14, at 5:00 p.m. Eastern Time. "The second quarter materially strengthened our foundation," said Carol Craig, Founder, Chief Executive Officer and Chairman of Sidus Space. "We raised capital on terms that provide the runway to execute without compromise, and we advanced our LizzieSat offerings with the addition of Fortis VPX Maxima, our proprietary digital mission computing platform. Its multi-domain, software-defined architecture gives customers a single computing backbone that carries across space, air, land, and sea. Additionally, we believe inclusion in the Russell 2000, Russell 3000, and Russell Microcap Indexes will broaden our institutional visibility. Our focus for the balance of the year is converting this technical and financial foundation into recurring commercial and government revenue." Operational Highlights for the Quarter Ending June 30, 2026: Successfully completed vibration testing on the Company's next LizzieSat spacecraft at Element U.S. Space & Defense's Orlando, Florida facility, a key environmental qualification milestone Integrated the Company's proprietary Fortis VPX digital mission computing platform onto the next LizzieSat spacecraft. Fortis VPX – Maxima pairs a quad-core ARM processor and reconfigurable FPGA with an integrated NVIDIA edge AI/ML engine and an assured positioning, navigation, and timing (A-PNT) suite, enabling on-board AI inference and autonomous decision making at the sensor rather than in ground processing Closed a best-efforts registered direct offering on May 29, 2026 of 19,685,039 shares of Class A common stock (or pre-funded warrants in lieu thereof) at $5.08 per share, generating gross proceeds of approximately $100 million before placement agent fees and offering expenses Announced expected inclusion in the Russell 2000, Russell 3000 and Russell Microcap Indexes in connection with the FTSE Russell annual reconstitution, effective after market close on June 26, 2026, expanding institutional visibility Subsequent Operational Highlights: Issued a Letter to Shareholders on July 21, 2026 from Founder, Chief Executive Officer and Chairman Carol Craig, detailing the Company's transition from technology development to commercialization, its strengthened balance sheet and capital strategy, and its expanding pipeline across defense, intelligence, and commercial markets Appointed Alan Khalili as Chief Financial Officer effective July 27, 2026 Financial Highlights for the Second Quarter Ending June 30, 2026: Revenue: $583,000, a decrease of 54% compared to $1.3 million in Q2 2025, driven by the timing of fixed-price milestone contracts Cost of Revenue: $1.2 million, a 47% decrease compared to $2.3 million in Q2 2025, reflecting lower contract activity and lower satellite and software depreciation Gross Profit (Loss): Gross loss of $630,000, a 39% improvement from a gross loss of $1.0 million in Q2 2025 Selling, General and Administrative Expenses (SG&A) Expenses: $5.1 million, a 19% increase compared to $4.3 million in Q2 2025 Adjusted EBITDA (Non-GAAP): Loss of $5.1 million, as compared to a $3.9 million loss in Q2 2025 Net Loss: $4.8 million, an improvement of $844,000, or 15%, as compared to Q2 2025 Cash Position: $166.5 million as of June 30, 2026, with no outstanding term debt Conference Call and Webcast Event: Sidus Space Second Quarter Financial Results Conference CallDate: Friday, August 14, 2026Time: 5:00 p.m. Eastern TimeLive Call: + 1-866-652-5200 (U.S. Toll-Free) or +1-412-317-6060 (International)Webcast: https://app.webinar.net/0YRGlyAlgMb For interested individuals unable to join the conference call, a dial-in replay of the call will be available until Friday, August 21, 2026, at 11:59 P.M. ET and can be accessed by dialing +1-855-669-9658 (U.S. Toll-Free) or +1-412-317-0088 (International) and entering replay pin number: 7822886. An online archive of the webcast will be available for one year following the event at https://investors.sidusspace.com/. About Sidus Space Sidus Space®, Inc. (NASDAQ: SIDU) is an innovative space and defense technology company offering flexible, cost-effective solutions, including satellite manufacturing and technology integration, AI-driven space-based data solutions, mission planning and management operations, AI/ML products and services, and space and defense hardware manufacturing. With its mission of Space Access Reimagined®, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space system and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSat®, Sidus Space serves government, defense, intelligence, and commercial companies around the globe. Strategically headquartered on Florida's Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration, and testing facility and provides easy access to nearby launch facilities. For more information, visit: https://www.sidusspace.com Forward-Looking StatementsStatements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute 'forward-looking statements' within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'target,' 'will,' 'would' and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors described more fully in the section entitled 'Risk Factors' in Sidus Space's Annual Report on Form 10-K for the year ended December 31, 2025, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Non-GAAP Measures To provide investors with additional information in connection with our results as determined in accordance with GAAP, we use non-GAAP measures of adjusted EBITDA. We use adjusted EBITDA in order to evaluate our operating performance and make strategic decisions regarding future direction of the company since it provides a meaningful comparison to our peers using similar measures. We define adjusted EBITDA as net income (as determined by U.S. GAAP) adjusted for interest expense, depreciation and amortization expense, capital raise expense, severance costs, equity-based compensation and impairment loss. These non-GAAP measures may be different from non-GAAP measures made by other companies since not all companies will use the same measures. Therefore, these non-GAAP measures should not be considered in isolation or as a substitute for relevant U.S. GAAP measures and should be read in conjunction with information presented on a U.S. GAAP basis. The following table reconciles adjusted EBITDA to net loss (the most comparable GAAP measure) for the three months ended June 30, 2026 and 2025: Contacts: Investor Relations [email protected] Media [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/sidus-space-reports-second-quarter-2026-financial-results-302852144.html

Sidus Space (SIDU) shares have been inching higher ahead of the company’s Q2 earnings, and the derivatives market believes they will extend gains further after the quarterly print. In its first quarter, SIDU recorded $0.36 million in revenue on a loss of $0.08 per share. However, the firm lacks formal Wall Street consensus estimates for its fiscal Q2, as it currently receives coverage from just one analyst on Barchart. Mark Cuban Says If You Win The Lottery, Don’t Take The Lump Sum — And Tell People Who Ask for Money No, But ‘Be Nice. No One Likes a Mean Billionaire’ JPMorgan Just Upgraded Salesforce Stock. Here's Why. Why Wall Street Isn't Buying Super Micro's $60 Billion Backlog Quite Yet Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Heading into the earnings event, Sidus Space stock is down about 60%  versus its year-to-date high. While the put and call volume isn’t particularly massive for SIDU shares, the ratio currently stands at 0.40x for options contracts expiring Aug. 21 (exactly one week after the quarterly release). A reading below 1x is typically interpreted as bullish. Barchart’s data pegs the upper price on those contracts at $3.15, which signals potential for a nearly 25% rally on the back of earnings results. That said, Sidus Space sits firmly below its 50-day and 100-day moving averages (MAs) at writing, a technical setup that suggests the broader downtrend remains intact. Despite positive option market sentiment, Sidus Space remains a micro-cap penny stock, leaving investors exposed to extreme downside risk. Penny stocks often suffer from sharp volatility and thin liquidity, magnifying price shocks in either direction. With Q1 revenues coming in at a modest $0.36 million alongside persistent net losses, Sidus Space's underlying fundamentals offer little, if any, cushion for safety. Buying into a micro-cap name right before an earnings release is inherently hazardous — any top-line shortfall, weak forward guidance, or unexpected cash burn could trigger a rapid selloff. Combined with a lack of broad Wall Street coverage, holding SIDU through earnings remains a high-risk proposition. That said, investors should note that the only analyst who covers Sidus Space shares currently rates them at “Strong Buy” with a very bullish price target of $10. If this call were to play out, it would represent a 4x increase in SIDU stock price from here. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

Image source: The Motley Fool. May 14, 2026, 5 p.m. ET Chief Executive Officer — Carol Craig Chief Financial Officer — Adarsh Parekh Operator: Good evening, and welcome to the Sidus Space Fourth Quarter and Full Year 2025 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Adarsh Parekh, Chief Financial Officer. Please go ahead. Adarsh Parekh: Good evening, everyone, and thank you for joining us for Sidus Space's Fourth Quarter and Full Year 2025 Earnings Conference Call. Joining us today from the company is Carol Craig, Chairwoman and Chief Executive Officer; and myself, Adarsh Parekh, Chief Financial Officer. During today's call, we may make certain forward-looking statements. These statements are based on our current expectations with respect to the future of our business, the economy and other events 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. We also expect to discuss certain financial measures and information that are non-GAAP measures as defined in the applicable SEC rules and regulations. Reconciliations to the company's GAAP measures are included in the MD&A of Financial Conditions and Results of Operations within Sidus' full year 2025 10-K. 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. At this time, I would like to turn the call over to Carol. Carol, please go ahead. Carol Craig: Thank you, Adarsh. Good evening, everyone, and thank you for joining us. I want to start by saying that 2025 was a productive year for Sidus, and I am proud of the progress our team has made as we translate several years of development into operational capabilities supporting both space and defense missions across multiple domains. For those who may be new to our story, Sidus was built with a clear mission to deliver end-to-end space and defense solutions, integrating satellite design, manufacturing and operations with advanced computing and data capabilities. Over the past several years, we've made deliberate investments in our technology, infrastructure and talent to support that mission, and we're now seeing those efforts materialize into tangible mission-ready capabilities. As a result, today, Sidus is a proven U.S.-based vertically integrated space and defense technology company, delivering end-to-end satellite infrastructure, space and defense-grade hardware and AI-enabled data platforms. Over the past 4 years since we became a public company through a traditional IPO rather than a SPAC, the landscape has evolved considerably. At that time, our objective was clear: to transition from a predominantly government-focused contract manufacturing business into a diversified space and defense technology company positioned to capitalize on the rapidly expanding commercial space ecosystem while developing capabilities that support both commercial and defense missions. Since then, the geopolitical environment has shifted meaningfully, underscoring the growing importance of space as a national security domain. At the same time, as a smaller company operating with disciplined resources, we have remained focused on advancing differentiated high-performance technologies and integrated capabilities that few others are able to deliver. Our vision is to be a leading innovator and provider of space and defense technologies, infrastructure and actionable insights, and our mission is to deliver cost-effective solutions that enable multi-domain operations through agility and vertically integrated capabilities. This strategy is not theoretical. The strongest validation of our technology is not what we say, but what our systems are doing operationally. With multiple satellites on orbit, Sidus is moving into a new phase where the focus shifts from proving technical capability to executing and operating mission-ready platforms for customers. We launched 3 LizzieSat satellites between March 2024 and March 2025, each building upon the last and demonstrating increasing capability across design, operations and mission performance. Together, these missions validate our platform, strengthen our credibility and support our transition into the next phase of commercialization. An important part of our strategy is that our satellites are company-owned and company-funded with multiple customers contributing revenue before and after launch. Unlike others that may depend primarily on government contracts to finance and build their satellites, we made a deliberate decision to create a Sidus-owned platform, including the underlying intellectual property that can support commercial, civil space and defense customers on a single satellite. This dual-use multi-mission model creates diversified revenue streams, broadens customer opportunities and supports a more resilient business model in an increasingly dynamic geopolitical environment. Another important differentiator is that we intentionally designed our satellites to serve as both development and production platforms. From the beginning, our goal was to build a robust, redundant satellite architecture capable of testing and maturing technologies while simultaneously supporting customer missions, beginning with the very first spacecraft. LizzieSat-1 successfully launched and established communications, enabling us to test our bus structure, radios and other internal payloads. We also successfully executed the requirements for a NASA mission, which led to a follow-on contract for additional support on LizzieSat-1. And equally important, LizzieSat-1 enabled full commissioning of our mission control center, marking a shift from development infrastructure to active mission operations. LizzieSat-1 completed its mission, and we are, therefore, beginning the process of dispositioning. However, we will continue to track our location for situational awareness and orbital monitoring. LizzieSat-2 was launched in equatorial inclination and remains in the commissioning phase. We continue to receive signals from the satellite while working toward establishing consistent and regular communication passes as part of the normal commissioning process. The equatorial inclination was intentional with the goal to test and strengthen our ability to operate satellites across very different orbital environments. Equatorial satellite commissioning is more challenging than polar due to the limited ground station access, resulting in fewer communication windows and longer time lines. The reason we chose an equatorial orbit was for its long-term advantages, enabling repeated coverage of high-value regions near the equator with fewer satellites. Lastly, LizzieSat-3 has completed full bus level commissioning, including successful validation of a new autonomous guidance navigation and control software, achieving pointing accuracy of less than 30 arc seconds. With commissioning complete, LizzieSat-3 is now supporting recurring customer payload operations, including near real-time maritime data through its AIS sensor and on-orbit imaging through HEO USA's non-earth imaging camera payload. Taken together, these capabilities reflect a deliberate evolution in Sidus' role. We are increasingly expanding from discrete mission delivery toward operating integrated platforms that support sustained multi-domain operations for customers. Building on this operational foundation, we continue to advance our onboard computing and AI capabilities through our Fortis VPX platform, including a SOSO-Aligned single-board computer and a PNT card designed for GPS-denied environments. Fortis is a ruggedized modular computing system developed to perform data processing in challenging and constrained environments from seafloor to space. By integrating Fortis with our software-defined satellite architecture and flight-proven AI capabilities, Sidus is enabling more data to be processed closer to where it's collected. This reduces reliance on centralized ground infrastructure, improves responsiveness and supports mission execution in environments where bandwidth, latency and connectivity may be limited. This effort reflects our broader focus on developing practical deployable technologies that align with both defense and commercial needs. In parallel, we're working with commercial customers and defense prime contractors, along with systems integrators to evaluate Fortis VPX for operational use cases, including satellite payload processing, unmanned systems and ground-based computing deployed at operational sites. Our focus is converting these evaluations into long-term programs and support agreements that can drive scalable and predictable revenue as mission needs expand. The continued growth in government spending across defense and space supports demand for our capabilities and a key focus area for us is our recent award under the MDA's 10-year SHIELD IDIQ contract. Our work over the past several years has positioned us to participate in programs of this scale and complexity. The SHIELD program is part of the broader Golden Dome missile defense strategy, which is focused on developing more resilient layer protection across air, missile, space, cyber and other operational domains. The contract vehicle is designed to enable faster delivery of capabilities by incorporating approaches such as digital engineering, open systems architectures and where appropriate, AI and machine learning. For Sidus, this award provides access to a flexible procurement pathway aligned with evolving defense requirements, and it reflects the increasing emphasis on collaboration across primes, emerging companies and research institutions. Our defense strategy is aligned with these types of large-scale programs. We're focused on areas where our capabilities in satellite platforms, onboard processing and modular compute systems can contribute to applications such as persistent sensing and real-time data processing. Our vertically integrated model allows us to move from design through deployment in a more streamlined manner, which is increasingly important as time lines continue to compress. Another strategic area of focus for us is Lunar. We view the lunar economy as an emerging ecosystem rather than a single program, requiring scalable technologies and partners capable of moving quickly. Our approach is to align our capabilities with that direction, supporting both government and commercial missions as activity beyond Low Earth Orbit continues to expand. Expanding beyond LEO, we made progress across our Lunar and GEO initiatives. We signed an agreement to integrate the Lonestar's Commercial Pathfinder mission onto LizzieSat-5, completed the systems requirement review of mission kickoff with an initial milestone payment received, introduced LunarLizzie, our next-generation Lunar spacecraft concept and executed an MOU with a partner to support development of a GEO platform. Our Lunar strategy is aligned with broader national space priorities that emphasize speed, commercial partnership and operational capability beyond LEO. Recent leadership perspectives, including those advanced by NASA administrator, Jared Isaacman, reflect a shift toward a more commercially enabled and execution-focused approach to Lunar and deep space missions. This direction closely aligns with our approach to building scalable, commercially driven space and defense capabilities. Our focus on vertically integrated satellite platforms, onboard computing and adaptable software-defined systems positions us to support elements of the broader cislunar architecture, including communications, data relay and mission-enabling infrastructure. This approach prioritizes leveraging commercial innovation, shortening development time lines and building sustainable infrastructure through public-private partnerships while maintaining a focus on operational readiness, repeatability and cost efficiency over time. As we move into 2026, our strategy and focus are on accelerating commercialization and expanding in defense markets through our technology platforms while reducing reliance on lower-margin contract manufacturing and prioritizing scalable, higher-margin products. Diversification remains central to our approach, and our company remains agile in a rapidly evolving industry. While we have been intentional and disciplined in how we deploy capital, we have built a full technology stack spanning hardware, software and data entirely through organic development, not acquisition. Unlike others that pursued multi-domain capability through large debt finance acquisitions, we built these capabilities from the ground up, leveraging a 1.5 decades of heritage experience while maintaining a clean balance sheet and retaining full control over our intellectual property. As defense priorities continue to shift toward integrated multi-domain operations, we intend to aggressively pursue programs aligned with these needs, including missile defense, space-based sensing and resilient communications architectures. By combining our satellite platforms, onboard AI and modular compute capabilities, Sidus is well positioned to support next-generation defense missions and capture a larger share of this evolving market. One of the key advantages of the LizzieSat architecture is that it is software-defined, meaning capabilities are not fixed at launch. This allows the satellite to be updated, reconfigured and enhanced through software while on orbit. Over the past year, we've demonstrated this by deploying autonomous navigation software and commissioning FatherEdge100i entirely on orbit, delivering capability upgrades to an operational asset without additional hardware or launch costs. This model allows us to extend mission utility and adapt to changing requirements over time while maintaining a more efficient approach to capability upgrades. As we look toward the next evolution of AI infrastructure, including orbital and distributed data architectures, we see a logical extension of capabilities that we've already demonstrated. Our on-orbit experience with software-defined satellites, combined with proven onboard AI processing and edge computing hardware provides a foundation for supporting data processing closer to where it's generated. Recent announcements from NVIDIA and others point to a broader shift toward deploying high-performance compute beyond traditional data centers, including in space. This direction is consistent with how we've designed our systems, integrating software-defined platforms, reconfigurable payloads and onboard processing to enable real-time data handling. This reduces reliance on ground infrastructure and increases operational flexibility. Our VPX-based computing systems, along with our flight proven AI hardware and software position us to support elements of this distributed model across both space and terrestrial environments. These systems are designed to operate in constrained and contested environments, which is increasingly relevant as data processing moves closer to the edge. From a broader perspective, our vertically integrated approach spanning satellite platforms, onboard compute and mission operations allows us to participate in multiple layers of this emerging ecosystem. As investment in the next-generation AI infrastructure continues to grow, particularly in defense and national security applications, we are aligning our technology road map with areas where that resilience, autonomy and real-time decision-making are required. We've strengthened and refocused our sales organization to prioritize high-value opportunities across both commercial and defense markets with an emphasis on programs that align with our core technology platforms and offer the potential for longer-term repeatable revenue. As a result, we're actively engaged with both commercial and Department of Defense customers to address growing demand for cost-efficient, rapidly deployable satellite platforms supporting communications, imagery and intelligence missions. In parallel, we continue to advance our next-generation satellite builds, including LizzieSat-4 and LizzieSat-5. LizzieSat-4 and LizzieSat-5 are being developed as a software-defined platform, incorporating capabilities such as laser comm and software-defined hyperspectral imaging. This architecture is designed to provide customers, including international partners such as the Netherlands Organization or TNO, with the ability to adapt mission requirements on orbit. This flexibility allows for adjustments to sensing, data collection and processing priorities over time, supporting both commercial and defense use cases as needs evolve. LizzieSat-4 also includes integration of the Lonestar payload, further expanding its mission profile. Our mission control center now in its third year of full 24/7 operations continues to support satellite operations, collection management and data distribution for both our own fleet and third-party customers, reinforcing our ability to deliver end-to-end mission support. We also entered into a strategic collaboration with Simera Sense to advance AI-enabled hyperspectral imaging focused on enabling near real-time intelligence-driven earth observation and situational awareness capabilities. To support these initiatives, we executed capital raises to fund key technology development, including our dual-use Fortis VPX product line, while also identifying operational efficiencies to reduce SG&A and maintain cost discipline as we scale. As we move forward, this operational transition informs how we think about scalability, margin durability and capital efficiency. Now Adarsh will walk through how this shift toward owned and operated platforms is reflected in our financial results and outlook. Adarsh Parekh: Thank you, Carol. At Sidus, we continue to build a scalable, vertically integrated company across space, technology and artificial intelligence. Our focus remains on operational excellence, rapid innovation and delivering cost-effective, high-impact solutions for our customers. Our investments to date have centered on expanding our satellite fleet, advancing innovation and implementing a robust ERP system to support scale and profitability. Momentum from 2024 carried through full year 2025, which reflects both our transition to commercialization of dual-use multi-domain products and the near-term financial impacts of scaling a deep tech space-based enterprise. During 2025, we continued our progress in establishing Sidus Space as an innovative space and defense technology company. Our rich space and defense heritage positions us to take advantage of opportunities across multiple sectors with a combined focus on commercial space innovation and national defense priorities. Let's review our results for the year ended December 31, 2025. Total revenue for the full year 2025 was approximately $3.4 million compared to $4.7 million in full year 2024. While this reflects a decrease of about $1.3 million or 28%, the change aligns with our strategic shift away from legacy contract work toward higher-value commercial space-based and AI-driven solutions. This repositioning is intentional and expected to generate more sustainable recurring revenue in future periods. The impact of milestone-based revenue recognition also influenced year-over-year performance and comparison. Cost of revenue was approximately $9.1 million, a 48% increase from $6.1 million in full year 2024. Key contributors included a $2.1 million increase in depreciation tied to satellite and software investments, reflecting the first full year of LizzieSat operations, a changing contract mix requiring greater material and labor inputs, ongoing global supply chain pressures impacting manufacturing operations. Gross loss for the year was approximately $5.7 million compared to a loss of about $1.5 million in full year 2024. This increased gross loss reflects increased depreciation, which is noncash and directly tied to recent investments that position us for future revenue generation, the transition away from legacy high-margin contracts as we focus on long-term value-added offerings, a shift in contract structure, which is expected to yield greater returns in future periods. When adding back depreciation, including in cost of revenue, gross loss for the year was approximately $1.7 million compared to a profit of approximately $453,000 in full year 2024. Selling, general and administrative expenses totaled $22.3 million compared to $14.2 million in the prior year. This $8.1 million increase supported key growth initiatives, including strategic headcount additions to support scale and expanded employee benefits to remain competitive, equity-based compensation and performance-based bonuses initiated during 2025, increased mission operations expenses to support our growing satellite fleet, infrastructure investments in software tools, and it was also -- it also included a $4.5 million impairment of LS-1 and related assets as well as depreciation expenses and severance costs as described further in the notes to the consolidated financial statements. To provide a broader view of our performance, we also report adjusted EBITDA, a non-GAAP measure we use internally to guide strategic decision-making. Adjusted EBITDA loss for the full year 2025 was $17.3 million compared to $12.9 million in full year 2024, reflecting ongoing investment in scaling our platform. The reconciliation table, including interest, depreciation, fundraising, severance, equity-related expenses and impairments is included in our annual report on Form 10-K. Net loss for the year was $29.5 million compared to $17.5 million in full year 2024. This increase is primarily tied to strategic investments in infrastructure, personnel and operational capacity, the $4.5 million LS-1 impairment charge and noncash depreciation related to our expanding satellite fleet. Turning to the balance sheet. As of December 31, 2025, Sidus had $43.2 million in cash compared to $15.7 million as of December 31, 2024. During 2025, we completed multiple capital raises totaling approximately $53.3 million in net proceeds from the issuance of approximately 47.1 million shares of Class A common stock. Notably, we entered 2026 with no outstanding term debt, a meaningful distinction in an industry where many peers continue to carry substantial debt obligations and the associated interest burden. As we move forward, we continue to manage cash conservatively while making strategic investments in our next-generation satellite builds and high-growth product lines. During 2025, we implemented meaningful cost reduction activities and operating efficiencies to support long-term profitability, and we remain focused on driving sustainable growth in the year ahead. With that financial context, I'll hand the call back to Carol for closing remarks. Carol Craig: Thank you, Adarsh. Before I close, I want to address a couple of questions we've received from investors and analysts, particularly related to our stock performance. We recognize the concern, and we view recent movement as the result of broader market conditions, volatility across small cap and space technology sectors and the timing of revenue as we transition the business. We've seen similar patterns across our peer group, particularly among companies moving from development into commercialization. From our perspective, the priority remains execution. We are focused on advancing a more scalable product and platform-driven model anchored by our LizzieSat satellite fleet, software-defined capabilities and Fortis VPX command and data handling systems. At the same time, we have strengthened our sales organization and are prioritizing opportunities that align with larger programs, including defense initiatives like MDA SHIELD as well as commercial applications. We're also maintaining a disciplined approach to capital allocation and cost structure as we move through this transition. Ultimately, our objective is to build a more durable business with higher-margin repeatable revenue streams. As we continue to execute, demonstrate capability in orbit and convert pipeline into contracted programs, we believe that progress will be reflected over time. As we move forward, we remain focused on execution, cost discipline, and innovation, and we are advancing with greater confidence than at any point in our history. Revenue in the period was impacted by the timing of legacy program completions and our transition toward product and platform-driven revenue streams while maintaining a disciplined focus on the programs that offer the greatest long-term value. Operating in a highly competitive industry while using significantly less capital than many peer companies presents both constraints and advantages. Remaining lean requires disciplined prioritization and difficult trade-offs, but it also drives technical focus, speed of execution and operational accountability. Sidus has intentionally avoided the excesses that characterize many space SPAC era entrants choosing instead a staged capital approach tied to milestone completion rather than speculative scaling. At the end of 2025, to ensure uninterrupted execution and reduce structural risk, we took proactive steps to strengthen our balance sheet. The approximately $41 million raised at the end of December was not intended to fund indefinite operating losses, but to improve liquidity, reduce financing friction, evaluate more favorable debt structures and lower our overall cost of capital as we enter the commercialization phase. This capital provides runway stability and optionality, allowing management to focus on execution rather than survival. We fully acknowledge that equity financing creates dilution. That impact is real, and it is not dismissed. However, dilution must be evaluated relative to what it enables. Our objective is not continued reliance on equity markets, but the conversion of validated technology into repeatable revenue streams, margin expansion and operating leverage. Per share value is ultimately restored through execution, not commentary. Sidus has raised material less capital than many public peers while achieving milestones that include satellite launches, on-orbit operations, vertically integrated manufacturing, proprietary computing and AI architectures and a growing patent portfolio. Importantly, we achieved these milestones through organic development alone, building, proving and retaining ownership of every capability in our portfolio. Looking ahead, management is focused on improving capital efficiency with each successive deployment and product cycle, reducing incremental capital required per platform and accelerating the transition from build to revenue as commercialization scales. These capabilities are now moving from demonstration into deployable products and services. So here are our key areas to watch over the next 12 to 18 months. LS-4 and LS-5 are in production as software-defined satellites with advanced onboard AI processing and Fortis VPX, enabling on-orbit data processing, autonomy and mission adaptability. The Fortis VPX platform is beginning customer deployment, marking a key step in commercializing ruggedized multi-domain compute solutions. We're increasing our focus on defense opportunities as demand grows and the convergence between commercial space and national security accelerates. And our collaboration with Simera Sense and other international agencies and partners is advancing AI-enabled software-defined hyperspectral imaging to support more responsive and intelligence-driven earth observation. Together, all these efforts reflect our continued focus on scaling advanced adaptable technologies across both commercial and defense markets. I want to personally thank our team, our partners and our investors for your continued support and confidence. We appreciate you taking the time to join us today. We remain laser-focused on execution, cost discipline and innovation and look forward to the next phase of growth for both Sidus and the broader space industry. Thank you. Operator: The conference has now concluded. Thank you for attending today's presentation. You may now disconnect. Before you buy stock in Sidus Space, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Sidus Space wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. 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Demonstrates On-Orbit Execution, Improves Financial Performance, and Advances Flight Ready Technology Portfolio CAPE CANAVERAL, Fla., May 14, 2026 /PRNewswire/ -- Sidus Space, Inc. (NASDAQ: SIDU), (the "Company" or "Sidus"), an innovative space and defense technology company, today announced its financial results for the first quarter ended March 31, 2026, and provided a business update highlighting continued on-orbit execution, progress across customer payloads and disciplined financial management. The Company will host a conference call and webcast today, Thursday, May 14, at 5:00 p.m. Eastern Time. "During the first quarter, we continued to execute our technical roadmap while maintaining disciplined cost control," said Carol Craig, Founder and Chief Executive Officer of Sidus Space. "We delivered high-resolution imagery from LizzieSat-3, advanced customer payload commissioning, and finalized flight ready configurations for next generation systems planned for LizzieSat-4 and LizzieSat-5. These milestones strengthen our on-orbit heritage and position Sidus to support future missions while remaining focused on responsible capital allocation and operational execution." Operational Highlights for the Quarter Ending March 31, 2026: Delivered initial imagery from HEO USA's non-Earth imaging camera aboard LizzieSat-3, including sub 5-meter resolution imagery, as part of ongoing payload commissioning and an important step along the path toward initiating subscription-based data service delivery following completion of commissioning Expanded agreement with Lonestar Data Holdings to build an additional StarVault orbital data storage payload Achieved integration milestone with Maris-Tech Ltd. (NASDAQ: MTEK) on its AI-based edge computing payload, scheduled to launch aboard LizzieSat -4 Signed a Memorandum of Understanding (MOU) with Simera Sense to advance AI-enabled hyperspectral imaging capabilities Finalized the Fortis VPX Command and Data Handling platform for integration on to LizzieSat-4 and LizzieSat-5, establishing on-orbit heritage for the Company's next generation spacecraft computing architecture Appointed Kelle Wendling, a senior aerospace and defense executive, to the Board of Directors Subsequent Operational Highlights: Completed best-efforts registered direct offering on April 21, 2026, generating gross proceeds of $58.5 million, further strengthening the Company's liquidity position Announced planned Chief Financial Officer (CFO) transition subsequent to quarter end: current CFO expected to depart effective June 1, 2026, with John Burke appointed Interim Chief Financial Officer effective the same date while the Company conducts a comprehensive search for a permanent CFO. Financial Highlights for the First Quarter Ending March 31, 2026: Revenue: $359,000, an increase of 51% compared to $238,000 in Q1 2025, driven by new customer contracts including Lonestar Data Holdings and Teledyne Marine Cost of Revenue: $1.4 million, a 25% decrease compared to $1.9 million in Q1 2025, reflecting lower depreciation and improved manufacturing cost discipline Gross Profit (Loss): Gross loss of $1.1 million, a 36% improvement from a gross loss of $1.6 million in Q1 2025 Selling, General and Administrative Expenses (SG&A) Expenses: $4.4 million, consistent with $4.4 million in Q1 2025 Adjusted EBITDA (Non-GAAP): Loss of $4.6 million, as compared to a $4.7million loss in Q1 2025 Net Loss: $5.2 million, an improvement of $1.2 million, or 19%, as compared to Q1 2025 Cash Position: $27.3 million as of March 31, 2026, with no outstanding term debt Conference Call and Webcast Event: Sidus Space First Quarter Financial Results Conference Call Date: Thursday, May 14, 2026 Time: 5:00 p.m. Eastern Time Live Call: + 1-866-652-5200 (U.S. Toll-Free) or +1-412-317-6060 (International) Webcast: https://app.webinar.net/3lBO1a4r6ZQ For interested individuals unable to join the conference call, a dial-in replay of the call will be available until Thursday, May 21, 2026, at 11:59 P.M. ET and can be accessed by dialing +1-855-669-9658 (U.S. Toll-Free) or +1-412-317-0088 (International) and entering replay pin number: 3323981. An online archive of the webcast will be available for one year following the event at https://investors.sidusspace.com/. About Sidus Space Sidus Space, Inc. (NASDAQ: SIDU) is an innovative space and defense technology company offering flexible, cost-effective solutions, including satellite manufacturing and technology integration, AI-driven space-based data solutions, mission planning and management operations, AI/ML products and services, and space and defense hardware manufacturing. With its mission of Space Access Reimaginedﾮ, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space system and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSatﾮ, Sidus Space serves government, defense, intelligence, and commercial companies around the globe. Strategically headquartered on Florida's Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration, and testing facility and provides easy access to nearby launch facilities. For more information, visit: https://www.sidusspace.com Forward-Looking Statements Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute 'forward-looking statements' within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'target,' 'will,' 'would' and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors described more fully in the section entitled 'Risk Factors' in Sidus Space's Annual Report on Form 10-K for the year ended December 31, 2025, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Non-GAAP Measures To provide investors with additional information in connection with our results as determined in accordance with GAAP, we use non-GAAP measures of adjusted EBITDA. We use adjusted EBITDA in order to evaluate our operating performance and make strategic decisions regarding future direction of the company since it provides a meaningful comparison to our peers using similar measures. We define adjusted EBITDA as net income (as determined by U.S. GAAP) adjusted for interest expense, depreciation and amortization expense, capital raise expense, severance costs, equity-based compensation and impairment loss. These non-GAAP measures may be different from non-GAAP measures made by other companies since not all companies will use the same measures. Therefore, these non-GAAP measures should not be considered in isolation or as a substitute for relevant U.S. GAAP measures and should be read in conjunction with information presented on a U.S. GAAP basis. The following table reconciles adjusted EBITDA to net loss (the most comparable GAAP measure) for the three months ended March 31, 2026 and 2025: Contacts: Investor Relations [email protected] Media Inquiries [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/sidus-space-reports-first-quarter-2026-financial-results-with-q1-year-over-year-improvement-in-revenue-and-gross-margin-302772921.html

Image source: The Motley Fool. Thursday, May 14, 2026 at 5 p.m. ET Chairwoman and Chief Executive Officer — Carol Craig Chief Financial Officer — Adarsh Parekh Need a quote from a Motley Fool analyst? Email [email protected] Operator: Good evening, and welcome to the Sidus Space First Quarter 2026 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Adarsh Parekh, Chief Financial Officer. Please go ahead. Adarsh Parekh: Good evening, everyone, and thank you for joining us for Sidus Space's First Quarter 2026 Earnings Conference Call. Joining us today from the company is Carol Craig, Chairwoman and Chief Executive Officer; and myself, Adarsh Parekh, Chief Financial Officer. During today's call, we may make certain forward-looking statements. These statements are based on our current expectations with respect to the future of our business, the economy and other events 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. We also expect to discuss certain financial measures and information that are non-GAAP measures as defined in the applicable SEC rules and regulations. Reconciliations to the company's GAAP measures are included in the Management's Discussion and Analysis of Financial Conditions and Results of Operations within Sidus' quarterly report on Form 10-Q for the period ended March 31, 2026. 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 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. At this time, I would like to turn the call over to Carol. Carol, please go ahead. Carol Craig: Good evening, and thank you for joining us. I want to start by saying that the first quarter of 2026 reflects continued progress as we translate several years of development into operational capabilities supporting both space and defense missions across multiple domains. Our team has remained focused on disciplined execution, advancing our next-generation satellite builds, expanding our technology platforms and delivering on customer commitments. For those who may be new to our story, Sidus was founded as an agile and vertically integrated company to deliver high-quality, cost-effective end-to-end space and defense solutions for multi-domain operations, integrating satellite design, manufacturing and on-orbit operations with advanced computing and data capabilities. Over the past several years, we have made disciplined investments in our technology stack, operating infrastructure and workforce to support our mission and strengthen our position as a provider of scaled space and defense technology capabilities and data-driven solutions. We are now seeing those efforts materialize into tangible mission-ready capabilities. Today, Sidus is a proven U.S.-based vertically integrated space and defense technology company, delivering end-to-end satellite infrastructure, space and defense-grade hardware and AI-enabled data platforms. From quarter-to-quarter, our progress has been supported by continued momentum and expanding activity across the commercial space sector. Most recently, the successful Artemis II mission was splashed down in April marks the first crewed flight beyond low earth orbit in more than 50 years and reinforce the viability of the cislunar economy where Sidus is well positioned. More broadly, there is sustained investment across commercial space, expanding national security priorities and a growing demand for space-based data and resilient compute architectures, which all align with the capabilities we have built. The market is seeing meaningful investor attention return to the commercial space sector, including a much anticipated public listing of a major peer, which could be the largest IPO in history. As a nimble small cap player, we benefit from this rising tide while focusing on specialized opportunities that complement larger players. The first quarter of 2026 saw record investment in the commercial space industry. This strategy is not theoretical. The strongest validation of our technology is not what we say, but what our systems are doing operationally. With multiple satellites on orbit, Sidus is progressing into a new phase, where our focus shifts from proving technical capabilities to executing and operating mission-ready platforms for our customers. We successfully launched 3 LizzieSat satellites between March 2024 and March 2025, each one building upon the last and demonstrating increased capability across design, operations and mission performance. Together, these missions validate our platform, strengthen our credibility and support our transition to commercialization and most importantly, revenue. Turning to our on-orbit fleet. LizzieSat-2, operating in equatorial inclination, remained in commissioning during the quarter with continued system checks and communication passes supporting readiness activities. LizzieSat-3 successfully completed full bus level commissioning and progressed through payload level commissioning activities during the quarter. The satellite continued to collect AIS data and advanced on-orbit testing of customer payloads, including HEO USA's non-earth imaging camera. In March, we achieved a meaningful technical milestone with the receipt of initial imagery from the HEO camera aboard LS3, demonstrating sub-5-meter resolution. This represented an important step in the commissioning process and along the path toward initiating subscription-based data service delivery following completion of commissioning. Our mission control center now in its third year of full 24/7 operations continues to support satellite operations, collection management and data distribution for our own fleet with capacity to support additional customer satellite constellations. Throughout the first quarter, we continued to advance Sidus' Fortis VPX platform, our modular computing system for challenging and constrained environments. Fortis includes a SOSA aligned single-board computer and a precision navigation and timing module designed for GPS-denied environments. We're currently engaged with multiple commercial customers and defense prime contractors who are evaluating Fortis VPX for satellite payload processing, unmanned systems and ground-based computing. Converting these evaluations into commercial revenue is a near-term priority for our business development team. These capabilities position us across both commercial and defense markets. Our award under the Missile Defense Agency 10-year SHIELD IDIQ contract remains an important pathway for our satellite onboard processing and modular compute capabilities. SHIELD is part of the broader Golden dome missile defense strategy designed to deliver capabilities faster through digital engineering, open systems architectures and AI where appropriate. National security is a growing priority with substantial funding with an increased DoD investment in space defense. We are preparing to pursue task orders on this contract and our strengthened balance sheet positions us competitively for these high-value national security programs. We also expanded our existing agreement with Lonestar Data Holdings to build and deliver an additional StarVault Orbital data storage payload. This expansion reflects Lonestar's continued progress towards scaling its Orbital data storage architecture. Sidus is currently building the first StarVault payload, which is scheduled to launch no earlier than spring 2027 aboard LS4. Looking at the year ahead, our strategic priorities in the near term are focused on 2 of our core areas, compute hardware and satellites. Our operational execution remains focused on continuous improvement, disciplined resource alignment and scaling capabilities with a structured and intentional go-to-market approach to drive customer adoption and revenue generation. While we have been intentional and disciplined in how we deploy capital, we have built a full technology stack spanning hardware, software and data, primarily through internal development, complemented by a small, highly targeted acquisition of Exo-Space in 2023, which formed the foundation of our Orlaith AI Ecosystem. Unlike some competitors that pursue multi-domain capability through large debt finance acquisitions, we built these capabilities with a disciplined approach, leveraging a decade and a half of heritage experience while maintaining a clean balance sheet and retaining full control over our intellectual property. With regard to our satellite platform, one of the key advantages of our LizzieSat architecture is that it is software-defined, meaning capabilities are not fixed at launch. Over the past year, we've demonstrated this advantage by deploying autonomous navigation software and commissioning FeatherEdge 100i entirely on orbit, delivering capability upgrades to an operational asset without additional hardware or launch costs. This model allows us to extend mission utility and adapt to changing requirements over time while maintaining a more efficient approach to capability upgrades. In parallel, we continue to advance our next-generation satellite builds, including LS4 and LS5, which are being developed as software-defined platforms, incorporating enhanced capabilities such as laser communications and software-defined hyperspectral imaging. This architecture is designed to provide customers, including international partners such as the Netherlands Organization, or TNO, with the ability to adapt mission requirements on orbit. During the fourth quarter, we achieved an integration milestone with Maris-Tech, whose advanced edge computing and video processing payload is scheduled to fly on LS4. We also formalized our strategic collaboration with Simera Sense during the quarter through a memorandum of understanding to advance AI-enabled hyperspectral imaging focused on enabling near real-time intelligence-driven earth observation capabilities. During the quarter, we also strengthened our governance with the appointment of Kelle Wendling to our Board of Directors. Kelle brings more than 3 decades of executive leadership and government contracting experience across space systems, ISR and FAA markets. Her perspective will be valuable as we scale our space and defense offerings. Building on the capital raises completed during 2025, we continue to invest in key technology development, especially related to compute hardware, including our dual-use Fortis VPX product line while maintaining a disciplined approach to operating expenses as we scale. Subsequent to quarter end, we announced continued advancements to our Fortis Command and data handling platform through a strategic collaboration with Microchip Technology. Microchip's space-grade flight-proven semiconductor technologies allow us to develop systems faster. They reduce integration complexity and shorten the path from design to mission-ready hardware. As we move forward, this operational transition informs how we think about scalability, margin durability and capital efficiency. And with that, I'll turn the call over to Adarsh for our financial review. Adarsh Parekh: Thank you, Carol. At Sidus, we continue to build a scalable, vertically integrated company across space, technology and artificial intelligence. Our focus remains on operational excellence, rapid innovation and delivering cost-effective, high-impact solutions for our customers. Our investments to date have centered on expanding our satellite fleet, advancing innovation and implementing a robust ERP system to support scale and profitability. Momentum from full year 2025 carried into the first quarter of 2026, which continues to reflect both our transition to commercialization of dual-use multi-domain products and the near-term financial impacts of scaling a deep tech space-based enterprise. Our rich space and defense heritage positions us to take advantage of opportunities across multiple sectors with a combined focus on commercial space innovations and national defense priorities. Let's review our results for the 3 months ended March 31, 2026. Total revenue for the first quarter of 2026 was approximately $359,000 compared to $238,000 in the first quarter of 2025. This reflects an increase of 51% and was primarily driven by the addition of new customer contracts, including Lonestar Data Holdings and Teledyne Marine. The impact of milestone-based revenue recognitions also influenced year-over-year performance and comparison. Cost of revenue for the first quarter of 2026 was $1.4 million, a decrease of 25% from $1.9 million in the first quarter of 2025. The decrease was primarily driven by lower satellite and related software depreciation expense and improved cost discipline in the manufacturing side of our business. Gross loss for the first quarter of 2026 was $1.1 million compared to a gross loss of $1.6 million in the first quarter of 2025, an improvement of 36%. The improvement was driven primarily by higher revenue and lower satellite and related software depreciation costs. When adding back depreciation included in cost of revenue, gross loss for the quarter was $531,000 compared to $792,000 in the first quarter of 2025. Selling, general and administrative expenses for the first quarter of 2026 were $4.4 million, essentially flat compared to $4.4 million in the first quarter of 2025. We view this as a meaningful indicator of cost discipline. We have held operating expense effectively constant while continuing to support a broader scope of programs, mature on-orbit operations and an expanded sales and business development effort. To provide a broader view of our performance, we also report adjusted EBITDA, a non-GAAP measure we use internally to guide strategic decision-making. Adjusted EBITDA loss for the first quarter of 2026 was $4.6 million compared to $4.7 million in the first quarter of 2025, essentially flat period-over-period. The reconciliation, including interest, depreciation and amortization, fundraising costs, severance and equity-based compensation is included in our quarterly report on Form 10-Q. Net loss for the first quarter of 2026 was $5.2 million compared to net loss of $6.4 million in the first quarter of 2025, an improvement of $1.2 million or 19%. The improvement also reflects the swing in other income and expense to net income this quarter, primarily driven by the elimination of asset-based loan expense following the payoff of the loan in January and by increased interest income from cash holdings. Turning to the balance sheet. We entered 2026 with $43.2 million in cash and no outstanding term debt, a meaningful distinction in an industry where many peers continue to carry substantial debt obligations and the associated interest burden. As of March 31, 2026, we had $27.3 million in cash. During the first quarter, we used cash to support operations, ongoing satellite production and the full repayment of our asset-backed line of credit in January, which has eliminated the associated interest expense going forward and further simplified our capital structure. Subsequent to quarter end, on April 21, 2026, we closed a best efforts registered direct offering, generating gross proceeds of $58.5 million. The company intends to use the net proceeds for working capital and general corporate purposes. This offering materially strengthens our liquidity position and gives us the financial flexibility to deploy capital toward optimizing growth, mitigating risk to critical milestones and driving operating efficiencies as we scale. Taken together, we believe the capital we have raised, combined with the operating discipline reflected in this quarter's results, materially strengthens our balance sheet and reduces our near-term financing risk. This gives us the financial flexibility to execute on our growth strategy and continue investing in platforms and product lines we expect to drive recurring revenue in the periods ahead. As we move forward, we continue to manage cash conservatively while making strategic investments in our next-generation satellite builds and high-growth product lines. We have implemented meaningful cost reduction activities and operating efficiencies to support long-term profitability, and we remain focused on driving sustainable growth in the periods ahead. With that, I'll hand the call back to Carol for closing remarks. Carol Craig: Thank you, Adarsh. Each capital raise we've undertaken has been guided by a clear purpose to strengthen the balance sheet, fund the technology development required to support our growth and position the company to compete for the larger commercial and defense programs that we believe represent the most meaningful long-term opportunities. Sidus has raised materially less capital than many public peers while achieving milestones that include satellite launches, on-orbit operations, vertically integrated manufacturing, proprietary computing and AI architectures and a growing patent portfolio. Importantly, we achieved these milestones through organic development alone, building, proving and retaining ownership of every capability in our portfolio. Following the recent successful raise of significant capital, we are now positioned to evaluate and potentially pursue strategic investments that could strengthen our core capabilities, expand our technology stack and accelerate market access across key defense and commercial segments. Any such effort will be guided by a disciplined focus on economic merits and clear pathways to revenue growth and margin expansion. The capital we've raised also enables accelerated product development and expanded customer pipeline and the pursuit of larger contracts aligned with our growth strategy. As Sidus continues to strengthen its balance sheet, expand its operational footprint and execute against a growing number of strategic opportunities across the space and defense sectors, the financial and operational complexity of the business has increased significantly. The company is entering its next phase of growth with greater emphasis on scalable financial operations, capital market strategy, long-term planning, government contracting infrastructure and support for a multifaceted commercial and defense business model. Looking ahead, our focus is on translating the platforms and capabilities we have built into recurring revenue and durable margins. We remain committed to disciplined capital allocation, cost discipline and execution. I want to personally thank our team, our partners and our investors for your continued support and confidence. Thank you again for joining us on the call today. We look forward to updating you on our progress as the year continues. Thank you. Operator: The conference has now concluded. Thank you for attending today's presentation. You may now disconnect. Before you buy stock in Sidus Space, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Sidus Space wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. 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As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Sidus Space (SIDU) Q1 2026 Earnings Transcript was originally published by The Motley Fool

This article first appeared on GuruFocus. Release Date: May 14, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Sidus Space Inc (NASDAQ:SIDU) reported a 51% increase in total revenue for Q1 2026 compared to Q1 2025, driven by new customer contracts. The company successfully launched three LizzySat satellites, demonstrating increased capability and supporting the transition to commercialization. Sidus Space Inc (NASDAQ:SIDU) achieved a significant technical milestone with initial imagery from the HEO camera aboard LS-3, showcasing sub-five meter resolution. The company maintained a strong balance sheet with $27.3 million in cash and no outstanding term debt as of March 31, 2026. Sidus Space Inc (NASDAQ:SIDU) expanded its agreement with Lone Star Data Holdings, reflecting progress in scaling orbital data storage architecture. Despite revenue growth, Sidus Space Inc (NASDAQ:SIDU) reported a net loss of $5.2 million for Q1 2026, though this was an improvement from the previous year. The cost of revenue was $1.4 million, indicating ongoing expenses related to satellite production and operations. The company faced a gross loss of $1.1 million, although this was an improvement from the previous year's gross loss. Selling, general, and administrative expenses remained flat at $4.4 million, indicating challenges in reducing operational costs. Sidus Space Inc (NASDAQ:SIDU) continues to face risks and uncertainties related to customer demand, supply chain delays, and extended sales cycles. Warning! GuruFocus has detected 6 Warning Signs with SIDU. Is SIDU fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide an overview of Sidus Space's recent achievements and strategic focus? A: Carol Craig, Chairwoman and CEO, highlighted that Sidus Space has made significant progress in translating years of development into operational capabilities for space and defense missions. The company has successfully launched multiple satellites, including the LizzySat series, and is focusing on expanding its technology platforms and delivering on customer commitments. The strategic priorities include advancing next-generation satellite builds and scaling capabilities with a disciplined go-to-market approach. Q: How has Sidus Space's financial performance been in the first quarter of 2026? A: Adarsh Parekh, CFO, reported that Sidus Space's total revenue for Q1 2026 was approximately $359,000, a 51% increase from the previous year. The company achieved a gross loss improvement of 36% and maintained flat selling, general, and administrative expenses, indicating cost discipline. The net loss improved by $1.2 million compared to Q1 2025, driven by higher revenue and lower depreciation costs. Q: What are the key technological advancements and partnerships Sidus Space is focusing on? A: Carol Craig mentioned that Sidus Space is advancing its Fortis BPX platform, a modular computing system for challenging environments, and has expanded its agreement with Lone Star Data Holdings for additional Star Vault orbital data storage payloads. The company is also collaborating with Microchip Technology to enhance its Fortis command and data handling platform, leveraging space-grade semiconductor technologies for faster system development. Q: How is Sidus Space positioned in the commercial and defense markets? A: Sidus Space is positioned as a vertically integrated space and defense technology company, delivering end-to-end satellite infrastructure and AI-enabled data platforms. The company is engaged with commercial customers and defense prime contractors, evaluating its Fortis BPX for various applications. Sidus is also preparing to pursue task orders under the Missile Defense Agency's SHIELD IDIQ contract, aligning with national security priorities. Q: What are Sidus Space's plans for future growth and capital allocation? A: Carol Craig emphasized that Sidus Space is focused on disciplined capital allocation and cost discipline to support growth. The company plans to use recent capital raises to strengthen its balance sheet, fund technology development, and pursue strategic investments that expand its core capabilities. The goal is to translate existing platforms and capabilities into recurring revenue and durable margins, with a focus on scalable financial operations and long-term planning. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Sidus Space, Inc.? Here are five stocks we like better. Sidus Space reported Q1 revenue of about $359,000, up 51% year over year, while narrowing its net loss to $5.2 million from $6.4 million. Management said the improvement reflects better cost control and progress moving from technology development toward commercialization. The company highlighted continued progress on its LizzieSat satellite fleet, including commissioning work on LizzieSat-2 and LizzieSat-3. Sidus also said it received initial imagery from the HEO camera on LizzieSat-3, a milestone that supports future subscription-based data services. Sidus is focusing near term on Fortis VPX compute hardware and next-generation satellites like LS-4 and LS-5, while pursuing defense and commercial opportunities. The company also strengthened its balance sheet with a $58.5 million post-quarter capital raise, giving it more liquidity to fund growth and reduce execution risk. 5 Drone and Defense Stocks Catching Major Momentum in 2026 Sidus Space (NASDAQ:SIDU) reported higher first-quarter revenue and a narrower net loss as management said the company is moving from technology development toward commercialization of its satellite, computing and data platforms. On the company’s first-quarter 2026 earnings call, Chairwoman and Chief Executive Officer Carol Craig said the quarter reflected “continued progress” as Sidus translated several years of development work into operational capabilities supporting space and defense missions. She said the company remains focused on advancing next-generation satellite builds, expanding technology platforms and delivering on customer commitments. → Micron Investors Face a High-Stakes Moment After the Latest Rally Sidus Space Breaks Into the $151B Golden Dome Defense Buildout Craig described Sidus as a U.S.-based, vertically integrated space and defense technology company with capabilities spanning satellite design, manufacturing, on-orbit operations, advanced computing and data platforms. She said the company is benefiting from broader momentum in commercial space, expanding national security priorities and demand for space-based data and resilient computing architectures. Chief Financial Officer Adarsh Parekh said total revenue for the first quarter ended March 31, 2026, was approximately $359,000, up 51% from $238,000 in the first quarter of 2025. He said the increase was primarily driven by new customer contracts, including Lonestar Data Holdings and Teledyne Marine, while milestone-based revenue recognition also affected year-over-year comparisons. → How Bad Could Tesla’s Cybertruck Recall Be for Shares? Is Sidus Space about to launch its share price into reversal? Cost of revenue declined 25% to $1.4 million from $1.9 million a year earlier, which Parekh attributed mainly to lower satellite and related software depreciation expense and improved cost discipline in manufacturing. Sidus reported a gross loss of $1.1 million, compared with a gross loss of $1.6 million in the prior-year quarter, an improvement of 36%. Excluding depreciation included in cost of revenue, gross loss was $531,000, compared with $792,000 in the first quarter of 2025. → Reading the Stripes: Is The Industrial Recession Over? Selling, general and administrative expenses were $4.4 million, essentially unchanged from the year-earlier period. Parekh called that a “meaningful indicator of cost discipline,” saying Sidus held operating expenses effectively constant while supporting a broader scope of programs, more mature on-orbit operations and an expanded sales and business development effort. Adjusted EBITDA loss, a non-GAAP measure, was $4.6 million, compared with an adjusted EBITDA loss of $4.7 million in the first quarter of 2025. Net loss improved to $5.2 million from $6.4 million a year earlier, a reduction of $1.2 million, or 19%. Craig said Sidus has launched multiple LizzieSat satellites between March 2024 and March 2025, with each mission demonstrating increased capability across design, operations and mission performance. She said those missions support the company’s transition toward commercialization and revenue generation. During the first quarter, LizzieSat-2, operating at an equatorial inclination, remained in commissioning with continued system checks and communication passes. LizzieSat-3 completed full bus-level commissioning and advanced through payload-level commissioning activities, while continuing to collect AIS data and test customer payloads, including HEO USA’s non-Earth imaging camera. Craig said Sidus reached a technical milestone in March with the receipt of initial imagery from the HEO camera aboard LizzieSat-3, demonstrating sub-5-meter resolution. She said the achievement was an important step toward starting subscription-based data services after commissioning is complete. The company’s mission control center, now in its third year of full 24/7 operations, continues to support satellite operations, collection management and data distribution for Sidus’ fleet, with capacity to support additional customer satellite constellations, Craig said. Craig said Sidus’ near-term strategic priorities are focused on two areas: compute hardware and satellites. The company continued to advance its Fortis VPX platform, a modular computing system designed for challenging and constrained environments. The platform includes a SOSA-aligned single-board computer and a precision navigation and timing module for GPS-denied environments. Craig said Sidus is engaged with multiple commercial customers and defense prime contractors evaluating Fortis VPX for satellite payload processing, unmanned systems and ground-based computing. Converting those evaluations into commercial revenue is a near-term priority, she said. Sidus also remains positioned under the Missile Defense Agency’s 10-year SHIELD IDIQ contract, which Craig described as a pathway for the company’s satellite, onboard processing and modular compute capabilities. She said Sidus is preparing to pursue task orders under the contract. The company is also advancing LS-4 and LS-5 as next-generation software-defined satellite platforms, incorporating capabilities such as laser communications and software-defined hyperspectral imaging. Craig said the architecture is intended to let customers, including international partners such as the Netherlands Organisation for Applied Scientific Research, adapt mission requirements on orbit. During the quarter, Sidus achieved an integration milestone with Maris-Tech, whose edge computing and video processing payload is scheduled to fly on LS-4. The company also signed a memorandum of understanding with Simera Sense to advance AI-enabled hyperspectral imaging for near real-time intelligence-driven Earth observation capabilities. Parekh said Sidus entered 2026 with $43.2 million in cash and no outstanding term debt. As of March 31, 2026, the company had $27.3 million in cash. First-quarter cash use supported operations, satellite production and full repayment of an asset-backed line of credit in January, which Parekh said eliminated related interest expense and simplified the capital structure. After the quarter ended, Sidus closed a registered direct offering on April 21, 2026, generating gross proceeds of $58.5 million. Parekh said the company intends to use the net proceeds for working capital and general corporate purposes. He said the offering strengthens liquidity and provides flexibility to support growth, reduce risk around critical milestones and improve operating efficiency. Craig said the company’s capital raises have been aimed at strengthening the balance sheet, funding technology development and positioning Sidus to compete for larger commercial and defense programs. She added that Sidus may evaluate strategic investments that could strengthen core capabilities, expand its technology stack and accelerate market access, provided they meet disciplined economic criteria and offer clear paths to revenue growth and margin expansion. Looking ahead, Craig said Sidus is focused on turning its platforms and capabilities into recurring revenue and durable margins while maintaining disciplined capital allocation, cost control and execution. Sidus Space Inc (NASDAQ: SIDU) is an end-to-end space-as-a-service company headquartered in Houston, Texas. The firm provides mission design, spacecraft manufacturing, ground segment infrastructure and mission operations through a turnkey approach tailored to commercial and government customers. Sidus leverages its integrated supply chain to support client missions from concept development through data delivery. The company’s product offerings include small satellite buses, flight computers, payload integration services and proprietary ground control software, supplemented by cloud-based data processing and analytics tools. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Sidus Space Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for May 2026.