Sidus Space Q2 FY26 net loss narrows 15% to USD 4.78 million; revenue drops 54% to USD 583,096
Reuters2026/08/13 20:04- Sidus Space posted Q2 net loss of USD 4.78 million, narrowing 15% from a year earlier.
- Revenue fell 54% to USD 583,096 on timing of fixed-price milestone contracts.
- Gross loss improved 39% to USD 629,723 due to lower satellite and related software depreciation costs.
- Other income swung to USD 910,978 on USD 912,000 of interest income, aided by elimination of asset-based loan expense.
- Cash rose to USD 166.52 million following USD 146.2 million of net proceeds from April and May registered direct offerings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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