Satellite maker Sidus Space's Q2 revenue falls on contract timing

Sidus Space

14/08/2026 21:58

Overview
U.S. space tech firm's Q2 revenue declined 54% yr/yr, driven by contract timing
Adjusted EBITDA loss widened, but net loss improved 15% compared to Q2 2025
Company raised $100 mln, ending Q2 with $166.5 mln cash and no term debt

Outlook
Company says focus for remainder of year is converting foundation into recurring revenue

Result Drivers
CONTRACT TIMING - Co said Q2 revenue decline was driven by timing of fixed-price milestone contracts
LOWER CONTRACT ACTIVITY - Cost of revenue fell 47% due to lower contract activity and reduced satellite and software depreciation

Company press release: ID:nPn1zQLrKa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Loss Per Share
 
$0.06
 

Analyst Coverage
Wall Street's median 12-month price target for Sidus Space Inc is $10.00, about 293.7% above its August 13 closing price of $2.54

Reuters Recommended Reads
Aug 13 - York Space Q2 revenue up on government programs; cuts FY outlook
Aug 13 - Intuitive Machines Q2 revenue jumps on spacecraft production
Aug 13 - Gemini Space Station Q2 revenue surges on services growth

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)