Sidus Space Q1 revenue rises driven by new customer contracts

Sidus Space

14/05/2026 23:32

Overview

U.S. space tech firm's Q1 revenue grew 51% yr/yr, driven by new customer contracts

Gross loss for Q1 improved 36% yr/yr, reflecting lower depreciation and manufacturing costs

Company reported an adjusted EBITDA loss of $4.6 million, as compared to a $4.7million loss in Q1 2025

Outlook

Company did not provide specific financial or operational guidance for future periods

Result Drivers

NEW CUSTOMER CONTRACTS - Revenue growth was driven by new contracts, including with Lonestar Data Holdings and Teledyne Marine

COST DISCIPLINE - Lower depreciation and improved manufacturing cost control contributed to reduced cost of revenue

TECHNOLOGY MILESTONES - Progress in delivering imagery from LizzieSat-3 and advancing customer payload commissioning supported operational execution

Company press release: ID:nPn8KCLVca

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
-$0.08


Analyst Coverage

Wall Street's median 12-month price target for Sidus Space Inc is $10.00, about 173.2% above its May 14 closing price of $3.66

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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.)