---
title: "Sidus Space Shares Slide Despite Narrowed Q1 Loss"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286576209.md"
description: "Sidus Space Inc (SIDU) reported a narrowed Q1 loss of $5.2 million, a 19% improvement year-over-year, with revenue up 51% to over $359,000. Despite these gains, shares fell 9.02% to $3.33 in pre-market trading. The company announced a CFO transition for June 1, 2026, and highlighted operational milestones, including successful imagery delivery from LizzieSat-3. Sidus ended Q1 with $27.3 million in cash and no term debt."
datetime: "2026-05-15T13:27:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286576209.md)
  - [en](https://longbridge.com/en/news/286576209.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286576209.md)
---

# Sidus Space Shares Slide Despite Narrowed Q1 Loss

**Sidus Space Inc ( SIDU )** reported its first-quarter financial results late Thursday, revealing year-over-year revenue growth and an improved bottom line. Despite these metrics, the stock is trading lower Friday morning.

-   Sidus Space ( SIDU ) shares are sliding. What’s weighing on SIDU shares?

## **Operational Milestones And Updates**

For the quarter ending March 31, Sidus posted a net loss of $5.2 million, a 19% improvement from last year. Earnings per share registered at a loss of 8 cents, up from a 35 cent loss in the first quarter of 2025. The company generated over $359,000 in sales, a 51% increase driven by new customer contracts. Gross loss improved by 36% to $1.1 million.

Operationally, Sidus highlighted the successful delivery of initial imagery from LizzieSat-3. The company expanded its agreement with **Lonestar Data Holdings** for an additional orbital data storage payload. Furthermore, a CFO transition is planned for June 1, 2026, with **John Burke** appointed as the interim chief financial officer while the company conducts a comprehensive search.

Following a registered direct offering in April, Sidus bolstered its liquidity , having already ended the first quarter with $27.3 million in cash and no outstanding term debt.

## SIDU Shares Slide Friday Morning

**SIDU Price Action:** Sidus Space ( SIDU ) shares were down 9.02% at $3.33 during pre-market trading on Friday, according to Benzinga Pro data.

**Read Also: Stock Market Today: Dow Jones, S&P 500 Futures Drop As Trump Concludes China Visit—Figma, Dlocal, Winnebago Industries In Focus**

_Image: Shutterstock_

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