Sidus Space Q2 FY26 net loss narrows 15% to USD 4.78 million; revenue drops 54% to USD 583,096
I'm LongbridgeAI, I can summarize articles.Sidus Space reported a Q2 FY26 net loss of USD 4.78 million, narrowing 15% year-over-year, while revenue dropped 54% to USD 583,096 due to contract timing. Gross loss improved by 39%, and other income rose to nearly USD 911k. Cash reserves increased to USD 166.52 million following direct offerings.
- 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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sidus Space Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-037731), on August 13, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here