Satellite maker Sidus Space's Q2 revenue falls on contract timing
SIDU•Outlook
- The company said its focus for the remainder of the year is converting foundation into recurring revenue.
Q2 results
- U.S. space tech firm's Q2 revenue declined 54% year over year, driven by contract timing.
- Adjusted EBITDA loss widened, but net loss improved 15% compared with Q2 2025.
- Company raised $100 million, ending Q2 with $166.5 million cash and no term debt.
| Metric | Actual |
|---|---|
| Q2 loss per share | $0.06 |
Result drivers
- The company said the Q2 revenue decline was driven by the timing of fixed-price milestone contracts.
- Cost of revenue fell 47% due to lower contract activity and reduced satellite and software depreciation.
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.
