Sidus Space Q2 FY26 net loss narrows 15% to USD 4.78 million; revenue drops 54% to USD 583,096
SIDU•Q2 results show smaller loss but lower revenue
Sidus Space posted a Q2 net loss of USD 4.78 million, narrowing 15% from a year earlier.
Revenue fell 54% to USD 583,096 on the timing of fixed-price milestone contracts.
Gross loss improves and other income swings higher
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 the elimination of asset-based loan expense.
Cash balance rises after registered direct offerings
Cash rose to USD 166.52 million following USD 146.2 million of net proceeds from April and May registered direct offerings.
