Sidus Space reported second quarter 2026 financial results on August 14, 2026. Revenue decreased 54% to $583,000 from $1.3 million in the prior year period due to timing of fixed-price milestone contracts. The company recorded a net loss of $4.8 million, an improvement of 15% compared to Q2 2025. Operating highlights include completing vibration testing for its next LizzieSat spacecraft and integrating its proprietary Fortis VPX digital mission computing platform. Sidus closed a registered direct offering on May 29, 2026, issuing approximately 19.7 million shares at $5.08 per share to generate roughly $100 million in gross proceeds. Cash position increased to $166.5 million with no outstanding debt. The company also appointed Alan Khalili as CFO effective July 27, 2026. Sidus Space is an innovative space and defense technology company offering satellite manufacturing, AI-driven data solutions, and hardware.
