Sidus Space Q1 revenue rises driven by new customer contracts

Sidus Space

Sidus Space

SIDU

0.00


Overview

  • U.S. space tech firm's Q1 revenue grew 51% yr/yr, driven by new customer contracts

  • Gross loss for Q1 improved 36% yr/yr, reflecting lower depreciation and manufacturing costs

  • Company reported an adjusted EBITDA loss of $4.6 million, as compared to a $4.7million loss in Q1 2025


Outlook

  • Company did not provide specific financial or operational guidance for future periods


Result Drivers

  • NEW CUSTOMER CONTRACTS - Revenue growth was driven by new contracts, including with Lonestar Data Holdings and Teledyne Marine

  • COST DISCIPLINE - Lower depreciation and improved manufacturing cost control contributed to reduced cost of revenue

  • TECHNOLOGY MILESTONES - Progress in delivering imagery from LizzieSat-3 and advancing customer payload commissioning supported operational execution


Company press release: ID:nPn8KCLVca


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 EPS

-$0.08


Analyst Coverage

  • Wall Street's median 12-month price target for Sidus Space Inc is $10.00, about 173.2% above its May 14 closing price of $3.66


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