<span item_type="fundamental" item_id="fac4f67c0ecc44463c8b3da755676cb7" counter_id="ST/US/SIDU" env="prod"></span><span item_type="announcement" item_id="648588252462713857" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 359.37 K.</p><p>EPS: As of FY2026 Q1, the actual value is USD -0.08.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -5.664 M.</p><p></p><h4>Revenue</h4><p>Sidus Space, Inc. reported total revenue of $359,372 for the first quarter ended March 31, 2026, which is a 51% increase compared to $238,494 in Q1 2025, driven by new customer contracts including Lonestar Data Holdings and Teledyne Marine. Revenue for Q1 2026 included $250,155 from general revenue and $109,217 from related parties, compared to $160,704 and $77,790 respectively in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1879726/000149315226023291/ex99-1.htm"></span></p><h4>Cost of Revenue</h4><p>Cost of revenue for Q1 2026 was $1,409,445, representing a 25% decrease compared to $1,866,972 in Q1 2025, attributed to lower depreciation and improved manufacturing cost discipline.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1879726/000149315226023291/ex99-1.htm"></span></p><h4>Gross Profit (Loss)</h4><p>Sidus Space, Inc. reported a gross loss of -$1,050,073 in Q1 2026, an improvement of 36% from a gross loss of -$1,628,478 in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1879726/000149315226023291/ex99-1.htm"></span></p><h4>Operating Expenses</h4><p>Selling, General and Administrative (SG&amp;A) Expenses were $4,419,637 in Q1 2026, which was consistent with $4,444,442 in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1879726/000149315226023291/ex99-1.htm"></span></p><h4>Net Loss</h4><p>Net loss for Q1 2026 was -$5,211,607, an improvement of $1,203,020 or 19%, compared to a net loss of -$6,414,627 in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1879726/000149315226023291/ex99-1.htm"></span></p><h4>Adjusted EBITDA (Non-GAAP)</h4><p>Adjusted EBITDA (Non-GAAP) was a loss of -$4,626,934 in Q1 2026, showing a 1% improvement compared to a loss of -$4,674,423 in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1879726/000149315226023291/ex99-1.htm"></span></p><h4>Cash Position</h4><p>As of March 31, 2026, Sidus Space, Inc.’s cash position was $27,349,756, with no outstanding term debt.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1879726/000149315226023291/ex99-1.htm"></span></p><h4>Cash Flow from Operating Activities</h4><p>Net cash used in operating activities was -$5,645,038 for the three months ended March 31, 2026, compared to -$3,207,213 for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1879726/000149315226023291/ex99-1.htm"></span></p><h4>Cash Flow from Investing Activities</h4><p>Net cash used in investing activities was -$3,687,604 for the three months ended March 31, 2026, compared to -$2,978,308 for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1879726/000149315226023291/ex99-1.htm"></span></p><h4>Cash Flow from Financing Activities</h4><p>Net cash used in financing activities was -$6,493,598 for the three months ended March 31, 2026, a decrease from $2,193,243 provided by financing activities in the same period of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1879726/000149315226023291/ex99-1.htm"></span></p><h4>Net Change in Cash</h4><p>Net change in cash was -$15,826,240 for the three months ended March 31, 2026, compared to -$3,992,278 for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1879726/000149315226023291/ex99-1.htm"></span></p><h4>Operational Metrics</h4><p>Sidus Space, Inc. delivered initial imagery from HEO USA’s non-Earth imaging camera aboard LizzieSat-3, including sub 5-meter resolution imagery. The company expanded its agreement with Lonestar Data Holdings to build an additional StarVault orbital data storage payload and achieved an integration milestone with Maris-Tech Ltd. on an AI-based edge computing payload for LizzieSat-4. Sidus Space, Inc. also signed an MOU with Simera Sense for AI-enabled hyperspectral imaging capabilities and finalized the Fortis VPX Command and Data Handling platform for LizzieSat-4 and LizzieSat-5.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1879726/000149315226023291/ex99-1.htm"></span></p><h4>Subsequent Operational Metrics</h4><p>Subsequent to the quarter end, Sidus Space, Inc. completed a registered direct offering on April 21, 2026, generating gross proceeds of $58.5 million to strengthen its liquidity position. A Chief Financial Officer (CFO) transition was announced, with John Burke appointed Interim CFO effective June 1, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1879726/000149315226023291/ex99-1.htm"></span></p><h4>Outlook / Guidance</h4><p>The provided reference does not contain explicit outlook or guidance statements regarding future financial performance or strategic objectives beyond the reported period and subsequent events.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1879726/000149315226023291/ex99-1.htm"></span></p>

SpaceX is accelerating its Nasdaq listing process, with an expected debut as early as June 12th. The IPO is projected to raise over $80 billion, aiming to be the largest in global capital market history. To pave the way for the listing, SpaceX will implement a 5-for-1 stock split to lower the barrier to entry for investors, and Elon Musk has explicitly pledged not to reduce his holdings. The funds raised will primarily be used for the Starship project and the construction of a low-Earth orbit data center. Financial details of the xAI business, recently incorporated into SpaceX, will also be disclosed for the first time in the prospectus. Wall Street generally believes that the current US stock market has sufficient liquidity to absorb this "super asset" that combines AI and cutting-edge technology. What are your thoughts? Let's discuss!

<p>SpaceX is accelerating its Nasdaq listing process, with an expected debut as early as June 12th. The IPO is projected to raise over $80 billion, aiming to be the largest in global capital market history. To pave the way for the listing, SpaceX will implement a 5-for-1 stock split to lower the barrier to entry for investors, and Elon Musk has explicitly pledged not to reduce his holdings. The funds raised will primarily be used for the Starship project and the construction of a low-Earth orbit data center. Financial details of the xAI business, recently incorporated into SpaceX, will also be disclosed for the first time in the prospectus. Wall Street generally believes that the current US stock market has sufficient liquidity to absorb this "super asset" that combines AI and cutting-edge technology. What are your thoughts? Let's discuss!</p>

Sidus Space | 8-K: FY2026 Q1 Revenue: USD 359.37 K