<div id="readability-page-1">Sidus Space Inc ( SIDU ) reported its first-quarter financial results late Thursday, revealing year-over-year revenue growth and an improved bottom line. Despite these metrics, the stock is trading lower Friday morning. <ul> <li>Sidus Space ( SIDU ) shares are sliding. What’s weighing on SIDU shares?</li> </ul> <h2>Operational Milestones And Updates</h2> For the quarter ending March 31, Sidus posted a net loss of $5.2 million, a 19% improvement from last year. Earnings per share registered at a loss of 8 cents, up from a 35 cent loss in the first quarter of 2025. The company generated over $359,000 in sales, a 51% increase driven by new customer contracts. Gross loss improved by 36% to $1.1 million. Operationally, Sidus highlighted the successful delivery of initial imagery from LizzieSat-3. The company expanded its agreement with Lonestar Data Holdings for an additional orbital data storage payload. Furthermore, a CFO transition is planned for June 1, 2026, with John Burke appointed as the interim chief financial officer while the company conducts a comprehensive search. Following a registered direct offering in April, Sidus bolstered its liquidity , having already ended the first quarter with $27.3 million in cash and no outstanding term debt. <h2>SIDU Shares Slide Friday Morning</h2> SIDU Price Action: Sidus Space ( SIDU ) shares were down 9.02% at $3.33 during pre-market trading on Friday, according to Benzinga Pro data. Read Also: Stock Market Today: Dow Jones, S&amp;P 500 Futures Drop As Trump Concludes China Visit—Figma, Dlocal, Winnebago Industries In Focus Image: Shutterstock</div>

SIDU

ARKX

Sidus Space Inc (SIDU) reported a narrowed Q1 loss of $5.2 million, a 19% improvement year-over-year, with revenue up 51% to over $359,000. Despite these gains, shares fell 9.02% to $3.33 in pre-market trading. The company announced a CFO transition for June 1, 2026, and highlighted operational milestones, including successful imagery delivery from LizzieSat-3. Sidus ended Q1 with $27.3 million in cash and no term debt.

Sidus Space Shares Slide Despite Narrowed Q1 Loss