Sidus Space reports 51% revenue growth, CFO transition, and $151B defense contract access

Filed May 15, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 15, 2025 · ~1 min read

Key Changes

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  CFO Adarsh Parekh resigned effective June 1, 2026, with John Burke appointed as Interim CFO. The transition occurs during an active growth phase with expanding defense contracts and satellite operations.

  MD&A: CFO Transition verify on EDGAR →
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  Revenue increased 51% year-over-year to $359K driven by new contracts with Lonestar and Teledyne Marine, reversing prior year's 77% decline. Net loss improved 19% to $5.2M from $6.4M.

  MD&A: Financial Performance verify on EDGAR →
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  Named contract awardee under MDA's $151B SHIELD IDIQ homeland defense program and secured ten-year IDIQ with Tobyhanna Army Depot for manufacturing services, providing long-term defense revenue visibility.

  MD&A: Defense Contracts verify on EDGAR →