Sidus Space Appoints Alan Khalili as CFO to Advance Commercialization of Its Vertically Integrated Space and Defense Platform

Sidus Space, Inc. (NASDAQ: SIDU), a space and defense technology company specializing in satellite manufacturing, space-based data solutions, and AI-enabled hardware, announced the appointment of Alan Khalili as Chief Financial Officer on July 24, 2026, effective July 27. Khalili succeeds John Burke, who served as Interim CFO following the departure of the prior CFO in June 2026. The appointment closes a two-month search and brings an experienced public-company finance executive into the seat as Sidus works to convert its growing technology portfolio into recurring government and commercial revenue.

A Finance Leader Focused on Converting Portfolio Breadth Into Revenue

Khalili arrives with a track record leading finance organizations through periods of business transformation, with specific expertise in public company operations and strategic finance. In his own statement, he framed the Sidus opportunity in explicitly commercial terms: the company’s vertically integrated position spanning dual-use satellite manufacturing, space-based data, AI products, and mission-critical hardware creates a clear runway to grow the top line, and his focus will be the financial discipline needed to convert that portfolio into durable, recurring revenue. CEO and founder Carol Craig described Khalili’s combination of transformation experience and public company expertise as a strong addition to the executive team as it advances commercialization across government and commercial markets.

A 2026 Balance Sheet Reset Sets the Stage

Khalili steps into a company that entered 2026 in a meaningfully stronger financial position than a year prior. In April 2026, Sidus completed a best-efforts registered direct offering generating $58.5 million in gross proceeds, substantially rebuilding its liquidity after a period of elevated cash burn. Q1 2026 results showed revenue of $359,000, up 51% year over year, with a gross loss that improved 36% as cost of revenue fell 25%. Net loss narrowed 19% to $5.2 million, and adjusted EBITDA loss improved to $4.6 million. The company held $27.3 million in cash with no term debt at quarter end—before the April offering further bolstered the position. Sidus also joined the Russell 3000, Russell 2000, and Russell Microcap Indexes following the June 2026 Russell reconstitution, broadening its institutional investor base.

On-Orbit Execution and Partnership Activity Build the Commercial Case

The CFO appointment arrives alongside active operational progress. LizzieSat-3 delivered high-resolution imagery in Q1 2026, advancing Sidus’s on-orbit data services capability. The company expanded its agreement with Lonestar Data Holdings, hit an integration milestone with Maris-Tech (NASDAQ: MTEK), and signed an AI hyperspectral memorandum of understanding with Simera Sense. The Fortis VPX platform also reached flight-ready configuration status. Together, these milestones flesh out the vertically integrated platform Khalili referenced: Sidus is not a single-product company but a multi-layer space technology stack spanning hardware, data, and AI. Khalili’s mandate is to build the financial architecture that turns those layers into a coherent, revenue-generating business as the company scales its government and commercial customer base.

Strategic Investment Summary

• CFO Appointment: Sidus Space (NASDAQ: SIDU) appointed Alan Khalili as Chief Financial Officer effective July 27, 2026, succeeding Interim CFO John Burke and completing a two-month search following the prior CFO’s June departure.
• Khalili’s Mandate: Khalili’s stated focus is converting Sidus’s vertically integrated portfolio—spanning dual-use satellite manufacturing, space-based data, AI products, and mission-critical hardware—into durable, recurring revenue across government and commercial markets.
• Balance Sheet Reset: An April 2026 registered direct offering raised $58.5 million in gross proceeds, complementing Q1 2026 results that showed a 51% year-over-year revenue increase, a 36% improvement in gross loss, and $27.3 million in cash with no term debt at quarter end.
• On-Orbit Progress: LizzieSat-3 delivered high-resolution imagery in Q1, while Sidus expanded its Lonestar agreement, hit a Maris-Tech integration milestone, signed an AI hyperspectral MOU with Simera Sense, and achieved flight-ready status on the Fortis VPX platform.
• Index Inclusion: Sidus joined the Russell 3000, Russell 2000, and Russell Microcap Indexes following the June 2026 Russell reconstitution, broadening institutional visibility ahead of the permanent CFO’s arrival.
• Leadership Context: CEO Carol Craig, who also joined the Greenland Energy (NASDAQ: GLND) board in June 2026, framed Khalili’s hire as a deliberate investment in experienced leadership as the company advances its commercialization strategy across a year of operational momentum.

Find out more about the latest corporate developments and financial reports at the Sidus Space investor portal.