Astrotech Reports First Quarter of Fiscal Year 2027 Financial Results

Rhea-AI Summary

Astrotech (Nasdaq: ASTC) reported a $2.948 million net loss for its fiscal first quarter ended September 30, 2026. The loss narrowed from $3.465 million a year earlier; loss per share improved to $1.46 from $2.07. Revenue fell to $274,000 from $297,000, while gross profit declined to $102,000 from $188,000. Operating expenses decreased to $3.141 million from $3.724 million.

Cash and cash equivalents fell to $5.615 million from $8.387 million at June 30, 2026. Working capital was $11.6 million at quarter-end. Astrotech and Skycorp submitted a NASA proposal to advance the Astrotech Mobile Power System from technology readiness level 4 to level 6. Selection for funding remains pending; Astrotech said an award would provide non-dilutive capital for its lunar infrastructure initiatives.

8 points · 0 major

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0 major · 8 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointNet loss narrowed to $2.948 million from $3.465 million in the prior-year quarter.
• Minor pointLoss per share improved to $1.46 from $2.07 in the prior-year quarter.
• Minor pointResearch and development expense fell to $1.026 million from $1.944 million in the prior-year quarter.
• Minor pointOperating loss narrowed to $3.039 million from $3.536 million in the prior-year quarter.
• Minor pointTotal comprehensive loss narrowed to $3.040 million from $3.317 million in the prior-year quarter.

3 minor points

• Minor pointOther income and expense, net improved to $91,000 from $71,000 in the prior-year quarter.
• Minor pointTotal liabilities declined to $3.858 million from $4.335 million at June 30, 2026.
• Minor point. Forward-looking: it has not happened yet and may not happen.NASA proposal with Skycorp seeks to advance the mobile power system from readiness level 4 to 6.

Negative

• Moderate pointCash and cash equivalents declined to $5.615 million from $8.387 million at June 30, 2026.
• Moderate pointStockholders’ equity declined to $13.910 million from $16.172 million at June 30, 2026.
• Moderate pointOutstanding common shares increased to 2,108,575 from 1,998,734 at June 30, 2026, diluting existing holders.
• Minor pointRevenue declined to $274,000 from $297,000 in the prior-year quarter.
• Minor pointGross profit fell to $102,000 from $188,000 in the prior-year quarter.

3 minor points

• Minor pointSelling, general and administrative expense increased to $2.115 million from $1.780 million in the prior-year quarter.
• Minor pointShort-term investments decreased to $2.856 million from $2.947 million at June 30, 2026.
• Minor pointNASA funding remains conditional on selection of the submitted project.

News Explained

In its fiscal 2027 first-quarter results, Astrotech reported that common shares outstanding rose from 1,998,734 at June 30, 2026 to 2,108,575 at September 30, 2026; holders whose share counts stayed fixed therefore held a smaller fraction of the company.

Key Figures

Revenue: $274 thousand vs. $297 thousand Gross profit: $102 thousand vs. $188 thousand Operating expenses: $3.1 million; down 15.7% +4 more

Revenue

$274 thousand vs. $297 thousand

Q1 FY2027 vs. Q1 FY2026

Gross profit

$102 thousand vs. $188 thousand

Q1 FY2027 vs. Q1 FY2026

Operating expenses

$3.1 million; down 15.7%

Q1 FY2027 vs. Q1 FY2026

Net loss

$(2,948) thousand vs. $(3,465) thousand

Q1 FY2027 vs. Q1 FY2026

Net loss per common share

$(1.46) vs. $(2.07)

Q1 FY2027 vs. Q1 FY2026; basic and diluted

Working capital

$11.6 million

As of September 30, 2026

TRACER 1000 deployments

Approximately 38 locations in 17 countries

As of September 30, 2026

Previous Earnings Reports

1 past event · Latest: Nov 13

Same Type 1 event

1. Nov 13

   earnings report

   24h Move

   +0.0%

   Prior Q1 report noted 34 TRACER 1000 deployments across 16 countries; its reported price reaction was 0%.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

technology readiness level, mass spectrometry, gas chromatography, available-for-sale securities

4 terms

technology readiness level technical

"from Technology Readiness Level (“TRL”) 4 to TRL 6"

A technology readiness level is a simple scale that describes how far a new technology has progressed from an idea to a proven, working product in real-world conditions. Investors use it like a progress meter—lower levels mean more technical risk, longer timelines and likely more funding needed, while higher levels suggest the technology is closer to commercial use and revenue, helping judge investment risk and timing.

mass spectrometry technical

"Astrotech is a mass spectrometry company"

Mass spectrometry is a laboratory technique that identifies and measures chemicals by giving molecules an electrical charge and sorting them by how fast they move, like weighing and separating coins to see which kinds are present. For investors, its results are evidence used in drug development, quality control, food and environmental testing, and diagnostics, so clear mass-spec data can affect regulatory approval, product reliability, costs and market confidence.

gas chromatography technical

"portable, ruggedized gas chromatography-based environmental testing solutions"

An analytical lab method that separates and measures the different chemical components in a gas or volatile liquid sample, like sorting runners by speed on a racetrack so each can be identified and counted. Investors care because results from gas chromatography verify product purity, safety and regulatory compliance, detect contaminants or quality problems that can trigger recalls or fines, and influence production costs and market trust.

available-for-sale securities financial

"Available-for-sale securities: Net unrealized gain (loss)"

Available-for-sale securities are investments in stocks, bonds or similar instruments that a company does not intend to trade frequently but may sell before they mature. They matter to investors because changes in the market value of these holdings show up as paper gains or losses on the company's balance sheet rather than immediately in profit, so they can affect reported net worth and the timing of income without changing day-to-day earnings. Think of them like items on a household shelf you might sell later: their value moves with the market even if you haven’t cashed out.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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AUSTIN, Texas, Nov. 13, 2026 (GLOBE NEWSWIRE) -- Astrotech Corporation (Nasdaq: ASTC) (the “Company” or “Astrotech”) reported its financial results for the first quarter of fiscal year 2027, which ended September 30, 2026.

First Quarter Fiscal 2027 Highlights

• As of September 30, 2026, the Company had deployed the TRACER 1000 in approximately 38 locations in 17 countries across the United States, Europe, Central America and Asia.
  
• Total operating expenses were $3.1 million, a decline of 15.7% during the first quarter ended September 30, 2026, compared to the first quarter ended September 30, 2025.
  
• Astrotech’s consolidated balance sheet consisted of $11.6 million in working capital as of September 30, 2026, supporting the Company’s ongoing operations and strategic priorities.
  
• In collaboration with Skycorp Incorporated, Astrotech submitted a proposal to NASA under the NextSTEP-3 Lunar Enabling Infrastructure Accelerator (“LEIA”) program to advance the Astrotech Mobile Power System (“AMPS”) from Technology Readiness Level (“TRL”) 4 to TRL 6. Designed to deliver 6 kW of continuous power (10 kW surge) for lunar polar environments, the project, if selected by NASA, would culminate in an integrated system test at Astrotech’s Austin, Texas facility, where Astrotech would manage facilities, procurement, and program finances. While the proposal was recently submitted and there can be no assurance that NASA will select the project for funding, an award would provide Astrotech with needed non-dilutive capital to accelerate its lunar infrastructure initiatives.

“Our first-quarter results reflect the dedication of our team and executing against our strategic priorities,” stated Thomas B. Pickens, III, Astrotech’s Chairman, Chief Executive Officer and Chief Technology Officer. “As we look ahead to the remainder of fiscal year 2027, we remain focused on disciplined execution, investing in opportunities that strengthen our business, and creating long-term value for our shareholders.”

About Astrotech Corporation

Astrotech (Nasdaq: ASTC) is a mass spectrometry company that creates, operates, and scales innovative businesses through its wholly owned subsidiaries. Each subsidiary leverages Astrotech’s core technology to serve specialized markets:

• 1st Detect develops, manufactures, and markets trace detection systems for security and narcotics screening applications.
• AgLAB designs process analyzers tailored to the agriculture industry.
• Pro-Control produces solutions for in-situ chemical process control in industrial manufacturing.
• EN-SCAN, Inc. develops, manufactures and sells portable, ruggedized gas chromatography-based environmental testing solutions, including the Labrador HH-GC.
• Lunar Utilities Corporation is focused on potentially developing infrastructure technologies that could support semiconductor processing, advanced computing systems, and quantum computing manufacturing operations on the lunar surface.
  

Astrotech is headquartered in Austin, Texas. For more information, visit www.astrotechcorp.com

Forward-Looking Statements

This press release contains “forward-looking statements” that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, trends, and uncertainties that could cause actual results to be materially different from the forward-looking statement. These statements may be identified by terms such as “aims,” “anticipates,” “believes,” “contemplates,” “continue,” “could,” “estimates,” “expect,” “forecast,” “guidance,” “intends,” “may,” “plans,” “possible,” “potential,” “predicts,” “preliminary,” “projects,” “seeks,” “should,” “targets,” “will” or “would,” or the negatives of these terms, variations of these terms or other similar expressions. These forward-looking statements include, but are not limited to, statements regarding the LEIA program and the Company’s submission of its proposal to NASA, the Company’s ability to raise additional capital, including under its at-the-market offering program, and its use of the proceeds therefrom, whether the market will accept our products and services and whether we are successful in identifying, completing and integrating acquisitions, and the Company's ability to develop, validate, obtain NASA funding for, launch, operate, or commercialize any space-related technology or infrastructure. These statements are based on current expectations, estimates, forecasts and assumptions and are subject to significant risks and uncertainties, many of which are beyond the Company’s control. Risks and uncertainties include, among others, the possibility that NASA does not select the Company for any LEIA program funding, the adverse impact of inflationary pressures, including significant increases in fuel costs, global economic conditions and events related to these conditions, including the ongoing wars in Ukraine and the Middle East, the Company’s ability to raise additional capital, including under its at-the-market offering program, and its use of the proceeds therefrom, whether we can successfully complete the development of our new products and proprietary technologies, whether we can obtain the FDA and other regulatory approvals required to market our products under development in the United States or abroad, whether the market will accept our products and services and whether we are successful in identifying, completing and integrating acquisitions, the Company’s lunar infrastructure initiatives, potential NASA selection, funding, awards or contracts, technology development, partnerships, autonomous systems, lunar resource mining and processing, advanced manufacturing, power development, artificial intelligence, quantum computing, advanced semiconductor materials and commercial lunar activity, future engineering and testing, technology qualification, commercialization and potential lunar resource deployment and long-duration energy storage; and the Company's ability to finance, validate, launch, operate or commercialize related systems, the Company’s ability to fund its operations and satisfy its liquidity requirements, the outcome of the Company’s strategic alternatives, including the potential sale of 1st Detect Corporation, the Company’s ability to maintain compliance with Nasdaq continued listing requirements, the Company’s dependence on a limited number of customers and government grant revenue and the potential effects of the addition of advisors, as well as other risk factors and business considerations described in the Company’s Securities and Exchange Commission filings including the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

Any forward-looking statements in this document should be evaluated in light of these important risk factors. The contemplated lunar energy-storage application remains in the evaluation and development stage. While we do not intend to directly harvest, manufacture, distribute or sell cannabis or cannabis products, we may be detrimentally affected by a change in enforcement by federal or state governments and we may be subject to additional risks in connection with the evolving regulatory area and associated uncertainties. Any such effects may give rise to risks and uncertainties that are currently unknown or amplify others mentioned herein. Although the Company believes the expectations reflected in its forward-looking statements are reasonable and are based on reasonable assumptions, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct. Moreover, such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. In addition, any forward-looking statements included in this press release represent the Company’s views only as of the date of its publication and should not be relied upon as representing its views as of any subsequent date. The Company assumes no obligation to correct or update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Company Contact: 
Scott Bartley
Interim Chief Financial Officer, Astrotech Corporation
(512) 485-9530

ASTROTECH CORPORATION AND SUBSIDIARIES Condensed Consolidated Statements of Operations and Comprehensive Loss (In thousands, except per share data) (Unaudited)
		Three Months Ended
		September 30,
		2026				2025
Revenue		$	274			$		297
Cost of revenue			172					109
Gross profit			102					188
Operating expenses:
Selling, general and administrative			2,115					1,780
Research and development			1,026				1,944
Total operating expenses			3,141					3,724
Loss from operations			(3,039	)				(3,536	)
Other income and (expense), net			91					71
Loss from operations before income taxes			(2,948	)				(3,465	)
Income tax expense			—					—
Net loss		$	(2,948	)		$		(3,465	)
Weighted average common shares outstanding:
Basic and diluted			2,021					1,673
Basic and diluted net loss per common share:
Net loss per common share		$	(1.46	)		$		(2.07	)
Other comprehensive loss, net of tax:
Net loss		$	(2,948	)		$		(3,465	)
Available-for-sale securities:
Net unrealized gain (loss)			(92	)				148
Total comprehensive loss		$	(3,040	)		$		(3,317	)

ASTROTECH CORPORATION AND SUBSIDIARIES Condensed Consolidated Balance Sheets (In thousands, except share and per share data) (Unaudited)
		September 30,							June 30,
		2026							2026
		(Unaudited)							(Audited)
Assets
Current assets
Cash and cash equivalents		$	5,615						$	8,387
Short-term investments			2,856							2,947
Accounts receivable			112							124
Inventory, net:
Raw materials			2,781							2,926
Work-in-process			305							9
Finished goods			1,145							1,179
Prepaid expenses and other current assets			624							354
Total current assets			13,438							15,926
Property and equipment, net			2,203							2,383
Intangible asset, net			50							50
Operating lease right-of-use assets, net			1,763							1,834
Other assets, net			314							314
Total assets		$	17,768						$	20,507
Liabilities and stockholders’ equity
Current liabilities
Accounts payable		$	493						$	581
Payroll related accruals			405							482
Accrued expenses and other liabilities			669							912
Lease liabilities, current			288							282
Total current liabilities			1,855							2,257
Accrued expenses and other liabilities, net of current portion			29							54
Lease liabilities, net of current portion			1,974							2,024
Total liabilities			3,858							4,335
Commitments and contingencies
Stockholders’ equity
Common stock, $0.001 par value, 250,000,000 shares authorized at September 30, 2026, and June 30, 2026, respectively; 2,118,891 shares issued at September 30, 2026 and 2,009,050 shares issued at June 30, 2026, respectively; 2,108,575 and 1,998,734 shares outstanding at September 30, 2026 and June 30, 2026, respectively			190,643							190,643
Treasury shares, 10,316 at September 30, 2026, and June 30, 2026, respectively			(119				)			(119			)
Additional paid-in capital			92,039							91,261
Accumulated deficit			(268,245				)			(265,297			)
Accumulated other comprehensive loss			(408				)			(316			)
Total stockholders’ equity			13,910							16,172
Total liabilities and stockholders’ equity		$	17,768						$	20,507

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Astrotech’s fiscal first-quarter 2027 earnings results?

Astrotech reported a $2.948 million net loss, or $1.46 per share, for the quarter ended September 30, 2026. Revenue was $274,000, compared with $297,000 a year earlier. The prior-year quarter had a net loss of $3.465 million, or $2.07 per share.

What would Astrotech do if NASA selects its lunar power proposal?

If NASA selects the project, it would culminate in an integrated system test at Astrotech’s Austin, Texas facility. Astrotech would manage facilities, procurement and program finances under the proposal submitted with Skycorp to the NextSTEP-3 Lunar Enabling Infrastructure Accelerator program.