GlobeNewswire·Nov 13, 2026, 4:15 PM ET

Astrotech Reports First Quarter of Fiscal Year 2027 Financial Results

ASTC

Astrotech Corporation reported financial results for the first quarter of fiscal 2027 ending September 30, 2026.
The TRACER 1000 was deployed in approximately 38 locations across 17 countries in the US, Europe, Central America, 10 Asia as of September 30, 2026.
Total operating expenses were $3.1 million, representing a 15.7% decline from the same quarter in the prior fiscal year.
The company maintained $11.6 million in working capital on its consolidated balance sheet as of the period end.
Astrotech submitted a proposal to NASA under the NextSTEP-3 LEIA program in collaboration with Skycorp Incorporated to advance the Mobile Power System from TRL 4 to TRL 6.
The proposed lunar project aims to deliver 6 kW continuous power (10 kW surge) 10 for lunar polar environments 10 with potential testing at the Austin, Texas facility.
Chairman 10 CEO Thomas B. Pickens, III stated the team remains focused on disciplined execution 100 strategic priorities 100 long-term shareholder value.
Revenue for the quarter was $274,000 compared to $297,000 in the prior year period.
The company reported a net loss of $2,948,000 for the quarter compared to a net loss of $3,465,000 in the prior year.
Net loss per share was $1.46 for the quarter ended September 30, 2026, compared to $2.07 in the prior year.
Cash and cash equivalents decreased to $5,615,000 from $8,387,000 at the end of the previous quarter.
Total stockholders' equity stood at $13,910,000 as of September 30, 2026, down from $16,172,000 at June 30, 2026.
Astrotech operates subsidiaries including 1st Detect, AgLAB, Pro-Control, EN-SCAN, 100 Lunar Utilities Corporation.

Company: Astrotech Corporation
Keywords: Nasdaq:ASTC, Astrotech Corporation