GlobeNewswire·May 13, 2026, 8:10 AM ET

Astrotech Reports Third Quarter of Fiscal Year 2026 Financial Results

ASTC

Astrotech Corporation reported financial results for the third quarter of fiscal year 2026, ending March 31, 2026.
Research and development expenses totaled $554 thousand, a 28% decrease from the prior year quarter as the company transitions to selling EN-SCAN Handheld GC & TRACER 1000 products.
The TRACER 1000 trace detection system has been deployed in approximately 37 locations across 16 countries in the US, Europe, & Asia.
Third quarter revenue was $343 thousand, down from $534 thousand in the same period last year.
The company reported a net loss of $3.768 million for the quarter, compared to a $3.633 million loss in the prior year period.
Nine-month revenue ended at $787 thousand, down from $829 thousand in the same period of the prior year.
Nine-month net loss totaled $11.161 million, slightly higher than the $10.920 million loss recorded in the previous nine-month period.
Cash & cash equivalents stood at $2.679 million as of March 31, 2026, down from $3.1 million at June 30, 2025.
Short-term investments decreased to $3.903 million from $15.108 million at the beginning of the fiscal year.
Total assets declined to $16.173 million from $26.989 million at the start of the fiscal year.
Total stockholders' equity decreased to $12.155 million from $22.100 million at the beginning of the fiscal year.
The company's subsidiaries include 1st Detect, AgLAB, Pro-Control, & EN-SCAN, Inc.
Thomas B. Pickens, III, Chairman & CEO, stated the company is balancing expense control with strategic investments to convert pipeline opportunities into revenue.