Astrotech Corporation — Fiscal Year 2026 Earnings Summary

Financial Performance

• Revenue decreased to $913,000 for the fiscal year ended June 30, 2026, from $1,049,000 in the prior year.
• Gross profit declined to $217,000 in 2026 compared to $475,000 in 2025.
• Total operating expenses were $14.355 million, a 6% decrease from $15.209 million in the prior year.
• Selling, general and administrative expenses increased to $7.871 million from $7.067 million.
• Research and development expenses decreased to $6.484 million from $8.142 million.
• Net loss widened to $14.427 million, compared to a net loss of $13.850 million in the prior year.
• Net loss per common share was $(8.49) for 2026, compared to $(8.32) in 2025.
• Total comprehensive loss was $13.879 million, compared to $13.537 million in the prior year.
• Cash and cash equivalents were $8.387 million, while short-term investments were $2.947 million, totaling $11.3 million in liquid assets.
• Total assets decreased to $20.507 million from $26.989 million in the prior year.
• Total liabilities decreased to $4.335 million from $4.889 million in the prior year.
• Stockholders' equity decreased to $16.172 million from $22.100 million in the prior year.
• Accumulated deficit increased to $(265.297) million from $(250.870) million.

Business Segments and Product Lines

• The TRACER 1000 was deployed in approximately 37 locations across 16 countries in the United States, Europe, and Asia.
• The company launched the Labrador ruggedized Handheld Gas Chromatograph for laboratory-grade volatile organic compound analysis at the point of investigation.
• Subsidiary 1st Detect develops, manufactures, and markets trace detection systems for security and narcotics screening.
• Subsidiary AgLAB designs process analyzers for the agriculture industry.
• Subsidiary Pro-Control produces solutions for in-situ chemical process control in industrial manufacturing.
• Subsidiary EN-SCAN, Inc. delivers portable, ruggedized environmental testing solutions integrating gas chromatography and mass spectrometry.
• New subsidiary Lunar Power and Light Corporation was formed to focus on lunar resource development and infrastructure.

Management Commentary and Tone

• Thomas B. Pickens, III, Chairman, CEO, and CTO, stated that fiscal year 2026 results reflect an important period of investment and progress.
• Management believes the new lunar resource and infrastructure initiatives will expand addressable opportunities and position the company to better serve customers long-term.
• The company enters the new year focused on executing opportunities with the goal of converting pipeline opportunities into revenue growth.

Other Key Points

• The Board of Directors approved a strategic initiative for potential future lunar resource development, autonomous lunar industrial infrastructure, Moon-based advanced computing, semiconductor manufacturing, power generation, mining, chemical manufacturing, product transportation, and equipment leasing.
• Astrotech intends to evaluate and potentially develop infrastructure technologies to support semiconductor processing, advanced computing systems, and quantum computing manufacturing operations on the lunar surface.
• The company holds 2,009,050 shares of common stock issued, with 1,998,734 shares outstanding as of June 30, 2026.
• The company has 280,898 shares of Series D convertible preferred stock issued and outstanding.
• Forward-looking statements highlight risks including inflationary pressures, global economic conditions, wars in Ukraine and the Middle East, regulatory approvals, market acceptance, and the ability to finance or commercialize lunar initiatives.
• The company notes it does not intend to directly harvest, manufacture, distribute, or sell cannabis, though it may be affected by regulatory changes in that area.