Earnings Releases·Nov 13, 2026, 4:20 PM ET

Astrotech — First Quarter Fiscal 2027 Earnings Summary

Revenue declined 7.8% year-over-year to $274,000, while the net loss narrowed to $2.948 million ($1.46 per share) from $3.465 million ($2.07 per share) in the prior year period.
Operating expenses decreased 15.7% to $3.141 million, driven primarily by a 47.2% reduction in R&D spending to $1.026 million, though SG&A expenses rose 18.8% to $2.115 million.
The company is exploring strategic alternatives, including a potential sale of 1st Detect Corporation, and maintains an at-the-market offering program to raise capital.
A proposal was submitted to NASA under the NextSTEP-3 LEIA program to advance the Astrotech Mobile Power System to TRL 6, which would provide non-dilutive capital if selected, though no assurance of award exists.
Cash and cash equivalents decreased to $5.615 million as of September 30, 2026, down from $8.387 million at the end of the prior quarter, while total assets fell to $17.768 million.