Astrotech — First Quarter Fiscal 2027 Earnings Summary

Financial Performance:

• Revenue for the three months ended September 30, 2026, was $274,000, a decrease from $297,000 in the same period of fiscal 2026.
• Gross profit was $102,000 for the quarter, down from $188,000 in the prior year period.
• Total operating expenses were $3.141 million, representing a 15.7% decline from $3.724 million in the first quarter of fiscal 2026.
• Selling, general and administrative expenses were $2.115 million compared to $1.780 million in the prior year.
• Research and development expenses were $1.026 million, down from $1.944 million in the prior year.
• Net loss was $2.948 million, or $1.46 per share, compared to a net loss of $3.465 million, or $2.07 per share, in the prior year.
• Total comprehensive loss was $3.040 million, compared to $3.317 million in the prior year.
• Working capital was $11.6 million as of September 30, 2026.
• Cash and cash equivalents were $5.615 million as of September 30, 2026, down from $8.387 million as of June 30, 2026.
• Total assets were $17.768 million as of September 30, 2026, compared to $20.507 million as of June 30, 2026.
• Total liabilities were $3.858 million as of September 30, 2026, compared to $4.335 million as of June 30, 2026.
• Total stockholders' equity was $13.910 million as of September 30, 2026, down from $16.172 million as of June 30, 2026.
• Weighted average common shares outstanding (basic and diluted) were 2,021,000 for the quarter ended September 30, 2026, compared to 1,673,000 in the prior year.

Business Segments and Product Lines:

• The TRACER 1000 was deployed in approximately 38 locations across 17 countries in the United States, Europe, Central America, and Asia as of September 30, 2026.
• 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 developing infrastructure technologies to support semiconductor processing, advanced computing systems, and quantum computing manufacturing on the lunar surface.

Other Key Points:

• Astrotech and Skycorp Incorporated 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.
• The proposed AMPS project is designed to deliver 6 kW of continuous power (10 kW surge) for lunar polar environments.
• If selected by NASA, the project would culminate in an integrated system test at Astrotech's Austin, Texas facility, where the company would manage facilities, procurement, and program finances.
• An award from the LEIA program would provide non-dilutive capital to accelerate lunar infrastructure initiatives, though there is no assurance of selection.
• The company is exploring strategic alternatives, including the potential sale of 1st Detect Corporation.
• The company maintains an at-the-market offering program to raise additional capital.
• The company faces risks related to inflationary pressures, global economic conditions, ongoing wars in Ukraine and the Middle East, and the potential for adverse changes in cannabis enforcement laws.
• Risks include the possibility of NASA not selecting the company for LEIA funding, the inability to obtain FDA or other regulatory approvals, and dependence on a limited number of customers and government grant revenue.
• The company must maintain compliance with Nasdaq continued listing requirements.