Astrotech Corporation (Nasdaq: ASTC) reported its financial results for the fiscal year ended June 30, 2026, in a press release dated September 25, 2026. The company reported total revenue of $913,000 for the fiscal year, a decrease from $1,049,000 in the prior year. The cost of revenue was $696,000, resulting in a gross profit of $217,000. Total operating expenses for the year were $14.355 million, a decrease of 6% compared to the fiscal year ended June 30, 2025, which stood at $15.209 million. The company recorded a net loss of $14.427 million for the fiscal year 2026, compared to a net loss of $13.850 million in the prior year. The net loss per common share was $8.49.
On the balance sheet, Astrotech reported cash and cash equivalents of $8,387,000 and short-term investments of $2,947,000 as of June 30, 2026. The company noted that its consolidated balance sheet consisted of $11.3 million in cash and cash equivalents and short-term investments, which it believes will support operating expenses and capital expenditure requirements. Total assets were reported at $20.507 million as of June 30, 2026, down from $26.989 million in the prior year.
During the fiscal year, Astrotech highlighted several business developments. The company deployed its TRACER 1000 system in approximately 37 locations across 16 countries in the United States, Europe, and Asia. The company also launched a Labrador ruggedized Handheld Gas Chromatograph designed for volatile organic compound analysis. Additionally, the Board of Directors approved a strategic initiative focused on potential future lunar resource development, autonomous lunar industrial infrastructure, and advanced computing operations on the lunar surface through its newly formed subsidiary, Lunar Power and Light Corporation.
