Earnings ·
Astrotech reports $14.4M net loss for fiscal year ended June 30, 2026
ASTCASTROTECH Corp
Astrotech Corporation reported financial results for the fiscal year ended June 30, 2026. Revenue declined to $913,000 from $1,049,000 in the prior year, while total operating expenses decreased by 6% to $14 million. The company recorded a net loss of $14.4 million, or $8.49 per share, compared to a $13.9 million loss previously. As of June 30, 2026, Astrotech held $11.3 million in cash and short-term investments. The Board approved a strategic initiative for potential lunar resource development through its subsidiary Lunar Power and Light Corporation. Astrotech is a mass spectrometry company that creates, operates, and scales innovative businesses through subsidiaries serving security, agriculture, industrial manufacturing, and environmental testing markets.