Quarterly ResultMay 13, 2026, 08:17 AM
Astrotech Q3 Revenue $343K, Net Loss $(3.77M)
AI Summary
Astrotech Corporation reported its financial results for the third quarter of fiscal year 2026, ending March 31, 2026, with revenue of $343 thousand and a net loss of $(3,768) thousand. Despite the increased net loss and decreased revenue, the company achieved a 28% decline in research and development expenses as it transitions to saleable products. Astrotech also highlighted the deployment of its TRACER 1000 trace detection system in 37 locations across 16 countries, demonstrating progress in its product lines.
Key Highlights
- Q3 FY2026 revenue was $343 thousand, down from $534 thousand year-over-year.
- Q3 FY2026 net loss was $(3,768) thousand, compared to $(3,633) thousand year-over-year.
- Basic and diluted net loss per common share for Q3 FY2026 was $(2.25).
- Research and development expense declined 28% to $1,435 thousand in Q3 FY2026.
- TRACER 1000 trace detection system deployed in approximately 37 locations across 16 countries.
- Total assets decreased to $16.17 million at March 31, 2026, from $26.99 million at June 30, 2025.
- Cash and cash equivalents were $2.68 million at March 31, 2026.
- Short-term investments decreased to $3.90 million from $15.11 million since June 30, 2025.
Price Impact
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