ASTC earnings analysis
What we found in ASTC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Astrotech Corporation's Q3 FY2026 results reveal a decrease in revenue to $343,000, down from $534,000 in the same quarter last year. The gross margin suffered a sharp drop to 5.4% from 44.4%, contributing to a net loss of $3.8 million, compared to a loss of $3.6 million a year earlier. The company continues to face significant losses, and while operating expenses decreased, its liquidity remains a concern as cash reserves fell to $2.7 million.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline
- Total revenue decreased by 35.8% to $343,000 from $534,000 YoY.
- Gross Margin Drop
- Gross margin plummeted to 5.4%, down from 44.4% in the previous year.
- Cost Containment
- Operating expenses reduced by 14.2% to $3.52 million, which is an improvement.
- Increased Cash Burn
- Net cash used in operating activities rose to $11.17 million, up from $10.59 million in the prior period.
- Improved Cash from Investments
- Cash provided by investing activities increased significantly to $10.82 million, from $3.12 million last year.
- Liquidity Concerns
- Cash and cash equivalents decreased to $2.7 million from $3.1 million in the previous period.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Ongoing Cash Flow Issues
- The company's cash reserves dropped by $421,000 in Q3 FY2026, raising liquidity concerns.
- Significant Accumulated Deficit
- Reported an accumulated deficit of approximately $262 million as of March 31, 2026.
- Market Capitalization Risk
- The market value of listed securities has fallen below $5 million, risking delisting from Nasdaq.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-3.768
- Gross margin
- 5.4%
What they said about what is next.
Future guidance not provided in the filing.
The filing reads worse than the one before it.
What came before.
- 10-Q · February 13, 2026
- Astrotech reported revenue of $148,000 for the quarter ended December 31, 2025, a sharp decline from $297,000 in the prior quarter and $261,000 in the year-ago quarter. Gross margin collapsed to 5.4% and net loss was…
- 10-Q · November 13, 2025
- Astrotech reported revenue of $297,000 for the three months ended September 30, 2025, vs $34,000 a year earlier, with gross profit of $188,000 and net loss of $3,465,000 (net loss per share $(2.07)). Operating losses…
- 10-Q · February 14, 2025
- Astrotech reported revenue of $261,000 for the three months ended December 31, 2024, down from $1,115,000 a year earlier, while gross margin expanded to 59.4% and R&D investment rose. Despite higher gross margin,…
- 10-Q · May 14, 2024
- Astrotech reported quarterly revenue of $50,000 and a net loss of $3,154,000 (EPS -$1.93) for the three months ended March 31, 2024. Gross profit was $8,000 (16.0% margin) while loss from operations was $3,533,000, and…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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