Monitor cash runway closely — at current burn rate of ~$575K/month, the $11.3M cash position provides roughly 20 months of runway before additional financing is needed. The lunar initiative is highly speculative with no near-term revenue path.
Price Chart
Executive Summary
Astrotech reported fiscal year 2026 results with revenue declining 13% YoY to $913K and net loss widening to $14.4M from $13.9M. The company launched a speculative lunar infrastructure initiative through a new subsidiary, but provided no financial guidance or revenue catalysts. Cash burn continues with $11.3M in cash/short-term investments vs $18.2M a year ago.
Key Financial Metrics
Key Facts
- FY 2026 revenue fell 13% YoY to $913,000 from $1,049,000
- Net loss widened to $14.4M from $13.9M; EPS -$8.49 vs -$8.32
- Cash & short-term investments declined to $11.3M from $18.2M at June 30, 2025
- Gross profit margin collapsed to 23.8% from 45.3% a year ago
- Board approved a strategic initiative for lunar resource development via new subsidiary Lunar Power and Light Corporation
- No revenue guidance or forward-looking financial targets provided
Financial Impact
Revenue decline of $136K YoY; net loss increase of $577K; cash burn of ~$6.9M during FY 2026
Risk Factors
- Continued revenue decline with no path to profitability
- Cash burn rate may accelerate with new lunar initiative spending
- No guidance provided, creating uncertainty for valuation
- Highly speculative lunar infrastructure strategy with no contracts or funding commitments
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-031173 |
| Document: astc20260921_8k.htm | 0001437749-26-031173 |
| Document: 0001437749-26-031173-index-headers.html | 0001437749-26-031173 |
| Document: 0001437749-26-031173-index.html | 0001437749-26-031173 |
| Document: 0001437749-26-031173.txt | 0001437749-26-031173 |
| 8-K Data (Synthetic) | 0001437749-26-031173 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | DEFA14A | $5.04 | awaiting T+5 | — | $5.01 (−0.60%) |
Oct 23, 2026 3d ago | DEF 14A | $5.04 | awaiting T+5 | — | $5.01 (−0.60%) |
Oct 19, 2026 7d ago | 8-K | $4.87 | awaiting T+5 | — | $5.01 (+2.87%) |
Sep 25, 2026 4w ago | 8-K | $7.16 $7.06 | ▲ +1.33% | ▲ +1.11% | $5.01 (+29.98%) |
Sep 25, 2026 4w ago | Press Release | $7.16 $7.06 | ▲ +1.40% | ▲ +1.18% | $5.01 (+30.03%) |
Aug 6, 2026 11w ago | 10-Q/A | $8.88 $8.41 | ▼ −5.29% | ▼ −5.69% | $5.01 (−43.58%) |
Jul 22, 2026 13w ago | 8-K | $7.30 $6.21 | ▼ −14.93% | ▼ −12.53% | $5.01 (−31.37%) |
Jul 8, 2026 15w ago | EFFECT | $9.11 $8.86 | ▲ +2.74% | ▲ +3.61% | $5.01 (+45.01%) |
Jun 30, 2026 16w ago | S-3 | $10.91 $10.29 | ▲ +5.64% | ▲ +6.24% | $5.01 (+54.06%) |
Jun 16, 2026 18w ago | 8-K / PRESS-RELEASE | $16.08 $11.78 | ▼ −26.74% | ▼ −24.51% | $5.01 (−68.84%) |
US Market Status
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