Investment Thesis
ASTC is experiencing severe operational distress with massive net losses (-$7.4M) on minimal revenue ($445K), resulting in deeply negative margins (-1661% net margin, -1671% operating margin). Despite maintaining a strong cash position ($28.3M) and zero debt, the company is burning cash at an unsustainable rate (-$8.3M free cash flow) with no clear path to profitability. The revenue decline of 4.7% YoY coupled with operating losses suggests fundamental business model dysfunction rather than temporary headwinds.
ASTC Strengths
- Fortress balance sheet with $28.3M cash and zero long-term debt
- Excellent liquidity position (7.56x current ratio) providing runway for operations
- No immediate solvency risk due to substantial cash reserves relative to $4.2M liabilities
ASTC Risks
- Unsustainable cash burn of $8.3M annually will deplete reserves in ~3.4 years at current burn rate
- Severe operational losses across all profitability metrics indicate broken business model or product-market fit failure
- Minimal revenue generation ($445K) with negative operating margins suggests inability to scale or achieve unit economics
Key Metrics to Watch
- Quarterly revenue trend and market demand signals
- Operating cash burn rate and cash runway remaining
- Gross margin sustainability and cost structure improvements
- Capital allocation decisions and R&D spending levels
ASTC Financial Metrics
ASTC Profitability Ratios
ASTC Balance Sheet & Liquidity
ASTC 5-Year Financial Trend
5-Year Trend Summary: ASTROTECH Corp's revenue has grown significantly by 91% over the 5-year period, indicating strong business expansion. The most recent EPS of $-7.12 indicates the company is currently unprofitable.
ASTC Growth Metrics (YoY)
ASTC Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $50.0K | -$2.6M | $-1.93 |
| Q2 2025 | $148.0K | -$2.6M | $-1.62 |
| Q1 2025 | $34.0K | -$2.9M | $-1.79 |
| Q3 2024 | $35.0K | -$2.4M | $-1.47 |
| Q2 2024 | $263.0K | -$2.4M | $-1.50 |
| Q1 2024 | $38.0K | -$2.5M | $-1.57 |
| Q3 2023 | $35.0K | -$2.0M | $-1.32 |
| Q2 2023 | $263.0K | -$2.0M | $-1.38 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
ASTC Capital Allocation
ASTC SEC Filings
Access official SEC EDGAR filings for ASTROTECH Corp (CIK: 0001001907)