Astrotech Corporation
Astrotech Corporation Announces Fiscal Year 2025 Financial Results
Summary
Astrotech Corporation reported a net loss of $13.85 million for the fiscal year ended June 30, 2025, compared to a net loss of $11.67 million in the prior year. The company's revenue decreased to $1.049 million in 2025 from $1.664 million in 2024. Despite the revenue decline, the gross margin improved slightly to 45.3% in 2025 from 45.1% in 2024 due to higher margin device sales. The company's cash and cash equivalents decreased to $3.1 million as of June 30, 2025, from $10.4 million the previous year. Astrotech's wholly owned subsidiary, 1st Detect, deployed its TRACER 1000 in approximately 34 locations across 16 countries and announced a new subsidiary, EN-SCAN, Inc., to manufacture environmental testing instruments.
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About Astrotech Corporation
Astrotech Corporation is a diversified technology company engaged in the development and commercialization of science-driven solutions. The primary function of Astrotech is to innovate and create advanced technologies for industries such as aerospace, biotechnology, and industrial applications. One of the key areas where the company makes an impact is in the field of chemical detection, where it offers sophisticated equipment and systems designed to identify molecular compounds in security and environmental settings. The corporation is also involved in the production of mass spectrometers, contributing significantly to scientific research and safety-oriented environments. Headquartered in Austin, Texas, Astrotech Corporation plays a strategic role in the market by bridging the gap between scientific research and practical, real-world applications, making it a notable entity in the tech and industrial sectors.
Official SEC Documents
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