Recent Updates — ASTC

Astrotech Corporation reported financial results for the fiscal year ended June 30, 2026. Revenue declined to $913,000 from $1,049,000 in the prior year, while total operating expenses decreased by 6% to $14 million. The company recorded a net loss of $14.4 million, or $8.49 per share, compared to a $13.9 million loss previously. As of June 30, 2026, Astrotech held $11.3 million in cash and short-term investments. The Board approved a strategic initiative for potential lunar resource development through its subsidiary Lunar Power and Light Corporation. Astrotech is a mass spectrometry company that creates, operates, and scales innovative businesses through subsidiaries serving security, agriculture, industrial manufacturing, and environmental testing markets.

Astrotech Corporation filed a prospectus supplement to update its at-the-market offering program with H.C. Wainwright & Co., LLC. The new filing allows for the sale of up to $50 million in common stock, replacing a prior agreement that authorized approximately $24.5 million. As of August 19, 2026, the company had sold 258,856 shares under the previous program for gross proceeds of approximately $7.9 million. No further sales will occur under the superseded prospectus supplement. Astrotech Corporation operates in the environmental services industry, specializing in hazardous waste management and remediation.

On July 16, 2026, Astrotech Corporation increased its Board of Directors from six to seven members and appointed Matthew Kreps as a director. Mr. Kreps, a financial and capital markets executive, was granted 2,150 shares of restricted stock under the 2021 Omnibus Equity Incentive Plan, which vest in equal installments over three years. He will receive standard non-employee director compensation. Astrotech is an instrumentation company that develops and scales innovative businesses in trace detection, process analyzers, and mass spectrometry for space, defense, and industrial markets.

Astrotech Corporation announced on June 16, 2026, that its board of directors has authorized management to engage in a sale process for its subsidiary, 1st Detect Corporation. Astrotech Corporation operates in the technology and space-related industries, providing specialized hardware and software solutions.