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Astrotech Corporation

ASTC NASDAQ Categories PDF
Industrials · Aerospace & Defense
Austin, TX 78758, United States IPO 1995 astrotechcorp.com Updated Jun 27, 4:41am
Price
$9.31
Market Cap
$16.8M
Employees
30
Beta
4.63
Avg Volume
6,224,853
CEO
Thomas Boone Pickens
Business Description

Astrotech Corporation is an international company focused on developing and bringing to market scientific and technological advancements. Its operations are structured into three distinct segments: Astrotech Technologies, Inc. (ATI), 1st Detect Corporation (1st Detect), and AgLAB Inc (AgLAB). ATI is responsible for holding the intellectual property rights to and licensing its proprietary AMS Technology, which serves as its foundational mass spectrometry platform. The 1st Detect division manufactures sophisticated trace detectors for identifying explosives and narcotics. Its key offering, the TRACER 1000, is an advanced mass spectrometer designed to supersede existing explosives detection equipment in high-security environments such as airports, cargo facilities, and border crossings. AgLAB's focus includes the development of the AgLAB-1000, a mass spectrometer tailored for applications within the hemp and cannabis sectors. Additionally, this segment is creating the BreathTest-1000, an analytical tool intended for screening volatile organic compound metabolites in breath samples. Originally established in 1984 under the name SPACEHAB, Inc., the company officially rebranded as Astrotech Corporation in 2009. Its corporate headquarters are situated in Austin, Texas.

Business History
Price History (1 Year)
Last updated: Jun 27, 2026 4:41am (4h ago)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Last updated: Jun 23, 2026 10:06pm (3d ago)
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-1.12
Stock Price: $9.31
EPS (Diluted): -8.32
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
0.44
Stock Price: $9.31
Total Equity: $22.10M
Shares: 1,665,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
-1.28
Market Cap: $16.75M
Total Debt: $0.00
Cash: $3.10M
EBITDA: -$12.69M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$9.2M
Market Cap: $16.75M
Total Debt: $0.00
Cash: $3.10M
P/S Ratio (Price per dollar of revenue)
API
Stock Price / Revenue Per Share
9.17
Stock Price: $9.31
Revenue: $1.05M
Shares: 1,665,000
EV/Sales (Total value vs revenue — works when P/E can't)
API
8.77
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
-64.9%
Gross Profit: -$681,000
Revenue: $1.05M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-1,404.6%
Operating Income: -$14.73M
Revenue: $1.05M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-1,320.3%
Net Income: -$13.85M
Revenue: $1.05M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-81.8%
Net Income: -$13.85M
Total Equity: $22.10M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-94.5%
Operating Income: -$14.73M
Tax Rate: 0.0%
Equity: $22.10M
Total Debt: $0.00
Cash: $3.10M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
8.97
Current Assets: $21.98M
Current Liabilities: $2.45M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $22.10M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$0.63
Revenue: $1.05M
Shares: 1,665,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$13.27
Total Equity: $22.10M
Shares: 1,665,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-8.28
Operating CF: -$12.95M
CapEx: -$833,000
Shares: 1,665,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $9.31
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
Dividends Paid: N/A
Net Income: -$13.85M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares ASTC against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 23, 2026 10:06pm (3d ago)
Metric 2021 2022 2023 2024 2025
Revenue $334,000 $869,000 $750,000 $1.7M $1.0M
Cost of Revenue $298,000 $677,000 $444,000 $913,000 $1.7M
Gross Profit $36,000 $192,000 $306,000 $751,000 $-681,000
Operating Expenses $7.9M $8.8M $11.4M $14.0M $14.1M
Operating Income -$7.9M -$8.6M -$11.1M -$13.3M -$14.7M
Net Income -$7.6M -$8.3M -$9.6M -$11.7M -$13.9M
EBITDA -$7.2M -$7.8M -$9.2M -$10.8M -$12.7M
EPS $-10.38 $-5.24 $-5.95 $-7.12 $-8.32
EPS (Diluted)
Balance Sheet (Annual)
Last updated: Jun 23, 2026 10:06pm (3d ago)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $35.9M $26.5M $14.2M $10.4M $3.1M
Total Current Assets $65.1M $55.0M $44.7M $34.7M $22.0M
Total Assets $65.6M $56.2M $47.7M $37.6M $27.0M
Current Liabilities $4.2M $2.7M $2.7M $2.5M $2.5M
Long-Term Debt $0 $0 $0 $0 $0
Total Liabilities $4.4M $3.0M $3.0M $2.8M $4.9M
Total Equity $61.2M $53.2M $44.7M $34.8M $22.1M
Retained Earnings -$207.4M -$215.7M -$225.4M -$237.0M -$250.9M
Cash Flow (Annual)
Last updated: Jun 23, 2026 10:06pm (3d ago)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow -$7.4M -$6.8M -$7.6M -$9.7M -$13.0M
Capital Expenditure $-211,000 $-596,000 -$1.8M $-579,000 $-833,000
Free Cash Flow -$7.6M -$7.4M -$9.5M -$10.3M -$13.8M
Acquisitions (net) $0 $0 -$3.1M $0 $0
Debt Repayment
Dividends Paid
Stock Buybacks $0 $0 $-119,000 $0 $0
Net Change in Cash $32.6M -$9.5M -$12.2M -$3.8M -$7.3M
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 4:41am (4h ago)
Metric 2021 2022 2023 2024
Revenue $73.2M
$58.6M – $87.9M
$68.6M
$54.9M – $82.3M
$64.2M
$51.3M – $77.0M
$60.0M
$48.0M – $72.0M
EBITDA $35.2M
$25.5M – $44.9M
$32.2M
$23.0M – $41.4M
$30.1M
$21.5M – $38.8M
$28.2M
$20.1M – $36.2M
Net Income $29.9M
$20.9M – $38.8M
$27.2M
$18.6M – $35.7M
$25.4M
$17.4M – $33.4M
$23.7M
$16.3M – $31.2M
EPS
Growth Trends (YoY %)
Last updated: Jun 23, 2026 10:06pm (3d ago)
Metric 2022 2023 2024 2025
Revenue Growth +160.2% -13.7% +121.9% -37.0%
Gross Profit Growth +433.3% +59.4% +145.4% -190.7%
Operating Income Growth -8.7% -28.7% -20.1% -10.9%
Net Income Growth -9.6% -15.8% -21.0% -18.7%
EBITDA Growth -8.8% -16.9% -17.9% -17.6%
Insider Trading (Recent)
Last updated: Jun 27, 2026 4:41am (4h ago)
Type codes PPurchase SSale AAward / grant MOption exercise FIn-kind (tax) CConversion GGift DReturn to issuer
All SEC Form 4 codes
Open market
P Purchase
Open-market or private purchase of shares.
S Sale
Open-market or private sale of shares.
Compensation (Rule 16b-3)
A Award / grant
Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
D Return to issuer
Securities disposed back to the company under Rule 16b-3.
F In-kind (tax)
Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
I Discretionary
Discretionary transaction under an employee plan — Rule 16b-3(f).
M Option exercise
Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
C Conversion
Conversion of a derivative security into the underlying shares.
E Short expiration
Expiration of a short derivative position.
H Long expiration
Expiration or cancellation of a long derivative position with value received.
O OTM exercise
Exercise of an out-of-the-money derivative.
X ITM exercise
Exercise of an in-the-money or at-the-money derivative.
Other exempt
G Gift
Bona fide gift of securities.
L Small acquisition
Small acquisition under Rule 16a-6.
W Inheritance
Acquisition or disposition by will or the laws of descent.
Z Voting trust
Deposit into or withdrawal from a voting trust.
Other
J Other
Other acquisition or disposition (explained in a Form 4 footnote).
K Equity swap
Transaction in an equity swap or similar instrument.
U Tender / buyout
Disposition via tender of shares in a change-of-control transaction.

Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.

Date Insider Type Shares Price Value
2026-04-14 Wilkinson Tom A-Award 6,006.00 $0.00 $0
2026-04-14 Winn Charles Arch A-Award 6,006.00 $0.00 $0
2025-05-14 Halinski John William A-Award 6,006.00 $0.00 $0
2026-04-14 Stober Eric A-Award 6,006.00 $0.00 $0
2026-04-14 MCFARLAND ROBERT N A-Award 6,006.00 $0.00 $0
2025-10-27 Bartley Scott 0.00 $0.00 $0
2025-10-03 Leonard Braden Michael S-Sale 220,410.00 $7.13 $1.6M
2025-10-03 Leonard Braden Michael S-Sale 9,166.00 $5.83 $53,438
2025-08-13 Badugu Nihanth 1,800.00 $11.87 $21,366
2025-08-13 Badugu Nihanth 840.00 $11.51 $9,668
2025-05-22 Canas Jennifer A-Award 5,250.00 $5.95 $31,238
2025-05-22 Canas Jennifer A-Award 5,250.00 $0.00 $0
2025-05-22 Canas Jennifer 3,750.00 $10.10 $37,875
2025-05-22 Canas Jennifer 2,010.00 $11.51 $23,135
2025-05-22 Canas Jennifer 1,000.00 $13.20 $13,200
2025-05-14 MCFARLAND ROBERT N A-Award 3,000.00 $0.00 $0
2025-05-14 Stober Eric A-Award 3,000.00 $0.00 $0
2025-05-14 Pickens Thomas Boone III A-Award 50,000.00 $0.00 $0
2025-05-14 Halinski John William A-Award 3,000.00 $0.00 $0
2025-05-14 Winn Charles Arch A-Award 3,000.00 $0.00 $0
Narrative Economics
The story the market is telling about this stock — the intangible X-factor (founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for ASTC — it's generated by the pipeline (market-narrative step).
Community AI Feedback
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My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30