Astrotech Corporation (DE) Common Stock (ASTC)

FairStock Score: 44/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach this as a Graham-style bargain hunter, but Astrotech fails the first test of a durable business: it has no earnings power. In fiscal 2026, the year ended 2026-06-30, revenue was only $913,000 and net loss was $14.4 million, or $8.49 per diluted share. That follows fiscal 2025 revenue of $1.0 million and a $13.8 million loss, and fiscal 2024 revenue of $1.7 million and an $11.7 million loss. So the top line is shrinking while losses persist. FairStock's Lynch category is none precisely because the company lost money in each of the last four years. The mass-spectrometry and TRACER 1000 story may have intellectual property value, but a moat requires repeat customers and pricing power, neither visible in sub-million-dollar annual revenue. Financial health is poor: trailing free cash flow was negative $14.7 million, a FairStock FCF yield of -121.0% against a $12.2 million market cap, and the Altman Z-Score is -20.84. FairStock calculations show ROE of -76.36% and ROCE of -39.53%, confirming capital is being consumed. The Piotroski F-Score of 4/9 is mediocre, while the 0.20 debt-to-equity ratio is one of the few comforts. At $6.06 on 2026-10-13, the P/B of 0.84 might look like a discount to book, and the negative P/E of -0.72 reminds us there are no profits to value. Beta of 4.89 signals extreme volatility. Without evidence of commercial traction, this is a speculation on future adoption, not a value investment with a margin of safety.

In plain English: Astrotech is a small company that makes scientific instruments, including a mass spectrometer for detecting explosives. The business looks weak: sales are tiny and shrinking, and it loses millions of dollars every year. At $6.06 on 2026-10-13, the shares look inexpensive only against the company's paper assets, but because there are no profits and cash is being burned, it is not a clearly cheap business.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q4 2026 10-K (period ended 2026-06-30) · fiscal Q3 2026 10-Q (period ended 2026-03-31) · fiscal Q2 2026 10-Q (period ended 2025-12-31) · fiscal Q1 2026 10-Q (period ended 2025-09-30) · FY2026 10-K (period ended 2026-06-30) · FY2025 10-K (period ended 2025-06-30) · FY2024 10-K (period ended 2024-06-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer