Astrotech Corp 2025年季度报告

FORM10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember 30, 2025 or (Exact Name of Registrant as Specified in its Charter) Delaware91-1273737State or Other Jurisdiction ofIncorporation or OrganizationI.R.S. Employer Identification No. 1817 W. Braker Lane, Suite 400,Austin,Texas78758Address of Principal Executive OfficesZip Code (512)485-9530Registrant’s Telephone Number, Including Area Code Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report Securities registered pursuant to Section 12(b) of the Act: Title of each classTradingSymbol(s)Name of each exchange on whichregisteredCommon Stock, $0.001 par value per shareASTCNASDAQStock Market, LLC Table of Contents Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to filesuch reports), and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period thatthe registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Acceleratedfiler☐Smallerreportingcompany☒ Largeacceleratedfiler☐Non-accelerated filer☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act).Yes☐No☒ As of November 11, 2025, the number of shares of the registrant’s common stock issued and outstanding was:1,758,953. ASTROTECH CORPORATION AND SUBSIDIARIESQUARTERLY REPORT ON FORM 10-QTABLE OF CONTENTS PART I:FINANCIAL INFORMATION ITEM 1.CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)ITEM 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONSITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKITEM 4.CONTROLS AND PROCEDURES PART II:OTHER INFORMATION ITEM 1.LEGAL PROCEEDINGSITEM 1A.RISK FACTORSITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDSITEM 3.DEFAULTS UPON SENIOR SECURITIESITEM 4.MINE SAFETY DISCLOSURESITEM 5.OTHER INFORMATIONITEM 6.EXHIBITS PART I: FINANCIAL INFORMATION ITEM 1.Condensed Consolidated Financial Statements ASTROTECH CORPORATION AND SUBSIDIARIESCondensed Consolidated Balance Sheets(In thousands, except share and per share data) ASTROTECH CORPORATION AND SUBSIDIARIESCondensed Consolidated Statements of Operations and Comprehensive Loss(In thousands, except per share data)(Unaudited) Three Months EndedSeptember 30,20252024Revenue$297$34Cost of revenue10925Gross profit1889Operating expenses:Selling, general and administrative1,7801,688Research and development1,9441,949Total operating expenses3,7243,637Loss from operations(3,536)(3,628)Other income and expense, net71350Net loss$(3,465)$(3,278)Weighted average common shares outstanding:Basic and diluted1,6731,631Basic and diluted net loss per common share:Net loss per common share$(2.07)$(2.01)Other comprehensive loss, net of tax:Net loss$(3,465)$(3,278)Available-for-sale securities:Net unrealized gain (loss)148316Total comprehensive loss$(3,317)$(2,962) ASTROTECH CORPORATION AND SUBSIDIARIESCondensed Consolidated Statements of Cash Flows(In thousands)(Unaudited) Table of Contents ASTROTECH CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) (1) General Information Business Overview The terms “Astrotech”, “the Company”, “we”, “us”, or “our” refer to Astrotech Corporation (Nasdaq: ASTC), a Delaware Our mission is to expand access to mass spectrometry ("MS") and its use through the deployment of devices designed specificallyfor the appropriate levels of precision required in high-volume, real-time testing environments such as airports, border checkpoints,cargo hubs, infrastructure security, correctional facilities, military bases, law enforcement centers, and industrial locations. TheAstrotech Mass Spectrometer Technology™(“AMS Technology”) platform achieves our mission through simplifying the userinterface, automating the complicated calibration process, ruggedizing the critical comp