Astrotech Corporation

ASTC

Aerospace & Defense · Industrials

Price

$7.51

-0.05 (-0.66%)

Market Cap

$15.1M

Exchange

NASDAQ Capital Market

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Good

Valuation

Data not available

Track this stock — start free trial

Share count rising — dilution

+127.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 733K (2021) → 1.7M (2025)

Winston Score History

The full picture

Astrotech Corporation is a small aerospace and technology company based in Austin, Texas. It develops detection and sensing technologies, with its main product being the 1st Detect mass spectrometer — a device that can identify chemicals, explosives, and drugs in the air. Its primary target customers are government agencies, airports, and defense organizations that need portable chemical detection tools.

Astrotech makes money by selling its detection hardware and pursuing government contracts and licensing deals. The company is very small, with a market cap near zero and deeply negative profit margins, meaning it spends far more than it earns right now. Its main competitive challenge is breaking into a market dominated by much larger, well-funded defense and security companies, and its financial losses raise real questions about whether it can fund operations long enough to reach commercial scale.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-35.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-3.2% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$8M/ year

↑ Rising (+20% vs prior year)

776.2% of revenue

194.0x the sector average (4%)

Investing heavily in future products and technology

Insider Activity

31.1%ownership

↑ Rising

Insiders increasing their stake — aligned with shareholders

Cash Runway

~5 months

$7M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Heavy R&D investment

Astrotech Corporation is putting 776% of revenue into R&D and that number is rising. That's 194.0x the sector average.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

-67.6%

Thin — -67.6% gross margin

Profit after running costs

Operating Margin

-1006.7%

Losing money on operations — -1006.7%

Return on the money invested

ROCE

-111.1%

Weak — -111.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+11.6%

Steady sales growth (+11.6% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

1/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-1461.8%

Burning cash (-1461.8%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.02

Conservative — low debt load (0.02)

Covers its interest

Interest Cover

N/A

—

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial