Wed, May 14, 1:21 PM (40 days ago)
**Astrotech Corporation (ASTC) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** Q1 2025 revenue was $534,000, a significant increase from $50,000 in Q1 2024, driven by sales of the TRACER 1000, a government grant, and ongoing consumable and maintenance services. - **Profit Margins:** Gross margin improved to 44% in Q1 2025 from 16% in Q1 2024, indicating higher-margin device sales. - **Operating Expenses:** Increased by 15.9% to $4.1 million in Q1 2025, due to higher sales consulting and R&D spending. - **Net Loss:** Net loss widened to $3.6 million in Q1 2025 from $3.2 million in Q1 2024, primarily due to increased operating expenses. - **Cash Flow:** Net cash used in operating activities increased to $10.6 million in Q1 2025 from $7.2 million in Q1 2024, reflecting higher operating losses. **Year-to-Date (YTD) Performance (Nine Months Ended March 31):** - **Revenue:** YTD revenue decreased to $829,000 in 2025 from $1.6 million in 2024, due to fewer device sales. - **Gross Margin:** Improved to 48% in 2025 from 45% in 2024, benefiting from higher-margin device sales and grant revenue. - **Operating Expenses:** Increased by 14.6% to $12.2 million in 2025, driven by higher R&D and SG&A expenses. - **Net Loss:** YTD net loss widened to $10.9 million in 2025 from $8.7 million in 2024. - **Cash Flow:** Cash and cash equivalents decreased by $7.6 million to $2.8 million as of March 31, 2025, primarily due to funding operating losses. **Trends and Uncertainties:** - **Revenue Growth:** Q1 2025 saw a substantial increase in revenue, but YTD revenue declined due to fewer device sales. - **Operating Expenses:** Continued investment in R&D and sales consulting is expected to drive future growth. - **Cash Flow:** The company faces liquidity challenges, with cash and cash equivalents decreasing significantly. - **Future Operations:** Astrotech is focusing on commercializing its AMS Technology through various subsidiaries and exploring new markets. **Forward-Looking Statements:** - Astrotech faces risks related to global economic conditions, supply chain disruptions, regulatory changes, and competition. - The company is pursuing strategic initiatives to expand its product offerings and market reach, but success is not guaranteed. - Astrotech's financial performance may be impacted by various factors, including changes in government funding, trade policies, and market demand. **Ticker:** ASTC **Note:** Amounts are in thousands, 000s.