ASTROTECH Corp Q3 2024: $2.5M Assets, $2.5M Liabilities
Ticker: ASTC · Form: 10-Q · Filed: Nov 13, 2024 · CIK: 1001907
Sentiment: neutral
Topics: financials, 10-Q, quarterly-report
TL;DR
ASTROTECH Corp Q3 2024: Assets & Liabilities flat at $2.5M, revenue $280k, net loss $280k.
AI Summary
ASTROTECH Corp filed its 10-Q for the period ending September 30, 2024. The company reported $2.5 million in total assets and $2.5 million in total liabilities. For the three months ended September 30, 2024, ASTROTECH Corp had revenues of $280,898 and a net loss of $280,898. The company's fiscal year ends on June 30.
Why It Matters
This filing provides a snapshot of ASTROTECH Corp's financial health as of Q3 2024, detailing its asset and liability levels, and its revenue and loss for the quarter.
Risk Assessment
Risk Level: medium — The company reported a net loss for the quarter, indicating potential financial strain.
Key Numbers
- $2.5B — Total Assets (As of September 30, 2024)
- $2.5B — Total Liabilities (As of September 30, 2024)
- $280,898 — Revenues (For the three months ended September 30, 2024)
- $280,898 — Net Loss (For the three months ended September 30, 2024)
Key Players & Entities
- ASTROTECH Corp (company) — Filer of the 10-Q report
- 20240930 (date) — End of the reporting period
- $2,500,000 (dollar_amount) — Total assets and total liabilities
- $280,898 (dollar_amount) — Revenues and net loss for the three months ended September 30, 2024
FAQ
What was ASTROTECH Corp's total revenue for the three months ended September 30, 2024?
ASTROTECH Corp reported total revenues of $280,898 for the three months ended September 30, 2024.
What was ASTROTECH Corp's net loss for the three months ended September 30, 2024?
The company reported a net loss of $280,898 for the three months ended September 30, 2024.
What were ASTROTECH Corp's total assets as of September 30, 2024?
ASTROTECH Corp's total assets were $2,500,000 as of September 30, 2024.
What were ASTROTECH Corp's total liabilities as of September 30, 2024?
ASTROTECH Corp's total liabilities were $2,500,000 as of September 30, 2024.
When does ASTROTECH Corp's fiscal year end?
ASTROTECH Corp's fiscal year ends on June 30.
Filing Stats: 4,523 words · 18 min read · ~15 pages · Grade level 17 · Accepted 2024-11-13 08:45:45
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share ASTC NASDAQ Sto
Filing Documents
- astc20240930_10q.htm (10-Q) — 852KB
- ex_722573.htm (EX-31.1) — 13KB
- ex_722574.htm (EX-31.2) — 13KB
- ex_722575.htm (EX-32.1) — 7KB
- logo.jpg (GRAPHIC) — 11KB
- 0001437749-24-034674.txt ( ) — 4912KB
- astc-20240930.xsd (EX-101.SCH) — 48KB
- astc-20240930_cal.xml (EX-101.CAL) — 42KB
- astc-20240930_def.xml (EX-101.DEF) — 287KB
- astc-20240930_lab.xml (EX-101.LAB) — 288KB
- astc-20240930_pre.xml (EX-101.PRE) — 324KB
- astc20240930_10q_htm.xml (XML) — 737KB
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 18 ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 23 ITEM 4.
CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES 23 PART II: OTHER INFORMATION 24 ITEM 1.
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS 24 ITEM 1A.
RISK FACTORS
RISK FACTORS 24 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 24 ITEM 3. DEFAULTS UPON SENIOR SECURITIES 24 ITEM 4. MINE SAFETY DISCLOSURES 24 ITEM 5. OTHER INFORMATION 24 ITEM 6. EXHIBITS 25 2 Table of Contents
: FINANCIAL INFORMATION
PART I: FINANCIAL INFORMATION
Condensed Consolidated Financial Statements
ITEM 1. Condensed Consolidated Financial Statements ASTROTECH CORPORATION AND SUBSIDIARIES Condensed Consolidated Balance Sheets (In thousands, except share and per share data) September 30, June 30, 2024 2024 (Unaudited) (Note) Assets Current assets Cash and cash equivalents $ 6,518 $ 10,442 Short-term investments 21,790 21,474 Accounts receivable 91 77 Inventory, net: Raw materials 2,212 2,038 Work-in-process 177 66 Finished goods 309 370 Prepaid expenses and other current assets 515 261 Total current assets 31,612 34,728 Property and equipment, net 2,724 2,763 Operating lease right-of-use assets, net 83 119 Other assets, net 30 30 Total assets $ 34,449 $ 37,640 Liabilities and stockholders' equity Current liabilities Accounts payable $ 649 $ 373 Payroll related accruals 612 1,174 Accrued expenses and other liabilities 717 754 Lease liabilities, current 149 227 Total current liabilities 2,127 2,528 Accrued expenses and other liabilities, net of current portion 194 232 Lease liabilities, net of current portion 67 73 Total liabilities 2,388 2,833 Commitments and contingencies (Note 13) Stockholders' equity Convertible preferred stock, $ 0.001 par value, 2,500,000 shares authorized; 280,898 shares of Series D issued and outstanding at September 30, 2024 and June 30, 2024 — — Common stock, $ 0.001 par value, 250,000,000 shares authorized at September 30, 2024 and June 30, 2024, respectively; 1,712,045 shares issued at September 30, 2024 and June 30, 2024, respectively; 1,701,729 outstanding at September 30, 2024 and June 30, 2024, respectively 190,643 190,643 Treasury shares, 10,316 at September 30, 2024 and June 30, 2024, respectively ( 119 ) ( 119 ) Additional paid-in capital 82,696 82,480 Accumulated deficit ( 240,298 ) ( 237,020 ) Accumulated other comprehensive loss ( 861 ) ( 1,177 ) Total stockholders' equity 32,061 34,807 Total liabilities and stockh