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Side-by-side financial comparison of ASTROTECH Corp (ASTC) and PULSE BIOSCIENCES, INC. (PLSE). Click either name above to swap in a different company.

PULSE BIOSCIENCES, INC. is the larger business by last-quarter revenue ($264.0K vs $148.0K, roughly 1.8× ASTROTECH Corp). ASTROTECH Corp runs the higher net margin — -2653.4% vs -6603.4%, a 3950.0% gap on every dollar of revenue. ASTROTECH Corp produced more free cash flow last quarter ($-4.0M vs $-14.9M).

Astrotech Corporation, formerly Spacehab Inc., is a technology incubator headquartered in Austin, Texas. Astrotech uses technology sourced internally and from research institutions, government laboratories, and universities to fund, manage and sell start-up companies. Astrotech Corporation's subsidiaries provide commercial products and services to NASA, the U.S. Department of Defense, national space agencies, and global commercial customers.

Colossal Biosciences Inc. is an American biotechnology and genetic engineering company working to de-extinct several extinct animals, including the woolly mammoth, the Tasmanian tiger, the northern white rhinoceros, the dire wolf, the dodo, and the moa. In 2023, it stated that it wants to have woolly mammoth hybrid calves by 2028, and wants to reintroduce them to the Arctic tundra habitat. Likewise, it launched the Tasmanian Thylacine Advisory Committee, a thylacine research project to releas...

ASTC vs PLSE — Head-to-Head

Bigger by revenue
PLSE
PLSE
1.8× larger
PLSE
$264.0K
$148.0K
ASTC
Higher net margin
ASTC
ASTC
3950.0% more per $
ASTC
-2653.4%
-6603.4%
PLSE
More free cash flow
ASTC
ASTC
$10.9M more FCF
ASTC
$-4.0M
$-14.9M
PLSE

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
ASTC
ASTC
PLSE
PLSE
Revenue
$148.0K
$264.0K
Net Profit
$-3.9M
$-17.4M
Gross Margin
5.4%
Operating Margin
-2635.8%
-6914.0%
Net Margin
-2653.4%
-6603.4%
Revenue YoY
-43.3%
Net Profit YoY
2.0%
10.1%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASTC
ASTC
PLSE
PLSE
Q4 25
$148.0K
$264.0K
Q3 25
$297.0K
$86.0K
Q2 25
$220.0K
$0
Q1 25
$534.0K
$0
Q4 24
$261.0K
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Net Profit
ASTC
ASTC
PLSE
PLSE
Q4 25
$-3.9M
$-17.4M
Q3 25
$-3.5M
$-19.4M
Q2 25
$-2.9M
$-19.2M
Q1 25
$-3.6M
$-16.8M
Q4 24
$-4.0M
$-19.4M
Q3 24
$-12.7M
Q2 24
$-11.4M
Q1 24
$-10.1M
Gross Margin
ASTC
ASTC
PLSE
PLSE
Q4 25
5.4%
Q3 25
63.3%
-224.4%
Q2 25
33.6%
Q1 25
44.4%
Q4 24
59.4%
Q3 24
Q2 24
Q1 24
Operating Margin
ASTC
ASTC
PLSE
PLSE
Q4 25
-2635.8%
-6914.0%
Q3 25
-1190.6%
-23682.6%
Q2 25
-1326.4%
Q1 25
-724.2%
Q4 24
-1655.6%
Q3 24
Q2 24
Q1 24
Net Margin
ASTC
ASTC
PLSE
PLSE
Q4 25
-2653.4%
-6603.4%
Q3 25
-1166.7%
-22540.7%
Q2 25
-1331.8%
Q1 25
-680.3%
Q4 24
-1536.0%
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASTC
ASTC
PLSE
PLSE
Cash + ST InvestmentsLiquidity on hand
$7.0M
$80.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.5M
$80.7M
Total Assets
$19.7M
$94.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASTC
ASTC
PLSE
PLSE
Q4 25
$7.0M
$80.7M
Q3 25
$11.3M
$95.2M
Q2 25
$15.1M
$106.3M
Q1 25
$18.1M
$119.3M
Q4 24
$21.5M
$118.0M
Q3 24
$79.0M
Q2 24
$26.2M
Q1 24
$34.9M
Stockholders' Equity
ASTC
ASTC
PLSE
PLSE
Q4 25
$15.5M
$80.7M
Q3 25
$19.1M
$92.7M
Q2 25
$22.1M
$104.5M
Q1 25
$24.8M
$118.5M
Q4 24
$28.1M
$114.9M
Q3 24
$79.1M
Q2 24
$27.0M
Q1 24
$36.3M
Total Assets
ASTC
ASTC
PLSE
PLSE
Q4 25
$19.7M
$94.5M
Q3 25
$23.2M
$108.8M
Q2 25
$27.0M
$120.3M
Q1 25
$27.5M
$133.4M
Q4 24
$31.0M
$132.5M
Q3 24
$93.0M
Q2 24
$40.4M
Q1 24
$49.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASTC
ASTC
PLSE
PLSE
Operating Cash FlowLast quarter
$-3.5M
$-14.8M
Free Cash FlowOCF − Capex
$-4.0M
$-14.9M
FCF MarginFCF / Revenue
-2671.6%
-5628.8%
Capex IntensityCapex / Revenue
277.7%
39.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-14.9M
$-54.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASTC
ASTC
PLSE
PLSE
Q4 25
$-3.5M
$-14.8M
Q3 25
$-3.9M
$-13.0M
Q2 25
$-2.4M
$-12.8M
Q1 25
$-3.9M
$-13.5M
Q4 24
$-3.0M
$-9.1M
Q3 24
$-9.0M
Q2 24
$-8.4M
Q1 24
$-9.8M
Free Cash Flow
ASTC
ASTC
PLSE
PLSE
Q4 25
$-4.0M
$-14.9M
Q3 25
$-4.4M
$-13.1M
Q2 25
$-2.7M
$-12.9M
Q1 25
$-3.9M
$-13.6M
Q4 24
$-3.4M
$-9.2M
Q3 24
$-9.1M
Q2 24
$-8.4M
Q1 24
$-9.8M
FCF Margin
ASTC
ASTC
PLSE
PLSE
Q4 25
-2671.6%
-5628.8%
Q3 25
-1476.1%
-15233.7%
Q2 25
-1231.4%
Q1 25
-728.1%
Q4 24
-1288.5%
Q3 24
Q2 24
Q1 24
Capex Intensity
ASTC
ASTC
PLSE
PLSE
Q4 25
277.7%
39.8%
Q3 25
150.8%
72.1%
Q2 25
158.2%
Q1 25
5.1%
Q4 24
122.2%
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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