Astrotech Corp Stock Price, News & Analysis

Astrotech (Nasdaq: ASTC) reported results for Q1 FY2026, quarter ended Sept 30, 2025. Revenue rose to $297,000, a 35% increase versus Q4 FY2025 driven by 1st Detect grant revenue and higher consumables sales. As of Sept 30, 2025, the company has deployed the TRACER 1000 in ~34 locations across 16 countries. The board appointed Nihanth Badugu as COO effective Aug 13, 2025. Consolidated cash and liquid investments totaled $13.9 million, which the company says will support R&D, organic growth, and potential acquisitions. Management highlighted traction in transportation, cargo screening, narcotics and explosives detection, and environmental testing as a platform for sales acceleration in 2026.

Astrotech Corporation (Nasdaq: ASTC) appointed Scott Bartley as Interim Chief Financial Officer, effective October 20, 2025. Bartley is a Certified Public Accountant and Certified Valuation Analyst with over two decades of finance experience across public and private companies and industries including technology, manufacturing, pharmaceuticals and broker‑dealer operations.

His background includes consulting (since 2011), roles at Bridgepoint Consulting, prior CFO positions, ownership of advisory firms, CFO of Westlake Securities (2008–2011), and Assurance Senior Manager at Deloitte & Touche. He holds a BBA and a Master of Professional Accounting from the University of Texas at Austin.

Astrotech (NASDAQ:ASTC) reported its fiscal year 2025 results, showing a decrease in revenue to $1.0 million due to lower device sales at its 1st Detect subsidiary. The company maintained a slight improvement in gross margin at 45.3% compared to 45.1% in the previous year.

Key developments include the formation of EN-SCAN, a new subsidiary for environmental testing, the launch of an enhanced TRACER 1000 Narcotics Trace Detector, and securing a DHS research contract. The TRACER 1000 is now deployed in 34 locations across 16 countries. The company maintains a strong financial position with $18.2 million in cash and investments as of June 30, 2025.

Astrotech Corporation (NASDAQ: ASTC) has appointed Nihanth Badugu as its new Chief Operating Officer, effective August 13, 2025. Badugu, 37, previously served as Astrotech's Director of Program Management since August 2023, where he led initiatives to enhance operational efficiency.

Prior to joining Astrotech, Badugu held positions at Thermo Fisher Scientific as NPI Program Manager (2020-2023), where he led COVID-19 diagnostic products launches, and served as Senior Program Manager at PVA Consulting Group (2017-2020). He holds a Bachelor of Science degree from York University.

Astrotech (NASDAQ: ASTC) has launched its new EN-SCAN product line of portable environmental testing instruments, featuring proprietary ATi Gas Chromatograph Column and Mass Spectrometer Technology. The product lineup includes three solutions: EN-SCAN Rugged-Lab GC-MS, EN-SCAN Fenceline Monitor, and EN-SCAN Handheld GC.

The technology enables real-time environmental monitoring for air, water, and soil analysis, delivering instant results compared to traditional methods that require lab testing and lengthy wait times. EN-SCAN devices come preloaded with thousands of chemical signatures and support applications in environmental compliance, refining, manufacturing, emergency response, and industrial hygiene.

Astrotech (NASDAQ:ASTC) announced its participation in the upcoming H.C. Wainwright 27th Annual Global Investment Conference. The company's leadership team, including Chairman and CEO Thomas B. Pickens III and CFO Jennifer Cañas, will conduct investor meetings on September 9, 2025 at the Lotte New York Palace Hotel in New York City.

Interested investors can schedule meetings through their H.C. Wainwright representative or by contacting Astrotech's Investor Relations directly.

Astrotech Corporation (NASDAQ: ASTC) announced the first sale and deployment of its TRACER 1000™ Narcotics Trace Detector in Vietnam through its subsidiary 1st Detect. This expansion into Southeast Asia represents a strategic milestone in the company's global growth.

The TRACER 1000 NTD™ system, which utilizes Mass Spectrometry technology, provides confirmatory trace narcotics detection with near-zero false alarm rates. CEO Tom Pickens highlighted that the global narcotics and explosives trace detection market is valued at over $7 billion and is experiencing rapid growth due to increasing demand for innovative security solutions.

Astrotech Corporation (NASDAQ: ASTC) has appointed Jennifer Cañas as its new Chief Financial Officer, effective May 22, 2025. Cañas, who has served as the Company's Corporate Controller since June 2022, brings over 20 years of senior financial experience to the role. Prior to joining Astrotech, she was Controller at The Texas Water Company (2018-2022) and founded a tax and financial advisory firm. She also has experience at PricewaterhouseCoopers and other accounting firms.

A Certified Public Accountant, Cañas graduated with honors from the University of Houston – Clear Lake with a BS in accounting. She is actively involved in community service through Big Brothers Big Sisters and Financial Peace University. Chairman and CEO Thomas B. Pickens III praised Cañas' leadership and competence, expressing confidence in her ability to deliver value for shareholders.

Astrotech (NASDAQ: ASTC) reported its Q3 FY2025 financial results, showing significant revenue growth to $534,000 compared to $50,000 in Q3 FY2024. The revenue came from TRACER 1000™ shipments, a government grant, and recurring sales. The company maintains a strong balance sheet with $20.9 million in cash and investments, down from $31.9 million in June 2024.

Key developments include a DHS R&D contract for the TRACER 1000, a $429,000 purchase order from Intuitive Research, the creation of EN-SCAN subsidiary for environmental testing, and the configuration of TRACER 1000 NTD for synthetic opiate detection. The company's mass spectrometry instruments are now deployed in 15 countries for explosive trace detection, with expanded applications in narcotics detection, environmental monitoring, and chemical processing.