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ASTROTECH Corp

For the period ended Nov 13, 2025. Filed Nov 13, 2025.

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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.

Nov 13, 2025 · Filed Nov 13, 2025

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ASTC$4.23+6.5%Stored close · as of Nov 6, 2026
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EX-99.1 · Financial Highlights & Recent Developments

Financial Highlights & Recent Developments

●Revenue increased to $297 thousand or 35% in the first quarter of fiscal year 2026 as compared to the fourth quarter of fiscal year 2025 as Astrotech’s subsidiary, 1st Detect, had more grant revenue and sold more consumables compared to prior quarter.
●As of September 30, 2025, the Company has deployed the TRACER 1000 in approximately 34 locations in 16 countries across the United States, Europe and Asia.
●On August 18, 2025, the Company announced that the Board of Directors of the Company had appointed Mr. Nihanth Badugu as Chief Operating Officer of the Company and its subsidiaries, effective as of August 13, 2025.
●Astrotech’s consolidated balance sheet consisted of $13.9 million in cash and cash equivalents and liquid investments, which is anticipated to support the Company’s research and development, organic growth, and potential acquisition targets.

“The start of fiscal year 2026 has brought exciting progress in our dynamic global served markets, including transportation and cargo screening, narcotics and explosives detection, environmental testing and industrial controls. We believe that our solutions provide more precise results, extensive reference libraries, rapid cycle time and simplified operating procedures – creating reliable, field-ready solutions with minimal training or maintenance required,” said Thomas B. Pickens, III, Astrotech’s Chairman and Chief Executive Officer.

“Accordingly, our sales team is working a growing number of opportunities as customers increasingly understand the business benefits of our mass spectrometry and gas chromatography systems applied to their specific business needs on-site and in real-time. We have now expanded to opportunities across the Americas, Europe and Asia with our 1st Detect explosive trace detectors and narcotic trace detectors systems. Additionally, our EN-SCAN environmental testing solutions are generating strong traction to support field monitoring and remediation requirements, which we believe will create new ways for customers to reduce operating costs and improve response times. We believe this activity represents a strong platform for sales acceleration in 2026 as we aim to commence revenue growth and global scaling.”

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