ASTROTECH Corp
For the period ended Feb 13, 2026. Filed Feb 13, 2026.
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Feb 13, 2026 · Filed Feb 13, 2026
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EX-99.1 · Financial Highlights & Recent Developments
Financial Highlights & Recent Developments
| ● | Research and development expense was $1,832 thousand, a decline of 25% from the second quarter of fiscal year 2025 as the Company transitions from development stage to saleable products for its EN-SCAN Handheld GC and 1st Detect Tracer 1000 product lines. |
| ● | Through December 31, 2025, the Company has deployed the TRACER 1000 trace detection system in approximately 35 locations in 16 countries across the United States, Europe and Asia. |
“We continue to see positive momentum in our sales pipeline across our global markets year-to-date in fiscal year 2026. Customers in our end markets are increasingly recognizing the value of our mass spectrometry and gas chromatography solutions, which offer real-time operational results and extensive reference libraries that can be tailored to specific end market applications. We believe our library capabilities are of particular interest in the explosives and narcotics trace detection markets, as new narcotics and explosives are being discovered, leading to an urgent need for the ability to expand screening capabilities for both public safety and law enforcement in particular” said Thomas B. Pickens, III, Astrotech’s Chairman and Chief Executive Officer. “Additionally, we have strengthened our team with the appointment of Scott Bartley as Interim Chief Financial Officer and David Spada as Director of Global Sales in our 1 st Detect subsidiary as we move toward sustained revenue growth and global scale.”
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