Astrotech (US:ASTC)2025-11-13 21:21Revenue Growth - Revenue increased to $297 thousand, representing a 35% growth compared to the fourth quarter of fiscal year 2025[5]. - Gross profit for the first quarter of fiscal year 2026 was $188 thousand, up from $9 thousand in the same quarter of the previous year[10]. - Astrotech's subsidiary, 1st Detect, contributed to increased grant revenue and sales of consumables, driving overall revenue growth[5]. Financial Performance - The net loss for the first quarter of fiscal year 2026 was $3.465 million, compared to a net loss of $3.278 million in the same quarter of the previous year[10]. - Total operating expenses were $3.724 million, slightly higher than $3.637 million in the prior year[10]. - Cash and cash equivalents totaled $2.646 million, with total assets amounting to $23.240 million as of September 30, 2025[11]. - The weighted average common shares outstanding increased to 1.673 million from 1.631 million year-over-year[10]. Strategic Initiatives - The company aims to commence revenue growth and global scaling in 2026, focusing on expanding its market presence in the Americas, Europe, and Asia[4]. - The company anticipates its cash reserves will support research and development, organic growth, and potential acquisition targets[5]. Deployment and Operations - The company has deployed the TRACER 1000 in approximately 34 locations across 16 countries as of September 30, 2025[5].