1st Detect Corporation's detection and analysis mass spectrometry systems deployed worldwide offer the ability to reduce false alarms and strengthen checkpoint screeningAUSTIN, Texas, Dec. 12, 2025 (GLOBE NEWSWIRE) -- Astrotech Corporation (Nasdaq: ASTC) (the “Company” or “Astrotech”) today announced its support of the Department of Homeland Security’s (“DHS”) recent initiative to modernize aviation security screening and technology nationwide. On November 22, 2025, DHS Secretary Kristi Noem announced a $1 ...

Core Insights - Astrotech Corporation reported a revenue increase of 35% to $297 thousand in the first quarter of fiscal year 2026 compared to the previous quarter, driven by higher grant revenue and increased sales of consumables from its subsidiary, 1st Detect [6][10]. Financial Performance - The gross profit for the first quarter was $188 thousand, with a cost of revenue of $109 thousand [10]. - Total operating expenses amounted to $3.724 million, with selling, general, and administrative expenses at $1.780 million and research and development expenses at $1.944 million [10]. - The net loss for the quarter was $3.465 million, resulting in a net loss per share of $2.07 [10][11]. Company Developments - The company has deployed the TRACER 1000 in approximately 34 locations across 16 countries, enhancing its global presence [6]. - A new Chief Operating Officer, Mr. Nihanth Badugu, was appointed effective August 13, 2025, indicating a strategic move to strengthen leadership [6]. Market Opportunities - Astrotech is focusing on expanding its market reach in transportation, cargo screening, narcotics and explosives detection, environmental testing, and industrial controls [3][4]. - The company is experiencing strong traction with its EN-SCAN environmental testing solutions, which are expected to help customers reduce operating costs and improve response times [4]. Financial Position - As of September 30, 2025, Astrotech had $13.9 million in cash and cash equivalents and liquid investments, which is anticipated to support research and development, organic growth, and potential acquisitions [6].