Astrotech Q2 revenue drops; names interim CFO

Astrotech

13/02/2026 13:24

Overview

Instrumentation company's fiscal Q2 revenue fell compared to last year

R&D expenses fell 25% as company transitions to saleable products

Outlook

Company sees positive momentum in sales pipeline across global markets

Astrotech emphasizes library capabilities for explosives and narcotics detection

Company strengthens team with new appointments for revenue growth and global scale

Result Drivers

R&D EXPENSES - R&D expenses fell 25% as co transitions to saleable products for EN-SCAN Handheld GC and 1st Detect Tracer 1000 lines

PRODUCT DEPLOYMENT - TRACER 1000 system deployed in 35 locations across 16 countries, indicating market expansion

TEAM STRENGTHENING - Co appointed Scott Bartley as Interim CFO and David Spada as Director of Global Sales to support revenue growth and scaling

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$148,000
Q2 EPS
-$2.34
Q2 Net Income
-$3.93 mln
Q2 Gross Profit
$8,000
Q2 Operating Expenses
$3.91 mln


Press Release: ID:nGNX30nlmQ

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)