Highest-materiality recent filing
Astrotech board authorizes potential sale of 1st Detect subsidiary to fund lunar mining initiative
Board approved management to engage in sale process for 1st Detect, developer of TRACER 1000 mass spectrometry ETD.
Astrotech enters $24.5M ATM equity offering agreement with H.C. Wainwright
ATM agreement with H.C. Wainwright for sale of up to $24,492,819 of common stock.
Astrotech Q3 FY2026: R&D expense down 28%; TRACER 1000 deployed in 37 sites across 16 countries
R&D expense $554K, down 28% from prior year, reflecting shift from development to saleable products.
Astrotech Q2 FY2026 R&D expense down 25% YoY; Tracer 1000 in 35 locations
R&D expense $1.832M, down 25% from Q2 FY2025 as company transitions from development to commercial sales.
Astrotech extends poison pill to Dec 2026; annual meeting elects directors
Rights Agreement (poison pill) extended to 5:00 PM ET on December 20, 2026 via Amendment No. 3.
Astrotech reports Q1 FY2026 revenue of $297K, up 35% sequentially; cash at $13.9M
Revenue of $297K, a 35% increase from Q4 FY2025, driven by grant revenue and consumables sales at 1st Detect.
Transaction Bonus Plan approved: bonus pool equals 10% of first $50M net proceeds, 5% of $50-100M, 2% over $100M; minimum $30M net proceeds to activate.
Astrotech appoints Scott Bartley as Interim CFO, Treasurer and Secretary
Board appointed Scott Bartley as Interim CFO, Treasurer and Secretary, effective Oct 20, 2025.
Astrotech CFO Jennifer Canas resigns effective immediately
Jennifer Canas resigned as CFO, Treasurer and Secretary effective October 17, 2025.
Astrotech reports FY 2025 revenue $1.0M, cash $18.2M, launches EN-SCAN subsidiary
Revenue decreased to $1.0M; gross margin 45.3% vs 45.1% prior year.
Astrotech appoints Nihanth Badugu as COO effective Aug 13, 2025
Badugu previously served as Director of Program Management since Aug 2023.
Astrotech appoints Jennifer Cañas as CFO, replacing Ryan Polk, effective May 22, 2025
Ryan Polk removed as CFO, Treasurer, Secretary; his Independent Contractor Agreement terminated effective July 21, 2025.
Astrotech Q3 FY2025 revenue $534K (vs $50K); cash drops to $20.9M
Q3 revenue $534K, up 968% from $50K in prior-year quarter, driven by TRACER 1000 shipments and government grant.
Astrotech subsidiary 1st Detect launches enhanced TRACER 1000 narcotics trace detector
Enhanced TRACER 1000 NTD uses mass spectrometry to detect synthetic opiates and novel psychoactive substances (NPS).
Astrotech launches EN-SCAN subsidiary for field GC-MS instruments; debut at PITTCON
Astrotech creates wholly owned subsidiary EN-SCAN, Inc. to manufacture and sell environmental testing instruments using proprietary GC-MS technology.
Astrotech Q2 FY2025 revenue $295k; cash $24.7M; new DHS contract
Q2 FY2025 revenue of $295K, primarily from DHS activities for TRACER 1000 ETD.
Astrotech CFO Jaime Hinojosa resigns; Ryan Polk named interim CFO effective Feb 14, 2025
CFO Jaime Hinojosa resigns effective Feb 14, 2025 to work in family business; will provide transition consulting through June 30, 2025 at $175/hour.
Astrotech's 1st Detect receives $429K purchase order for TRACER 1000 ETDs from TSA contractor
First purchase order for TRACER 1000 explosive trace detectors after TSA approval.
Astrotech subsidiary awarded $1.29M DHS contract for TRACER 1000 explosives detection R&D
1st Detect Corp awarded DHS R&D contract for next-gen explosives trace detection using TRACER 1000.
Astrotech CFO Jaime Hinojosa resigns, effective Feb 14, 2025
Jaime Hinojosa resigns as CFO, Treasurer and Secretary, effective February 14, 2025.
Astrotech enters amended indemnification agreements with all directors as of Dec 18, 2024
Board approved amended form of indemnification agreement; executed with each director on Dec 18, 2024.
Astrotech shareholders elect all 6 directors; say-on-pay passes by slim margin
All six director nominees elected; Thomas Pickens III received 335,501 for, 405,245 withheld (majority withheld).
Astrotech extends shareholder rights agreement expiration to Dec 2025
Extended final expiration date of Rights Agreement to 5:00 PM NY time on December 20, 2025.
Astrotech reports Q1 FY2025 results; no revenue or EPS figures disclosed
Operating expenses increased $119K (3.3%) driven by trade event participation in the U.S.
Astrotech reports FY2024 revenue $1.7M; cash $31.9M; TSA advances TRACER 1000
Revenue $1.7M for FY2024; gross margin improved to 45% from 41% on recurring revenue.
Astrotech’s TRACER 1000 approved by TSA for Air Cargo Security Technology List
TSA approved TRACER 1000 for ACSTL 'Approved' section, advancing to Stage II field testing.
Astrotech subsidiary AgLAB and SC Labs partner to market mass spectrometer and testing method
AgLAB (Astrotech subsidiary) and SC Labs enter master lease agreement for AgLAB 1000-D2 mass spectrometer.
Astrotech Q3 FY2024: Cash $34.7M, YTD revenue $1.6M from TRACER 1000 sales
Cash and liquid investments $34.7M as of March 31, 2024; no debt mentioned.
Tracer 1000 NTD uses mass spectrometry; detection library covers 12 illegal drugs including fentanyl, heroin, cocaine.
Astrotech Q2 FY2024 YTD revenue $1.54M, up 512% YoY; cash $37M
YTD revenue $1.54M, up 512% from $301K in prior year period.
Astrotech shareholders elect five directors and ratify RBSM as auditor at 2023 annual meeting
All five director nominees elected: Pickens III, Russler Jr., Wilkinson, Becker, McFarland.
Astrotech extends shareholder rights plan expiration to Dec 20, 2024
Amendment No. 1 to Rights Agreement extends Final Expiration Date to 5:00 PM ET on Dec 20, 2024.
Astrotech forms Pro-Control subsidiary for chemical process control mass spec
New wholly owned subsidiary Pro-Control, Inc. formed; exclusive license to ATi mass spectrometer technology.
1st Detect, Astrotech subsidiary, received order for seven TRACER 1000 explosives trace detectors from Romania-based buyer.
Astrotech Q1 FY2024 revenue $425K, gross margin 43%, cash $39M; new TRACER 1000 order
Revenue $425K vs $38K YoY; gross margin improved to 43% from 16%.
Astrotech (ASTC) appoints RBSM as new independent auditor for FY2024
Armanino LLP resigned as auditor effective after filing of FY2023 10-K on Sept 28, 2023.
Astrotech reports FY 2023 revenue of $750k; gross margin rises to 41%
Cash and liquid investments total $42.1M to fund R&D, growth, and M&A.
Astrotech's auditor Armanino LLP resigns due to decision to cease serving public companies
Armanino LLP resigned as independent auditor effective after filing FY2023 10-K, citing a decision to stop serving public companies.
Astrotech board amends bylaws to adopt universal proxy rules and update nomination procedures
Board approved amendments effective July 31, 2023, addressing Rule 14a-19 universal proxy rules.
Astrotech Board rejects BML's $17.25/share acquisition proposal as undervaluing company
Offer price of $17.25 is 34% below $26.17 per share of cash and short-term investments as of March 31, 2023.
Astrotech terminates unused at-the-market equity offering agreement with H.C. Wainwright
Terminated ATM agreement dated June 16, 2023 with H.C. Wainwright, effective June 27, 2023.
Astrotech receives unsolicited $17.25/share acquisition proposal from BML
BML Investment Partners offers $17.25 per share cash for all outstanding stock; BML holds ~13% of shares.
Astrotech enters $5.98M ATM equity offering; terminates share repurchase program
Entered at-the-market offering agreement with H.C. Wainwright for up to $5,982,724 of common stock.
Astrotech reports YTD revenue $336K, cash $44.1M; secures 17-unit TRACER 1000 order
Year-to-date (through March 31, 2023) revenue $336K from TRACER 1000 sales and services.
Astrotech subsidiary AgLAB field trials show 30% yield improvement for hemp/cannabis oil processing
AgLAB 1000-D2 mass spectrometer and Maximum Value Process method used in field trials.
Order for 17 TRACER 1000 ETDs from Romania-based security tech integrator; deliveries in 2023.
Astrotech adopts amended Audit Committee charter per class action settlement
Delaware Court of Chancery approved settlement on Feb 13, 2023, resolving class action and derivative lawsuit.
Court approves settlement of derivative suit over 2020 certificate amendment; $290k fee awarded
On Feb 13, 2023, Delaware Chancery Court approved settlement of Stein v. Pickens derivative action with prejudice.
Astrotech Q2 FY2023: $46.8M cash, YTD rev $301K, gross margin 38%, new products, $1M buyback
YTD revenue $301K (6mo ended Dec 31, 2022); gross margin improved to 38% from 18% YoY.
Astrotech appoints Bob McFarland to board of directors, expands board to five
Board size increased from four to five directors; McFarland appointed effective Jan 27, 2023.
the Board appointed Jennifer Cañas, the Company’s existing Controller, as the Chief Financial Officer, Treasurer and Secretary of the Company, including the role of principal financial and accounting officer, effective as of May 22, 2025.
the Board removed Mr. Polk from his positions as Chief Financial Officer, Treasurer and Secretary of the Company, effective as of the Notice Date.
appointed Ryan Polk, 56, as interim Chief Financial Officer, Treasurer and Secretary of the Company, effective as of February 14, 2025
resignation of Mr. Hinojosa from the positions of the Company’s Chief Financial Officer, Treasurer and Secretary, effective February 14, 2025
On January 7, 2025, Jaime Hinojosa informed Astrotech Corporation (the “Company”) of his resignation from the positions of the Company’s Chief Financial Officer, Treasurer and Secretary, effective February 14, 2025.
On January 27, 2023, the Board of Directors (the “Board”) of Astrotech Corporation (the “Company”) increased the size of the Board from four to five directors and appointed Bob McFarland as a director of the Company, effective as of January 27, 2023.
On June 20, 2022, the Board of Directors (the “Board”) of Astrotech Corporation (the “Company”) appointed Jim Becker as a director of the Company, effective as of June 20, 2022, to fill a vacancy on the Board.
On April 20, 2022, Astrotech Corporation (the “Company”) was informed of the death of director Mr. Ronald W. Cantwell, who passed away on April 19, 2022.
In connection with his appointment as CFO, Treasurer and Secretary, on April 12, 2022, the Board, upon the recommendation of the Compensation Committee of the Board, approved an annual base salary for Mr. Hinojosa of $300,000.
On April 5, 2022, Astrotech Corporation (the “Company”) appointed Jaime Hinojosa, 40, as Chief Financial Officer, Treasurer and Secretary of the Company, effective as of April 15, 2022.
On March 31, 2022, Eric Stober informed the Company of his resignation from his positions as the Company’s Secretary, Treasurer and Chief Financial Officer, effective April 15, 2022.
Max materiality 0.75 · Median 0.53 · Most common event other_material