Astrotech Corporation reported financial results for its second quarter of fiscal year 2026, posting a net loss of $3.927 million on revenue of $148,000. The company highlighted a 25% reduction in R&D expenses and the deployment of its TRACER 1000 system in approximately 35 locations globally.
Key takeaways
Q2 FY2026 Revenue was $148,000, compared to $261,000 in the same quarter of the prior year.
Net loss for the quarter ended December 31, 2025, was $3,927,000, or $(2.34) per basic and diluted share.
Research and development expense decreased 25% year-over-year to $1,832,000.
The Company appointed Scott Bartley as Interim Chief Financial Officer and David Spada as Director of Global Sales.
As of December 31, 2025, the Company had $3,095,000 in cash and cash equivalents and $7,037,000 in short-term investments.