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AUSTIN - Astrotech Corporation (NASDAQ:ASTC) has appointed Scott Bartley as Interim Chief Financial Officer, effective October 20, 2025, according to a press release issued Friday. The micro-cap company, currently valued at just $6.54 million, has seen its stock decline 38.54% year-to-date, trading near its 52-week low of $3.75. InvestingPro analysis suggests the stock is currently undervalued.
Bartley, 56, brings over 20 years of experience as a controller and CFO across multiple industries. Since 2011, he has worked as a financial consultant, providing accounting, reporting, fundraising, and audit support to both public and private companies.
Prior to joining Astrotech, Bartley served as a consultant at Bridgepoint Consulting since 2018. His previous roles include owner and managing director of Tolarus Partners from 2013 to 2015 and Helix Advisors from 2011 to 2013 and again from 2015 to 2018, where he provided contract CFO and valuation services. From 2008 to 2011, he was CFO of Westlake Securities, a broker dealer.
Bartley is a Certified Public Accountant and Certified Valuation Analyst. He holds a Bachelor of Business Administration and Master of Professional Accounting degree from the University of Texas at Austin.
Thomas B. Pickens III, Chairman and Chief Executive Officer of Astrotech, stated in the release that Bartley's expertise across multiple industries provides "important qualification and vantage points for our business across multiple end markets."
Astrotech is a mass spectrometry company that operates through several wholly owned subsidiaries, including 1st Detect, AgLAB, Pro-Control, BreathTech, and EN-SCAN, Inc. The company develops various detection and analysis systems for security, agriculture, industrial manufacturing, and healthcare applications. According to InvestingPro data, the company reported revenue of $1.05 million in the last twelve months with a 36.96% decline year-over-year. While Astrotech holds more cash than debt on its balance sheet with a strong current ratio of 8.97, it is quickly burning through cash and is not profitable over the last twelve months.The company is scheduled to report its next earnings on November 14, 2025. Investors seeking deeper insights into Astrotech's financial health can access additional InvestingPro tips and comprehensive analysis to make more informed decisions.
In other recent news, Astrotech Corporation has announced the appointment of Nihanth Badugu as Chief Operating Officer, effective August 13, 2025. Badugu has been with the company since August 2023, serving as the Director of Program Management. During his tenure, he focused on initiatives aimed at improving operational efficiency and ensuring the completion of various programs. Before joining Astrotech, Badugu was the NPI Program Manager at Thermo Fisher Scientific from 2020 to 2023, where he played a key role in launching COVID-19 diagnostic products. His previous experience includes a position as Senior Program Manager at PVA Consulting Group from 2017 to 2020. This leadership change is part of the company's ongoing efforts to strengthen its management team. The appointment of Badugu is expected to bring a wealth of experience and expertise to Astrotech's operations.
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