Astrotech Appoints Jennifer Canas as CFO, Effective May 22

Astrotech has appointed Jennifer Canas as CFO, effective May 22. Canas has served as the company's corporate controller since June 2022.

Astrotech Corporation (Nasdaq: ASTC) has appointed Jennifer Cañas as its new Chief Financial Officer (CFO), effective May 22, 2025. Ms. Cañas, who has been serving as the company's Corporate Controller since June 2022, brings over two decades of experience in senior financial roles to the position.

Ms. Cañas' appointment was announced by Thomas B. Pickens III, Chairman and Chief Executive Officer of Astrotech Corporation, who praised her hard work, competence, and knowledge. He noted that she has consistently delivered solid results and demonstrated strong leadership during her tenure at Astrotech [1].

Prior to joining Astrotech, Ms. Cañas served as the Controller of The Texas Water Company (formerly SJWTX, NASDAQ: HTO) from 2018 to 2022. She also founded a small business tax and financial advisory firm in 2008, where she served as a Controller Consultant until 2022. Ms. Cañas has extensive experience at Big Four accounting firm, PricewaterhouseCoopers, and mid-size accounting firms. Her background in strategic financial leadership and deep accounting expertise is considered essential for the role of CFO at Astrotech [1].

Ms. Cañas is a Certified Public Accountant and received her Bachelor of Science degree in accounting from the University of Houston – Clear Lake, where she graduated Cum Laude. She is also actively involved in community service, volunteering with Big Brothers Big Sisters and leading Financial Peace University [1].

In her statement, Ms. Cañas expressed her honor in accepting the CFO role and her commitment to leading the team with integrity and contributing to the company's shared commitment of delivering value for shareholders [1].

Astrotech Corporation is a mass spectrometry company that launches, manages, and commercializes scalable companies based on its innovative core technology through its wholly owned subsidiaries. The company's subsidiaries include 1st Detect, AgLAB, Pro-Control, BreathTech, and EN-SCAN, Inc., which operate in various markets such as security, agriculture, and environmental testing [2].

The appointment of Ms. Cañas comes at a crucial time for Astrotech, as the company faces challenges with a 54.94% revenue decline in the last twelve months, but maintains a strong liquidity position with a current ratio of 9.86 [2].

Astrotech's forward-looking statements reflect the company's expectations and are subject to risks and uncertainties, including global economic conditions, regulatory approvals, market acceptance of products, and the impact of the ongoing wars in Ukraine and the Middle East, as well as the COVID-19 pandemic [2].

References:

[1] https://www.globenewswire.com/news-release/2025/05/28/3089989/0/en/Astrotech-Corporation-Appoints-Jennifer-Ca%C3%B1as-as-Chief-Financial-Officer.html

[2] https://www.investing.com/news/company-news/astrotech-names-jennifer-canas-as-new-cfo-93CH-4069013